Equitable Manner definition
Equitable Manner means that Seller shall be allocated such items based on a fraction, the numerator of which is the number of days in the applicable taxable or fiscal period prior to the Closing Date and the denominator of which is the total number of days in such taxable period, and Buyer shall be allocated the remainder.
Equitable Manner means services received are in proportion to the allocated cost.
Equitable Manner has the meaning set forth in Section 2.10. ----------------
Examples of Equitable Manner in a sentence
The following items relating to the Acquired Assets will be apportioned at the Closing in an Equitable Manner as of the close of business of the Closing Date so that the income and expense items with respect to the period up to and including the Closing Date will be for the applicable member of the Seller Group’s account and the income and expense items with respect to the period after the Closing Date will be for Buyer’s account.
More Definitions of Equitable Manner
Equitable Manner will mean that the members of the Seller Group will be allocated such items based on a fraction, the numerator of which is the number of days in the applicable period ending on the Closing Date for which the corresponding item is accrued and the denominator of which is the total number of days in such period for which the item is accrued, and Buyer will be allocated the remainder.
Equitable Manner means that Contributor shall be allocated such items based on a fraction, the numerator of which is the number of days in the applicable taxable or fiscal period prior to the Closing Date and the denominator of which is the total number of days in such taxable period, and the Company shall be allocated the remainder. In the case of Prorated Amounts paid by Contributor prior to Closing, any amounts due to Contributor from the Company shall be paid at Closing; thereafter, in the event that either the Company or Contributor shall make any payment for which it is entitled to reimbursement under this Section 7.12, the other Party shall make such reimbursement promptly, but in no event later than ten days, after the presentation of a statement setting forth the amount of reimbursement to which the presenting Party is entitled along with such supporting documentation as is reasonably necessary to calculate the amount of such reimbursement.