Proratable Item definition

Proratable Item means any Proratable Non-Tax Item or Proratable Tax Item.
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Examples of Proratable Item in a sentence

  • For purposes of this Section, the portion of any Proratable Item that is allocated to Huttig shall be deemed to be the amount of such Proratable Item for the entire period to which the Proratable Item relates multiplied by a fraction, the numerator of which is the number of days in the period to which the Proratable Item relates ending on the Closing Date, and the denominator of which is the number of days in the entire period to which the Proratable Item relates.

  • Any credits relating to a period to which a Proratable Item relates that begins before and ends after the Closing Date shall be taken into account as though the relevant period ended on the Closing Date.

  • Seller shall be solely responsible and liable for the portion of any Proratable Item related to the time period (Tax year period for a Proratable Tax Item) ending prior to the Closing (measured by calendar days for a Proratable Tax Item).

  • Seller shall be solely responsible and liable for the portion of any Proratable Item related to the time period (Tax year period for a Proratable Tax Item) ending on or prior to the Closing (measured by calendar days for a Proratable Tax Item).

  • Except as otherwise provided in this Agreement, each Proratable Item, if any, shall be prorated between Seller and the applicable Purchaser as of the Closing without any duplication of payment under the Purchased Contracts, the Purchased Licenses, this Agreement or otherwise.

  • If the amount of any Proratable Item is not ascertainable at Closing Date, the adjustment thereof shall be on the basis of 110% of the most recently ascertainable bill therefor, to be reprorated by the parties upon receip▇ ▇▇ a final bill for such Proratable Item.

  • Purchaser shall be solely responsible and liable for the portion of any such Proratable Item related to the time period (Tax year period for a Proratable Tax Item) after the Closing (measured by calendar days for a Proratable Tax Item); provided, however, that, notwithstanding anything to the contrary herein, Purchaser shall not be responsible or liable for or receive any amount under this Section 3.6 that constitutes an Excluded Liability or an Excluded Asset.

  • Except as otherwise provided in this Agreement, each Proratable Item, if any, shall be prorated between Seller and Purchaser as of the Closing without any duplication of payment under the Purchased Project Contracts or this Agreement.