Common use of After Reference Date Clause in Contracts

After Reference Date. If the Put is exercised on or after the Reference Date, then the Put Price shall be equal to: (i) the sum of all cash contributions made by the CTC Members and the Additional Members to the capital of the Company (up to a maximum of $262,500,000 in the case of the CTC Members and $7,500,000 in the case of Edge) not allocable to the licenses (if any) that are transferred to the New LLC as contemplated by Section 9.7 (it being understood that, for purposes of this Section 9.3, and notwithstanding Section 2.2(c)(ii), all capital contributions to the Company made by the CTC Members and the Additional Members shall be allocated to the licenses acquired by the Company in the Auction on a pro rata basis in accordance with their respective purchase prices); plus (ii) an amount equal to a 24.7% per annum return on the contributions described in Section 9.3(a)(i), from and including the respective dates on which such contributions were made until but not including the date on which the Put Price is paid (the "Date of Payment") (except that if CTC exercises the Put after the first day of the Put Period, no return shall accrue on the contributions described in Section 9.3(a)(i) from and including the second day of the Put Period until but not including the date on which CTC exercises the Put), calculated on the basis of the actual number of days elapsed in such periods and compounded annually; plus (iii) the amount of any Adjusted Bidding Credits to which the CTC Members and the Additional Members are entitled pursuant to Section 9.6.

After Reference Date. If the Put is exercised on or after the Reference Date, then the Put Price shall be equal to: (i) the sum of all cash contributions made by the CTC Members and the Additional Members to the capital of the Company (up to a maximum of $262,500,000 in the case of the CTC Members and $7,500,000 in the case of Edge) not allocable to the licenses (if any) that are transferred to the New LLC as contemplated by Section 9.7 (it being understood that, for purposes of this Section 9.3, and notwithstanding Section 2.2(c)(ii), all capital contributions to the Company made by the CTC Members and the Additional Members shall be allocated to the licenses acquired by the Company in the Auction on a pro rata basis in accordance with their respective purchase prices); plus (ii) an amount equal to a 24.7% per annum return on the contributions described in Section 9.3(a)(i), from and including the respective dates on which such contributions were made until but not including the date on which the Put Price is paid (the "Date of Payment") (except that if CTC exercises the Put after the first day of the Put Period, no return shall accrue on the contributions described in Section 9.3(a)(i) from and including the second day of the Put Period until but not including the date on which CTC exercises the Put), calculated on the basis of the actual number of days elapsed in such periods and compounded annually; plus provided, that if (iiii) any open licenses won by the amount Company in the Auction shall have been sold by the Company pursuant to ARTICLE 8 and (ii) any portion of any Adjusted Bidding Credits the proceeds from such sales shall have been distributed or paid to which the CTC Members and the Additional Members are entitled pursuant to Section 9.6.8.4, then the Put Price shall be reduced by the aggregate amounts so distributed or paid plus, in the case