Proration Payment Amount definition

Proration Payment Amount means an amount equal to: (i) the sum of (x) Prepaid Rent, Prepaid Expenses and XXX Advances and (y) 98.5% of Accounts Receivable that are not more than sixty (60) days past due, minus (ii) the aggregate amount of cash revenues received by Seller prior to the Closing Date and attributable to services to be provided to subscribers or other obligations to be performed by Purchaser following the Closing Date (other than prepaid launch fees), minus (iii) the aggregate amount of Customer Deposits, accounts payable and accrued expenses attributable to benefits received with respect to the Business in the period prior to the Closing Date and, in each case, which are included in Assumed Liabilities, which amounts shall be calculated in accordance with generally accepted accounting principles.
Sample 1
Proration Payment Amount means an amount equal to: (i) the sum of Prepaid Rent, Prepaid Expenses and ROE Advances, minus (ii) the aggregate amount of cash revenues xxxeived by Seller prior to the Closing Date and attributable to services to be provided to subscribers or other obligations to be performed by Purchaser following the Closing Date, minus (iii) the aggregate amount of accounts payable and accrued expenses attributable to benefits received in the period prior to the Closing Date, which amounts shall be calculated in accordance with generally accepted accounting principles, minus (iv) one-half the aggregate amount of deposits for equipment located on the premises of subscribers to the Business minus (v) the product of (x) 80.355% and (y) those liabilities of Home Link (other than liabilities relating to deposits for equipment located on the premises of subscribers to the Business) that would be required to be reflected in a balance sheet (or the notes thereto) prepared in accordance with generally accepted accounting principles and which are not or will not be otherwise satisfied at or prior to the Closing pursuant to Section 5.20 hereof.
Sample 1
Proration Payment Amount means an amount equal to: the sum of (x) Prepaid Rent and Prepaid Expenses and (y) Current Accounts Receivable minus the sum of (a) the aggregate amount of deferred cash revenues received by the Business prior to the Closing Date and attributable to services to be provided to subscribers or other obligations to be performed by Purchaser following the Closing Date (including payments for cable television commercials), (b) Customer Deposits, and (c) accounts payable and accrued expenses attributable to goods and services received in the period prior to the Closing Date and, in each case, which are included in Assumed Liabilities, which amounts shall be calculated in accordance with GAAP consistently applied. The Proration Payment Amount shall be calculated in accordance with Section 2.3(b)(iii)(E) of the Seller Disclosure Schedule.
Sample 1

Examples of Proration Payment Amount in a sentence

  • As of the Closing, Home Link shall have no liabilities that would be required to be reflected in a balance sheet (or the notes thereto) prepared in accordance with generally accepted accounting principles, except for such liabilities that are included in the calculation of the Proration Payment Amount.

Related to Proration Payment Amount

  • Payment Amount has the meaning specified in Section 6.1.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Gross Settlement Amount means Two Hundred Forty Thousand Dollars and Zero Cents ($240,000.00) which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Settlement Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and the Administration Expenses.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Cash Amount means an amount of cash equal to the Value on the Valuation Date of the Shares Amount.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Allocation Amount means, as of the Closing Date, the Series 2017-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2017-1 Stated Principal Amount resulting from the issuance of additional Series 2017-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge-Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2017-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greaterthan the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.