7 (1) The payment to be made on a payment date by the Crown under section 6 shall be the amount calculated by taking the following steps: 1.  After eliminating any duplication in the following amounts, calculate the sum of the following: i.  Amounts that would be due and payable by the Fair Hydro Trust in respect of each existing funding obligation on the payment date, determined as the sum of the following, in each case assuming that no FHT acceleration has occurred in respect of any existing funding obligation at any time on or before the payment date: A.  Amounts due and payable in respect of repayments. B.  Amounts due and payable in respect of funding costs. C.  Amounts due and payable in respect of redemption amounts. D.  Amounts required under the governing documents for the existing funding obligation to be deposited into capital accounts or finance reserve accounts. ii.  Amounts due and payable in respect of FHT expenses on the payment date. iii.  Any taxes due and payable by the Fair Hydro Trust on the payment date. 2.  If the payment date is the last payment date occurring during a reference period during or after which an FHT acceleration has occurred in respect of any existing funding obligation, calculate the following amounts: i.  After eliminating any duplication in the amounts, the sum of the amounts that would have been determined under paragraph 1 in respect of a payment date occurring during the reference period, had the amounts been calculated in subparagraph 1 i for the payment date having regard to whether or not an FHT acceleration in respect of an existing funding obligation had occurred as of the payment date. ii.  The lesser of the following: A.  The amount determined under subparagraph i. B.  The fair allocation amount for the reference period in which the payment date occurs. 3.  Determine the amount, if any, by which the amount calculated under subparagraph 2 ii exceeds the amount determined under paragraph 1. 4.  After eliminating any duplication in amounts from all other sources of money that are or will be available to the Fair Hydro Trust on the payment date in order to pay the amounts that are due and payable by the Fair Hydro Trust on the payment date, calculate the sum of those amounts, excluding any amounts that would, if applied by the Fair Hydro Trust, directly or indirectly cause a default under any existing funding obligations, and including the following amounts: i.  Amounts withdrawn or required to be withdrawn, as required under the governing documents for the existing funding obligations, from any collection account, capital account or finance reserve account. ii.  Recovery amounts received by the Fair Hydro Trust. iii.  Tax refunds received by the Fair Hydro Trust. iv.  Amounts paid by Ontario Power Generation Inc. to the Fair Hydro Trust under section 8. v.  Amounts deposited by the Crown into the account established for the beneficiaries under the Protection Agreement. 5.  Calculate the sum of the amount calculated under paragraph 1 and any amount calculated under paragraph 3. 6.  Subtract the sum of the amounts calculated under paragraph 4 from the amount calculated under paragraph 5. 7.  Calculate the payment amount by adding any positive amount determined under paragraph 6 to any additional prescribed amounts that are determined in accordance with the regulations. 2019, c. 6, Sched. 3, s. 5. Rules (2) The following rules apply with respect to the determination of the amounts payable by the Crown to the Fair Hydro Trust under this section: 1.  The determination shall be made by applying a cash basis accounting method. 2.  The determination shall reflect cash amounts actually paid, deposited, received, applied, withdrawn or made available at a specified time. 2019, c. 6, Sched. 3, s. 5. Financial Services Manager to notify Ministers (3) The Financial Services Manager shall, in accordance with the regulations, notify the Minister and the Minister of Finance of each amount determined under this section and such other information as may be prescribed related to the determination of the amount. 2019, c. 6, Sched. 3, s. 5. Section Amendments with date in force (d/m/y) 2019, c. 6, Sched. 3, s. 5 - 01/11/2019