Cumulative Value definition
Examples of Cumulative Value in a sentence
If at the end of the 13th month the Intended Payments have not been received, an additional Sales Charge will be determined based on the difference between the Sales Charge determined using the Intended Payments and the Sales Charge determined based on the Cumulative Value.
The Sales Charge percentage applied to any Payments received during the 13-month period will be based on the Intended Payments if that percentage is less than the Sales Charge percentage determined based on the Cumulative Value.
For the purposes of this Section E.1, "Cumulative Value" means the value realized by the Corporation from the approximately 40,000 acres of mineral interest held by Shore Oil Company ("Shore") in Terrebonne, Lafourche and St. Mary ▇▇▇ishes, Louisiana (as more particularly described in Exhibit "A" attached hereto and incorporated by reference.
Upon signing the Agreement, ASSOCIATE's Cumulative Value will be established at $150,000 unless a higher value is warranted by ASSOCIATE's cumulative dollar purchases as described above.
If a Payment would cause the Cumulative Value on the date of such Payment to exceed the Maximum Amount shown on the Specifications Pages, or the Cumulative Value on the date of such Payment already exceeds the Maximum Amount, no additional Payments will be accepted without our prior approval.
The Cumulative Value shall be dated as of December 31 of each year following the Merger Date in accordance with Section 2.9(b) of that certain Agreement and Plan of Merger dated June 20, 1997 among the Corporation, Shore Acquisition Company, Shore and its shareholders, the provisions of such section are incorporated herein.
The discount will be based on ASSOCIATE's cumulative dollar value (the "Cumulative Value") of Category A, B and C Products purchased from SCHLUMBERGER over the preceding six (6) months plus the current month.
In the event the Specification Page indicates the Sales Charge is based on Cumulative Value, we may reduce the Sales Charge applied, or include additional accounts in the Cumulative Value total, on a non-discriminatory basis, for those Contracts where we expect reduced distribution expenses as a result of the additional accounts.
The Cumulative Value of Assistance Resources shall equal the value specified in Section 3.1 hereof for each item provided by Pawnbroker, including applicable interest and other related charges.