True-up for New Sample Clauses

True-up for New. Business Ventures --------------------------------- If HoldCo or its subsidiaries engage in any new business ventures or form new corporate subsidiaries to engage in new business ventures after the Closing Date, HoldCo shall identify on its time sheets, or through other direct costing methods, the amount of A&G costs attributable to such new business ventures during the first twenty-four months after the Closing Date. To the extent that such amounts exceed $2,000,000 in either of the two consecutive twelve month periods following the Closing Date, GENCO shall pay LIPA forty-four percent (44%) of the excess above $2,000,000 for each such twelve-month period. Such payment shall be made in one lump sum between the beginning of the twenty-fifth month and before the end of the twenty-eighth month following the Closing Date.
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Related to True-up for New

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  • Special Rules for New Accounts If you are a new member, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,525.00 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state, and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be made payable to you. The excess over $5,525.00 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S Treasury check) is not made in person to one of our employees, the first $5,525.00 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit.

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  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

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