Allocated Share Sample Clauses
Allocated Share. Each Client Company’s “Allocated Share” for purposes of this Agreement shall be determined as follows:
(i) For each Service that directly benefits a Client Company, such Client Company’s Allocated Share of the Allocated Costs for such Service shall be equal to such Client Company’s annual Net Revenue for the preceding calendar year divided by the total applicable annual Net Revenue of all of the Client Companies receiving the benefits of such Service for the same period (rounded to the nearest one percent); provided that the sum of the Allocated Shares of all Client Companies receiving the benefit of any Service must equal 100%. The Client Companies’ initial Allocated Shares for Services shall be as set forth on Schedule B. Effective as of January 1st of each calendar year during the term of this Agreement, and upon the addition or removal of any Client Company pursuant to Section 18, Servicer shall reset the Client Companies’ respective Allocated Shares for each Service in accordance with this Section 3(c)(i). Upon final determination of any such reallocation by Servicer, Servicer shall submit for review and approval by each Client Company a written statement of such reallocation and the assumptions and calculations underlying such reallocation set forth in reasonable detail. All changes to determinations of Direct Costs, Allocated Shares and Allocated Costs shall only apply on a prospective basis.
(ii) Each Client Company’s Allocated Share for purposes of Sections 4 and 6 shall be equal to each Client Company’s Allocated Share set forth in Section 3(c)(i) for a Service that benefits all of the Client Companies.
(iii) (A) Not less than once every five years during the term of this Agreement (such period initially commencing on the date of the Original Agreement) and (B) upon any acquisition or divestiture by DMI or any of its direct or indirect subsidiaries of assets accounting (individually or in the aggregate with all other acquisitions or divestitures from the Effective Date) for at least 10% of the consolidated revenues or consolidated expenses of DMI and its subsidiaries (as reasonably determined by the board of directors of DMI acting in good faith), Servicer shall commission a nationally recognized accounting firm or financial institution to review the fairness of the shared Allocated Costs and the corresponding allocation methodology set forth in this Section 3(c).
Allocated Share. Aon shall determine the Allocated Shares of KSL during the Initial Policy Periods, which may be different for each Annual Premium and which determination shall be based on the historical losses, exposures to risk, projected expected losses and possible magnitude of losses of KSI and KSL and their respective Subsidiaries. KSI and KSL hereby agree that Aon's determination regarding the Allocated Shares of KSL shall be conclusive absent manifest error.
Allocated Share. 0.61%. This share is a stipulated percentage, agreed upon by the parties, and constitutes a material part of the economic basis of this Lease and the consideration to Landlord in entering into this Lease. Landlord may readjust the Allocated Share from time to time based on changes in the rentable area of the Building.
Allocated Share. The term “Allocated Share” refers to the portion of the Net Settlement Fund calculated according to the Formula which the Plaintiff, the Consent Plaintiffs, and a Subsequent Class Member is entitled to receive if he/she timely files a valid Claim Form and completes the appropriate wage-and-hour release.
Allocated Share. 2.51% of the Building. This share is a stipulated percentage, which the parties conclusively agree is final and correct and not subject to challenge or dispute by either party and which shall be revised only if either the area of the Premises, the area of the Building, and/or the area of the Building Project are changed after the Date of this Lease pursuant to the terms of this Lease.
Allocated Share. 1.56% (based on the ratio of the square footage of the Premises to the square footage of the Project, which is 1,669,732 rentable square feet). This share is a stipulated percentage, agreed upon by the parties, and constitutes a material part of the economic basis of this Lease and the consideration to Landlord in entering into this Lease.
Allocated Share. 5.18%. Landlord and Tenant have stipulated to the Allocated Share as a material part the economic basis of this Lease and a material inducement to Landlord’s execution of this Lease.
Allocated Share. As of the Relocation Date, Tenant's Allocated Share shall be increased to 2.81%.
Allocated Share. This is an area where developer's and unit owners' interests can conflict.
a. If developer intends to retain one or more units, especially commercial units, for the long term, developer will want to specify a method of allocating common expenses that results in him paying as little as possible in assessments. The unit owners will want the developer to pay an equitable share.
b. In the past, "creative" allocations have led to abuses. Consumers purchased units unaware they would be paying an inequitably high share of the common expenses, essentially subsidizing the developer and/or commercial unit owners.
c. To protect consumers, some states, including Florida, regulate the manner of allocating common element expenses.
i. Florida permits only 2 methods for allocating common element expenses: (a) square footage (square footage of the unit compared to square footage of all units) or (b) equal fractional (same amount paid by all units), and requires, for a residential unit, that the manner of sharing common element expenses and owning common surplus be the same as the undivided share in the common elements.
d. Other potential methods of allocation include volume, value and usage (or a combination thereof).
e. The declaration should include an exhibit listing each unit's allocated share of the common element expenses (and shared facilities expenses, if applicable). This will aid future boards in determining and levying assessments and enforcing payment.
Allocated Share. As of the Expansion Space Commencement Date, Tenant’s Allocated Share shall be increased to 3.66%.