Completed Portion definition

Completed Portion means an amount equal to all amounts paid or due from customers party to such Acquired NetCare Monitoring Contracts in respect of the month of November multiplied by a fraction the numerator of which is the number of days that have elapsed in November as of the Closing Date and the denominator of which is thirty (30). Any amounts that are due Buyer as of Closing Date pursuant to this Section 2.25 shall be offset from the Cash Consideration or any other amount owed or payable by Buyer to Seller or Shareholders under this Agreement at Closing and to the extent that any amounts owed pursuant to this Section 2.25 are identified by Buyer or Seller after the Closing Date and remain unpaid by Seller to Buyer for the performance by Buyer of the Acquired NetCare Monitoring Contracts after the Closing Date, such amounts shall be immediately paid by Seller to Buyer.
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Completed Portion means all parts of Phasing Plan Property for which, by the end of the tax year one year prior to the tax year for which allocation · is beinq made (e.g., by the June 30, 1988 end of the tax year 1987-8 for the allocation tax year beqinninq July 1, 1989): 1) Construction has been completed, as evidenced by the City's issuance of a certificte of occupancy or comparable document evidencing completion ·issued by the conty,
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Examples of Completed Portion in a sentence

  • Buyer and Seller hereby agree that an amount equal to the Completed Portion, as of the Closing Date, of all amounts due or paid by Seller’s customers in respect of such the Acquired NetCare Monitoring Contacts in respect of the month of November shall be paid to and retained by Seller and all other amounts due or paid by customers party to such Acquired NetCare Monitoring Contracts in respect of the month of November and thereafter shall be paid to and retained by Buyer.

  • Buyer and Seller hereby agree that an amount equal to the Completed Portion, as of the Closing Date, of all amounts due or paid by Seller’s customers in respect of such the Acquired Managed Services Contacts in respect of the month of July 2009 shall be paid to and retained by Seller and all other amounts due or paid by customers party to such Acquired Managed Services Contracts in respect of the month of July 2009 and thereafter shall be paid to and retained by Buyer.