Party Share definition
Examples of Party Share in a sentence
In consideration for the City Parties’ payment of their respective Party Share, each City Party shall have the right to utilize an approximately equivalent percentage of its Party Share of total Guest Capacity in the Navigation Centers.
The Company shall hold such shares of common stock currently owned by ▇▇▇▇▇ in escrow for the express purpose of such Third Party Share Transfer and shall have the right to oversee the individual transfers and sales in accordance with SCHEDULE 6.
Subject to an award of sufficient Federal Funds and a modification to this Agreement setting out an updated estimate and Party Share maximum limits, the Parties will proceed with the remaining design phase activities from the completion of the Initial Design Phase up to the point of advertising for a construction contract (the “Final Design Phase”).
Subject to an award of sufficient Federal Funds and the Parties entering into a subsequent Agreement setting out an updated construction estimate and Party Share maximum limits, the Parties will proceed with constructing the designed Combined Project (the “Construction Phase”).
If one year after the date hereof, Company has not distributed the full amount of the Third Party Share of Defined Net Proceeds, then Company may, in its sole discretion, increase Company and Lender’s percentages of Defined Net Proceeds equally to account for such remaining unallocated Third Party Share of Defined Net Proceeds.
The First Party rights and entitlements under this Agreement and in respect of development of the Schedule Property shall be limited to receiving the First Party Share as set out in Clause 2 hereunder.
The Parties agree that each Party Share is consistent with the Cost Allocation Plan under Option 3 set forth in Exhibit “E” and that the Cost Allocation Plan accurately reflects the burdens and benefits of the Parties under this Agreement.
Further, it is clarified between the Parties that the First Party shall bear the applicable Taxes imposed / to be imposed by the Government Agency in respect of First Party Share.
The Department’s first invoice to the Work Parties will include the reimbursement of the Work Party Share of the Department’s Reimbursable Future Costs incurred after November 30, 2021 and through the Effective Date of this Consent Decree, or as close to such date as possibly can be ascertained, including any costs incurred for services before November 30, 2021 but not yet invoiced and/or paid by the Department as of such date.
The Parties agree that each Party Share is intended to, and does, fairly represent the privileges, benefits, and burdens flowing to and imposed upon each such Party, and its respective community, in that each Party Share represents a portion of the City Program Costs that is substantially equal to each City Party’s anticipated use of the aggregate Guest Capacity of the Navigation Center, and associated burdens of the Program carried by Host Cities.