Proration; Customer Rebates Sample Clauses

Proration; Customer Rebates. (a) There shall be prorated as of the Effective Date and Time the following accrued or prepaid items relating to Colors and the Transferred Assets held by it: (i) ad valorem, real or personal property and similar taxes, (ii) rents, royalties and other payments due under the Assigned Contracts, (iii) charges for utilities serving Acquired Properties, (iv) license fees related to transferable licenses and Permits, and (v) assessments of any Government and charges for services. (b) Without prejudice to the generality of Paragraph 1.8(a), any customer rebates relating to the Acquired Businesses will be prorated as of the Effective Date and Time, and such proration will include the amortized effect of any ratchet or other adjustment mechanism relating to such rebates where such mechanism operates by reference to periods both before and after the Effective Date and Time.