Common use of Allocation Adjustment – Termination or Withdrawal Clause in Contracts

Allocation Adjustment – Termination or Withdrawal. The allocation of Northern Tier’s approved budget, as amended, and the Minimum Cash Balance to the Parties shall be adjusted prospectively immediately following a Party’s termination or withdrawal pursuant to Sections 9.1 or 9.2, respectively. The amount to be allocated shall include any amounts previously applicable to the withdrawing party that are not covered by the payments required by Section 8.1.

Appears in 4 contracts

Samples: Funding Agreement, Funding Agreement, Funding Agreement

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Allocation Adjustment – Termination or Withdrawal. The allocation of Northern Tier’s approved budget, as amended, and the Minimum Cash Balance to the Parties shall be adjusted prospectively immediately following a Party’s termination or withdrawal pursuant to Sections 9.1 or 9.2, respectively. The amount to be allocated shall include any amounts previously applicable to the withdrawing party that are not covered by the payments required by Section 8.1.

Appears in 2 contracts

Samples: Funding Agreement, Funding Agreement

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