Calculation Time definition
Examples of Calculation Time in a sentence
For the avoidance of doubt, TCBX will not pay or be responsible for the payment of any costs, fees, expenses, contract payments, penalties or liquidated damages in connection with the termination of any contract, unless Great Plains has accrued on or prior to the Calculation Time, but has not paid before Closing, any such costs, fees, expenses, contract payments, penalties or liquidated damages.
Any and all costs, fees, expenses, contract payments, penalties or liquidated damages necessary to be paid by Great Plains or any of its Subsidiaries in connection with the termination of any contract, regardless of whether such contract is identified by TCBX, shall be accrued or paid by Great Plains or its Subsidiaries on or prior to the Calculation Time in accordance with this Section 5.15(a) and shall be reflected in the calculation of Adjusted Equity as contemplated by Section 1.06(a).