Due Proportion definition

Due Proportion means the proportion borne by the Shares allocated to the part of the Unit concerned to the total number of Shares allocated to that Unit under this Deed.

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Due Proportion means such proportion as is conclusively certified (save in the case of manifest error) by the Landlord’s surveyor (acting reasonably and properly) as representing the due proportion of the relevant expenditure reasonably attributable to the Premises.

Due Proportion in relation to each of MSSL and GS shall mean 73 per cent. in the case of MSSL and 27 per cent. in the case of GS;

Examples of Due Proportion in a sentence

• If there is a Deficiency (as described in Clause 4.4), then each Ordinary Shareholder shall, within fourteen days of the Determination Date (as defined in Clause 5.2), by way of reduction of the Ordinary Consideration or Ordinary Cash Equivalent, as appropriate, pay to the Buyer an amount equal to its Due Proportion of the Deficiency Provided that in the case of the Option Holders and (to the extent of the Sellers Escrow Account) the Sellers payment will be pursuant to the Escrow Letter.

• Subject to reimbursement by the Tenant of the Car Park Due Proportion of the Car Park Service Charge, to use all reasonable endeavours to provide or procure the provision of so much of the Car Park Services as the Landlord shall consider appropriate in accordance with the principles of good estate management.

• On or before the date falling five Business Days after the date on which the Net Asset Shortfall amount becomes final and binding in accordance with clause 5 and Schedule 8, each Seller will pay to the Buyer a sum equal to such Seller's Due Proportion of the amount (if any) of the Net Asset Shortfall (calculated in accordance with clause 5.9).

• The Earn-out Payment shall be apportioned between the Sellers in accordance with their respective Due Proportions (as set out opposite their names in column 6 of the table in Part A of Schedule 1), so that each Seller shall be paid a sum equal to his Due Proportion of the Earn-out Payment.

• A statement certified by a duly qualified surveyor or accountant (and in the absence of manifest error to be accepted by the Tenant as conclusive) showing: the Total Charge for the relevant Account Period; the Due Proportion; the Service Charge; details of all Estimated Service Charges received in respect of the relevant Account Period; and any balance of Service Charge due from the Tenant or refund due to the Tenant.

More Definitions of Due Proportion

Due Proportion means a fair proportion as conclusively determined from time to time by the Landlord acting reasonably;

Due Proportion means the proportion borne by the management shares allocated to the part of the Unit concerned to the total number of management shares allocated to different parts of that Unit under the Sub-Deed of Mutual Covenant concerned.

Due Proportion means the respective proportions shown in column (4) of the schedule being the proportions in which the Shares are held by the Sellers;

Due Proportion means in relation to

Due Proportion means 36.4% 2 The Service Charge shall be paid in manner following: 2.1 The Landlord shall be entitled to estimate the amount of the Service Charge for any Service Charge Period and if the Landlord so requires the Tenant shall pay in advance on account of the Service Charge for that Service Charge Period the amount provisionally so estimated by the Landlord by equal advance payments on each of the Rent Days during the Service Charge Period the first such payment to be made on the date of this Lease being an apportioned sum in respect of the period from the commencement date of the Term until the day preceding the Rent Day next following the date of this Lease 2.2 The Service Charge shall be deemed to accrue on a day to day basis in order to ascertain the yearly rate thereof and for the purpose of apportionment in respect of any periods of other than one year The Landlord shall as soon as practicable after the end of each Service Charge Period prepare or cause to be prepared and submitted to the Tenant a statement professionally prepared certified as true and correct showing the Service Costs and the Service Charge for the Service Charge Period then ended and upon such statement being the same shall be final and binding on the Tenant (save in the event of manifest error)

Due Proportion means a fair and reasonable proportion as conclusively determined by the Surveyor acting in accordance with the principles of good estate management ENACTMENT means statute, statutory instrument, statutory guidance, treaty, regulation, directive, byelaw, code of practice, guidance note, circular, common law and any notice, order, direction or requirement given or made pursuant to any of them, for the time being in force.

Due Proportion means, as regards each Management Shareholder, that proportion set against his name in column (3) of the table in clause 3.3.