the Third Share definition

the Third Share means Jonathan's expectant or presumptive share of the Trust Fund under clause 3 of the Settlement (and includes any accretions thereto) and the money investments and property from time to time representing the Third Share
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Examples of the Third Share in a sentence

  • The total STATE Share of Net Crude Oil in any Calendar Year shall be the sum of the STATE Share of Net Crude Oil determined with reference to the First Share Account, the Second Share Account and the Third Share Account for such calendar year.

  • Subject as aforesaid the First Share (together with any accrual thereto) shall accrue to the other share or shares of the Trust Fund (that is the Second Share and the Third Share) the trusts whereof shall not previously have failed or determined (otherwise than by absolute vesting) and if more than one rateably between them and every such accrual shall be held upon the same trusts and with and subject to the same powers and provisions as the original share or shares to which the same accrues.

  • In any Calendar Year when TSA(Y) is negative, the STATE's share of Net Crude Oil determined with reference to the Third Share Account shall be zero.

  • In any Calendar Year when TSA(Y) becomes positive, the CONTRACTOR for purposes of this section shall be deemed to have earned a pre-tax rate of return that is at least forty percent (40%), and the STATE's share of Net Crude Oil determined with reference to the Third Share Account shall be valued at an amount of Net Crude Oil equal to thirty and 769/1000 percent (30.769%) of TSA(Y).

  • The total STATE Share of Net Crude Oil in any Calendar Year shall be the sum of the STATE Share of Net Crude Oil determined with reference to the First Share Account, the Second Share Account and the Third Share Account for such Calendar Year.

  • The Second Option will terminate if the Third Share Issuance and the Third Expenditures are not completed on or before September 15, 2015.