Allocation Statements Sample Clauses
An Allocation Statements clause defines how specific rights, responsibilities, or resources are distributed between the parties involved in an agreement. Typically, this clause outlines which party is responsible for particular obligations, such as payment, delivery, or risk, and may specify the proportion or method of allocation. For example, it might state that costs are shared equally or that one party bears all liability for certain actions. The core function of this clause is to ensure clarity and prevent disputes by explicitly stating how duties and benefits are divided, thereby allocating risk and responsibility in a transparent manner.
Allocation Statements. The Paying Agent shall deliver an allocation statement (each an “Allocation Statement”) to the Purchaser at least 14 days prior to the due date of any payments payable to the Equity Holders pursuant to this Article II. The Allocation Statement shall set forth the allocation of the payments described in this Article II, between the Equity Holders, on the one hand, and the Remaining Option Holders, on the other. Such Allocation Statement shall be prepared in good faith by the Paying Agent based upon the initial Closing Payment Allocation, as set forth in Schedule 2.2, and shall reflect adjustments to such initial Closing Payment Allocation based upon (i) the mix of cash and stock consideration as determined pursuant to Section 2.2.2(b); and (ii) the forfeiture of such payments by the Remaining Option Holders, as (and in the manner contemplated by) the applicable Option Termination Agreement.
Allocation Statements. Buyer and Seller shall have agreed on a tax allocation of the Purchase Price to be set forth on Schedule 4.6(a).
Allocation Statements. The parties agree to report (and cause their Affiliates to report) any payment with respect to the Preferred Rights in accordance with Section 4.5(e) of the Operating Agreement.