Seller's Proportionate Share definition

Seller's Proportionate Share means a fraction, the numerator of which shall be the number of days from the effective date or commencement date of a Lease Cost Transaction to (but not including) the Closing Date and the denominator of which shall be the number of days from the commencement date or effective date of such Lease Cost Transaction to the stated expiration date of the Lease.
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Seller's Proportionate Share means a fraction, the numerator of which shall be the number of days from the rent commencement date of a Lease Cost Transaction to (but not including) the Closing Date and the denominator of which shall be the number of days from the rent commencement date of such Lease Cost Transaction to the stated expiration date of the Lease.
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Seller's Proportionate Share means (i) 30% of 95% of any such liability arising out of any claim by a party now pending or hereafter brought, seeking in whole or in part any amounts paid or to be paid by the United States in connection with the Goodwill Litigation, and (ii) 30% at 100% of any such liability arising out of any claim by a party other than the Holding Company or the Bank challenging the validity or effect of the Shareholder Rights Agreement or otherwise directly or indirectly related to or arising out of or in connection with the Goodwill Litigation or Shareholder Rights Agreement (to the extent not covered by subsection (i) above).
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Examples of Seller's Proportionate Share in a sentence

  • If the commencement date or effective date of any Lease Cost Transaction shall occur subsequent to the date hereof but prior to the Closing Date, Seller shall pay and be responsible for Seller's Proportionate Share (hereinafter defined) of Leasing Costs incurred in connection therewith and Purchaser shall pay and be responsible for the balance of such Leasing Costs.

  • During this period both the collection of damages by the Company and the collection of the debt and/or interests by COFIDE remain suspended.

  • To the extent the accrual on the Company's Closing Balance Sheet for such rebates and bonuses is less than the Seller's Proportionate Share of such rebates and bonuses, the Seller shall pay the Purchaser the deficiency within 30 days of the Purchaser's request provided such request contains supporting documentation and provided that any Dispute regarding payment is first resolved pursuant to section 8 of this Agreement.

  • For purposes of this Section 9.5, a Seller's Proportionate Share of Damages shall be the percentage of the Damages calculated as the quotient, the numerator of which shall be the Seller's Allocable Share of the Stock and the denominator of which shall be 83,203.

  • Sellers (based on each Seller's Proportionate Share) each shall bear one-half of the fees, costs and expenses of the accounting firm retained to resolve any objection under Section 2.07(a).

  • Prior to the issuance of any building permits, the Owner/Permittee shall obtain an Encroachment Maintenance Removal Agreement, from the City Engineer, for the sidewalk underdrains and trees/landscaping on Paseo Del Ocaso.

  • If the Purchase Price is greater than the Estimated Purchase Price (such amount, the “Purchase Price Excess”), then Buyer shall pay to the Sellers (in accordance with each Seller's Proportionate Share) an amount equal to the amount of such Purchase Price Excess.

  • Delivery to each Seller of a secured promissory note of Buyer in a principal amount which represents each such Seller's Proportionate Share, of a principal sum totaling One Million Five Hundred Thousand Dollars ($1,500,000).

  • For purposes of this Section 15.6, the term "Seller's Proportionate Share" shall mean a fraction, the numerator of which shall be the number of days from the rent commencement date of a Lease Cost Transaction to (but not including) the Closing Date and the denominator of which shall be the number of days from the rent commencement date of such Lease Cost Transaction to the stated expiration date of the Lease.

  • As additional Purchase Price for the Shares, at the Closing Buyer shall pay, by wire transfer of funds to each Seller an amount equal to the Seller's Proportionate Share of all of the cash that the Company has on hand or in banks on the Closing Date.


More Definitions of Seller's Proportionate Share

Seller's Proportionate Share means the percentage obtained by dividing the number of days in an Allocable Period that Romaco was owned by Seller by the total number of days in the Allocable Period.
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Seller's Proportionate Share means, with respect to each Seller, a percentage that is equal to the percentage set forth opposite such Seller’s name on Exhibit A under the heading “Seller’s Proportionate Share”.
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Seller's Proportionate Share means the percentage tenant-in-common ownership interest in the Property at issue owned by Seller.
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Seller's Proportionate Share has the meaning given in Clause ‎3.1.1;
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Seller's Proportionate Share means 40%.
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Seller's Proportionate Share has the meaning set out on Schedule 16.7.
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Related to Seller's Proportionate Share

  • Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.

  • Proportionate Share means, with respect to any Lender, the percentage obtained by dividing (a) the Commitment (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of such Lender then in effect by (b) the sum of the Commitments (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of all Lenders then in effect.

  • Proportionate Percentage means, with respect to any Stockholder as of any date, the result (expressed as a percentage) obtained by dividing (i) the number of shares of Common Stock owned by such Stockholder as of such date by (ii) the total number of shares of Common Stock outstanding as of such date.

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Tenant’s Pro Rata Share are both subject to adjustment as provided in this Lease. Definition or Provision Means the Following (As of the Term Commencement Date} Approximate Rentable Area of Premises 11,173 square feet Approximate Rentable Area of Project 67,998 square feet Tenant’s Pro Rata Share of Project 16.43%

  • Proportionate Liability means the proportion of any judgment that, had the Settling Defendants not settled, the Ontario Court or Quebec Court, as applicable, would have apportioned to the Releasees.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Allocable Share means allocable share as that term is defined in the master settlement agreement.

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following:

  • Percentage Share means the percentage of the Aggregate Commitments to be provided by a Lender under this Agreement as indicated on Annex I hereto, as modified from time to time to reflect any assignments permitted by Section 12.06(b).

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Management Expenses means the costs, charges and expenses necessarily and reasonably incurred or to be incurred for the management and maintenance of the Land and the Building and the Common Areas and Facilities therein to be borne by the Owners including the remuneration of the Manager as provided in this Deed;

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Reasonable Operating Expenses means expenses that arise from the operation, maintenance and routine repair of the Project, including all payments and deposits required under this Agreement and any of the Loan Documents, and that comply with the requirements of 24 C.F.R. 232.1007, or successor regulation.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Independent expenditure means an expenditure by a person:

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Cost Share means the member’s financial obligation for a covered service. Depending on the plan type, cost-share may include one or more of the following: deductible, copay, access fee, coinsurance, pharmacy deductible, and precertification charges.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.