9.—(1) Subject to regulation 10, the payable area shall be the total of the areas of eligible land of the applicant in each grazing category, adjusted in accordance with the following formula:–
P = E × V
Where
P is the payable area;
E is the area of eligible land in each field or shared grazing in calendar year 2005; and
V is the hectare value for each field or shared grazing determined in accordance with paragraph (2).
(2) For the purpose of paragraph (1) the hectare value shall be the entry in the third column of Schedule 5 corresponding to the grazing category in the second column of that Schedule.
(3) For the purposes of this regulation the grazing category of each field or shared grazing of the applicant shall be the entry in the second column of Schedule 5 corresponding to the entry in the first column of that Schedule relating to the stocking density of the applicant who declared the field or shared grazing in an area aid application on or before 15th May 2001.
(4) Subject to paragraph (5), for the purposes of paragraph (3), the stocking density for each field or shared grazing shall be the stocking density that was determined for that field or shared grazing by regulation 9 of the 2003 Regulations following upon an application for less favoured area support under those Regulations.
(5) Where no stocking density was determined under regulation 9 of the 2003 Regulations for a field or shared grazing then, for the purposes of paragraph (3), the Scottish Ministers shall determine a stocking density figure for that part of the land of the applicant.