ALLOCATION BETWEEN PERIODS Clause Samples
The "Allocation Between Periods" clause defines how financial amounts, obligations, or benefits are distributed across different time periods within a contract. Typically, this clause specifies the method for dividing payments, revenues, or liabilities—such as prorating fees or expenses based on the duration of service or the occurrence of certain events within each period. Its core practical function is to ensure fairness and clarity in how amounts are assigned to specific periods, preventing disputes over timing and ensuring that each party is responsible only for their share during the relevant timeframe.
ALLOCATION BETWEEN PERIODS. In the event that a termination of the [**] and/or the Aventis [**] falls on a day other than the first day of a Post-Launch Quarter, the Profit Interest and Post-[**] Royalty or [**] Royalty, as the case may be, for such Post-Launch Quarter shall be paid for such Post-Launch Quarter based upon the actual Net Sales made during such Post-Launch Quarter under the [**] Period, the Aventis [**] and/or the Post-[**] Royalty Period or [**] Royalty Period, as the case may be.
ALLOCATION BETWEEN PERIODS. All Taxes shall be determined on the basis of an interim closing of the books of the Company as though its Tax year ended on the Closing Date; provided, that the allocable portion of any periodic Tax that is not based on income, receipts or transactions shall be determined by apportioning the Tax for the entire taxable year based upon the number of days in the pre-Closing period and post-Closing period. The books and records of the Company shall be closed at the end of business on the Closing Date, and for purposes of this Agreement, a short Tax-year period shall end for the period January 1, 2003 through the Closing Date. Seller shall prepare or cause to be prepared, and shall execute on behalf of the Company and file or cause to be filed in a timely manner all federal Tax Returns for the Company for all periods ending on the Closing Date.
ALLOCATION BETWEEN PERIODS. 29 9.6. Tax Treatment of Transactions........................................................ 29 9.7.
ALLOCATION BETWEEN PERIODS. For purpose of the representations made -------------------------- in Subsection 3.5.7, including any determination of estimated Taxes, the presentation of the Closing Balance Sheet, and the determination of tax refunds for any tax period that includes but does not end on the Closing Date, and the presentation of Financial Statements, all Taxes shall be determined on the basis of an interim closing of the books of VESTA COUNTY MUTUAL as though its Tax year ended on the Closing Date.