Proration Amounts Sample Clauses
The "Proration Amounts" clause defines how payments or obligations are to be proportionally allocated when a contract period does not cover a full term, such as a partial month or year. In practice, this means that if a service begins or ends partway through a billing cycle, the amount due is calculated based on the actual number of days or units used rather than the entire period. This clause ensures fairness and accuracy in financial dealings by preventing overpayment or underpayment when contract terms do not align perfectly with standard billing intervals.
Proration Amounts. Such payments to Buyer (or credits against the Purchase Price) as may be required to effect the prorations required by this Agreement.
Proration Amounts. No later than three (3) Business Days prior to the Closing Date, if possible, and in any event as soon as possible after the Closing Date, each of Constellation and Huneeus shall provide the other Parties with an estimate of the amounts of the pro-rations and reimbursements to be made pursuant to Article III-A of the Franciscan Contribution Agreement and Article III-A of the Huneeus Contribution Agreement, respectively.
Proration Amounts. As soon as practicable after the actual Proration Amounts are available, but in any event within 90 days after the Closing Date, the Parties shall make any necessary adjustments based on such information and pay over to the other Party the amount of any such adjustment that may be due and owing by such party. If necessary, further adjustments shall be made on the six-month and twelve-month anniversaries of the Closing Date, until all adjustments and allocations have been finally completed.
Proration Amounts. Such payments to Buyer (or credits against the Purchase Price) as may be required to effect the prorations required by this Agreement. If the ad valorem tax statements on the Property for the calendar year of Closing have been issued as of the Closing Date, the ad valorem taxes on the Property through the calendar year of Closing shall be paid. If the Property is included with other real property under one or more ad valorem tax account numbers, all ad valorem taxes through the calendar year of Closing associated with those ad valorem tax account numbers shall be paid at Closing.
Proration Amounts. 2.6.1. At least five (5) days prior to the Closing Date, each Transferring Party shall make a good faith estimate of the Proration Items for its Stations that are customary in television broadcast station transactions (each a "Proration Amount") to reflect that all Proration Items of the Transferring Party's Stations shall be apportioned between the Recipient Party and the Transferring Party in accordance with the principle that the Transferring Party shall receive the benefit of all revenues, refunds, deposits (other than deposits for Program Contracts which shall be prorated based on the percentage of the term that the film or program was aired on the Transferring Party's Stations before the Closing Date and the percentage available to be aired on and after the Closing Date) and prepaid expenses, and shall be responsible for all expenses, costs and liabilities allocable to the conduct of the businesses or operations of the Transferring Party's Stations for
Proration Amounts. 2.6.1. At least five (5) days prior to the Closing Date, each Transferring Party shall make a good faith estimate of the Proration Items for its Stations that are customary in television broadcast station transactions (each a "Proration Amount") to reflect that all Proration Items of the Transferring Party's Stations shall be apportioned between the Recipient Party and the Transferring Party in accordance with the principle that the Transferring Party shall receive the benefit of all revenues, refunds, deposits (other than deposits for Program Contracts which shall be prorated based on the percentage of the term that the film or program was aired on the Transferring Party's Stations before the Closing Date and the percentage available to be aired on and after the Closing Date) and prepaid expenses, and shall be responsible for all expenses, costs and liabilities allocable to the conduct of the businesses or operations of the Transferring Party's Stations for the period prior to the Closing Date, and the Recipient Party shall receive the benefit of all revenues, refunds, deposits and prepaid expenses, and shall be responsible for all expenses, costs and liabilities allocable to the conduct of the businesses or operations of such Stations from and after the Closing Date; provided, however, there shall be no adjustment or proration for any negative or positive net trade balance for WPTZ or WNNE except to the extent that the negative trade balance (i.e., the amount by which the value of goods
2.6.2. Within ninety (90) days after the Closing Date, the Recipient Party shall deliver to the Transferring Party in writing and in reasonable detail a good faith final determination of the Proration Amount determined as of the Closing Date under Section 2.6.1 ("Final Proration Amount"). The Transferring Party shall assist the Recipient Party in making such determination, and the Recipient Party shall provide the Transferring Party with reasonable access to the properties, books and records relating to the Stations of the Transferring Party for the purpose of determining the Final Proration Amount. The Transferring Party shall have the right to review the computations and workpapers used in connection with the Recipient Party's preparation of the Final Proration Amount. If the Transferring Party disagrees with the amount of the Final Proration Amount determined by the Recipient Party, the Transferring Party shall so notify the Recipient Party in writing within thirty (30...