Allocation of Certain Items Sample Clauses
The 'Allocation of Certain Items' clause defines how specific costs, revenues, or liabilities are distributed between the parties involved in an agreement. Typically, this clause outlines which party is responsible for particular expenses or entitled to certain benefits, such as taxes, fees, or income generated during the term of the contract. By clearly specifying these allocations, the clause helps prevent disputes and ensures that each party understands their financial responsibilities and entitlements under the agreement.
Allocation of Certain Items. With respect to certain expenses incurred with respect to the Transferred Assets in the operation of the Business, the following allocations shall be made between the Buyer on the one hand and the Sellers on the other:
Allocation of Certain Items. With respect to certain expenses incurred in the operation of the Business, the following allocations shall be made between the Seller and the Buyer: KCP-4567096-16
Allocation of Certain Items. With respect to certain expenses incurred with respect to (i) the CCR Transferred Assets in the operation of the CCR Business and (ii) the CCBCC Transferred Assets in the operation of the CCBCC Business, the following allocations shall be made between the CCBCC Parties on the one hand and the CCR Parties on the other:
Allocation of Certain Items. With respect to certain expenses incurred with respect to the Assets in the operation of the Business, the following allocations will be made between the Purchaser and the Company:
Allocation of Certain Items. With respect to certain expenses incurred with respect to the Purchased Assets in the operation of the Business, the following allocations shall be made between Purchaser and Sellers: (a) Taxes. For all taxable periods that begin on or prior to the Effective Time, real, personal and ad valorem property Taxes and any similar Taxes imposed on a periodic basis (“Periodic Taxes”), with respect to the Purchased Assets or the Business, shall be apportioned between Sellers and Purchaser based upon the number of days in the taxable period prior to the Effective Time and in the taxable period beginning on and following the Effective Time, respectively, except that Periodic Taxes to the extent and in the amount accrued or reserved against on the Final Closing Balance Sheet shall be apportioned entirely to Purchaser.
Allocation of Certain Items. With respect to certain expenses incurred with respect to the Purchased Assets, the following allocations shall be made between Horizon and Sprint:
Allocation of Certain Items. Notwithstanding anything herein to the contrary, to the extent that a billing period for real estate taxes, personal property taxes, utilities, water or sewer charges relating to the real property leased pursuant to the Real Property Leases does not end on the Closing Date, Buyers shall only be responsible for such charges, if any, under the Real Property Leases for the days occurring after the Closing Date, and Seller shall be responsible for all such charges with respect to the period up to and including the Closing Date (to the extent such charges are not otherwise reflected on the Working Capital Statement as finally determined pursuant to Section 3.5). Appropriate cash payments by Seller or Buyers, as the case may require, shall be made hereunder from time to time as soon as practicable after the facts giving rise to the obligation for such payments are known in the amounts necessary to give effect to the allocations provided for in this Section 3.3.
Allocation of Certain Items. With respect to certain expenses incurred in connection with the operations of the Seller and certain other items, the following allocations will be made:
(i) Subject to the provisions of ss.2(i) and this ss.2(j), (A) the Seller will be responsible for all costs and expenses of every kind and nature incurred in connection with, arising out of, or attributable to the operations of the Seller or the ownership of the Acquired Assets up to the Closing, and (B) the Purchaser will be responsible for all such costs and expenses attributable to the operations of the Seller or the ownership of the Acquired Assets after the Closing.
(ii) To the extent not already accrued in Seller's Financial Records as of the Closing Date, utilities, water and sewer charges will be paid directly to the obligee by the parties hereto based upon meter readings as of the effective time of the Closing and at the prevailing rates, if possible; otherwise, such charges will be apportioned based upon the number of operating days occurring before and after the effective time of the Closing during the billing period for each charge. To the extent such charges are accrued in Seller's Financial Records as of the Closing Date, they will be treated as trade payables. Immediately after the effective time of the Closing, all such utility services will be registered in the name of the Purchaser.
(iii) Utility, lease and other deposits paid by the Seller with respect to the Acquired Assets that can be transferred to the Purchaser will be so transferred. Appropriate cash payments by the Seller or the Purchaser, as the case may be, will be made hereunder from time to time, as soon as practicable after the facts giving rise to the obligation for such payments are known to the Seller and the Purchaser, in the amounts necessary to give effect to the allocations provided for in this ss.2(g).
Allocation of Certain Items. The Purchaser shall promptly pay in cash to the Seller any amount received by the Purchaser to the extent such amount (a) relates to the operation of the Assets prior to the Closing Date or (b) is a refund, rebate or other adjustment with respect to a payment made by the Seller prior to the Closing Date.
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