Expense Allocation Percentage definition
Examples of Expense Allocation Percentage in a sentence
Adjustments to any Expense Allocation Percentage that do not involve changes to the use of relative Net Revenue as allocation methodology per Section 6.1(c)(i)(B) shall require the affirmative consent of a majority of the members of the Steering Committee.
Each Member shall be allocated a percentage of Company expenses and deductions equal to such Member’s Expense Allocation Percentage relating to the expenses and deductions taken into account during such period.
For the avoidance of doubt, the initial allocation methodology used to determine the Expense Allocation Percentage of the Members is relative Net Revenues.
All cash reimbursement obligations of CGPH for Operating Expenses and the Annual Baseline CapEx Amount (the “CGPH Calculated Amounts”) shall be paid in accordance with CGPH’s Expense Allocation Percentage; provided that if CGPH acquires any new properties that are intended to benefit from the Company’s services under the Services Agreement, then the portion of the CGPH Calculated Amounts attributable to such new property shall be paid 100% by CGPH.
Any property newly acquired by CGPH or CERP, as applicable, shall allocate operating and capital expenses based on the then applicable relative Net Revenues of CGPH or CERP, as applicable, and not the initial Expense Allocation Percentage of CGPH or CERP, as applicable.
For each month, the amount of the Services Reimbursement payable by the Viper Parties with respect to each such cost or expense shall be calculated by multiplying the amount of such cost or expense times the Expense Allocation Percentage therefor.