Subscriber Adjustment Amount means, with respect to each Specified Business, the product of (i) Purchase Price Per Subscriber multiplied by (ii) if (A) the absolute value of the Subscriber Change is less than or equal to the Subscriber Basket, zero and (B) the absolute value of the Subscriber Change is greater than the Subscriber Basket, (1) if the Subscriber Change is a negative amount, the sum of the Subscriber Change plus the Subscriber Basket for such Specified Business and (2) if the Subscriber Change is a positive amount, the sum of the Subscriber Change minus the Subscriber Basket for such Specified Business.
Subscriber Adjustment Amount means an amount (which may be positive or negative) equal to the product of (x) $3,500 times (y) the Relative Percentage Amount times (z) the Transferred Base Subscriber Number. As used herein, the term “Relative Percentage Amount” means an amount (which shall be expressed as a percentage and may be positive or negative) equal to (i) the Retained Percentage (as defined below) minus (ii) the Transferred Percentage (as defined below). As used herein, the term “Retained Percentage” means a fraction (expressed as a percentage) the numerator of which is the number of Individual Subscribers of the TWE Retained Cable Systems as of the Closing Date (the “Retained Closing Subscriber Number”) and the denominator of which is the number of Individual Subscribers of the TWE Retained Cable Systems as of the date that is 12 months prior to the Closing Date (the “Retained Base Subscriber Number”). As used herein, the term “Transferred Percentage” means a fraction (expressed as a percentage) the numerator of which is (A) the number of Individual Subscribers of the Transferred Systems as of the Closing Date minus the number of Individual Subscribers of the Transferred Systems acquired pursuant to any Excluded SMATV Acquisition (the “Transferred Closing Subscriber Number”) and the denominator of which is the number of Individual Subscribers of such Transferred Systems as of the date that is 12 months prior to the Closing Date (the “Transferred Base Subscriber Number”). 30
Subscriber Adjustment Amount means an amount (which may be positive or negative) equal to the sum of the (A) product of (x) $3,500 times (y) the Original Relative Percentage Amount times (z) the Original Transferred Base Subscriber Number plus (B) (x) $3,500 times (y) the Designated Relative Percentage Amount times (z) the Designated Transferred Base Subscriber Number. As used herein, the term "Original Relative Percentage Amount" means an amount (which shall be expressed as a percentage and may be positive or negative) equal to (i) the Original Retained Percentage (as defined below) minus (ii) the Original Transferred Percentage (as defined below). As used herein, the term "Original Retained Percentage" means a fraction (expressed as a percentage) the numerator of which is the number of Individual Subscribers of the Time Warner Cable Retained Cable Systems as of the Closing Date (the "Retained Closing Subscriber Number") and the denominator of which is the number of Individual Subscribers of the Time Warner Cable Retained Cable Systems as of July 31, 2004 (the "Original Retained Base Subscriber Number"). As used herein, the term "Original Transferred Percentage" means a fraction (expressed as a percentage) the numerator of which is (A) the number of Individual Subscribers of the Original Systems as of the Closing Date minus (B) the number of Individual Subscribers of the Original Systems acquired pursuant to any Excluded SMATV Acquisition (the "Original Transferred Closing Subscriber Number") and the denominator of which is the number of Individual Subscribers of such Original Systems as of July 31, 2004 (the "Original Transferred Base Subscriber Number"). As used herein, the term "Designated Relative Percentage Amount" means an amount (which shall be expressed as a percentage and may be positive or negative) equal to (iii) the Designated Retained Percentage (as defined below) minus (iv) the Designated Transferred Percentage (as defined below). As used herein, the term "Designated Retained Percentage" means a fraction (expressed as a percentage) the numerator of which is Retained Closing Subscriber Number and the denominator of which is the number of Individual Subscribers of the Time Warner Cable Retained Cable Systems as of December 31, 2004 (the "Designated Retained Base Subscriber Number"). As used herein, the term "Designated Transferred Percentage" means a fraction (expressed as a percentage) the numerator of which is (A) the number of Individual Subscribers of the Designated S...
Examples of Subscriber Adjustment Amount in a sentence
The sum of the Estimated Subscriber Adjustment Amount and the Estimated Closing Net Liabilities Adjustment Amount is referred to herein as the "Estimated Closing Adjustment Amount" and may be a positive or a negative amount.
The Subscriber Adjustment Amount and Current Items Amount (collectively, the "Adjustment Amounts"), shall be estimated in good faith by Seller and set forth, together with a detailed statement of the calculation thereof, in a certificate executed by the Chief Financial Officer of Seller and delivered to Buyer not later than ten days prior to Closing (the "Initial Adjustment Certificate").
No later than two Business Days prior to the Closing Date, Time Warner Cable will deliver to Comcast Trust and Comcast Subsidiary a good faith estimate of the Subscriber Adjustment Amount (the "Estimated Subscriber Adjustment Amount"), if any, and a good faith estimate of the Closing Net Liabilities Adjustment Amount (the "Estimated Closing Net Liabilities Adjustment Amount"), if any, together with appropriate documentation supporting such estimates.
If on the Closing Date, the System has more than 31,500 Equivalent Basic Subscribers, the Purchase Price shall be increased by an amount equal to $2,071 for each Equivalent Basic Subscriber more than 31,500; provided no upward adjustment to the Purchase Price will be made for any Equivalent Basic Subscribers exceeding 31,850 (the amount of any adjustment pursuant to this Section 2.4 is the "Subscriber Adjustment Amount").
The sum of the Estimated Subscriber Adjustment Amount and the Estimated Closing Net Liabilities Adjustment Amount is referred to herein as the “Estimated Closing Adjustment Amount” and may be a positive or a negative amount.
More Definitions of Subscriber Adjustment Amount
Subscriber Adjustment Amount means, with respect to each Specified Business, the product of (i) Purchase Price Per Subscriber multiplied by (ii) if (A) the absolute value of the Subscriber Change is less than or equal to the Subscriber Basket, zero and (B) the absolute value of the Subscriber Change is greater than the Subscriber Basket, (1) if the Subscriber Change is a negative amount, the sum of the Subscriber Change plus the Subscriber Basket for such Specified Business and (2) if the Subscriber Change is a positive amount, the sum of the Subscriber Change minus the Subscriber Basket for such Specified
Subscriber Adjustment Amount means with respect to a Seller, the Subscriber Adjustment Amount for such Seller, as set forth in Schedule 1.1A.
Subscriber Adjustment Amount means the product of (i) the Purchase Price Per Customer multiplied by (ii) the excess, if any, of the Base Customer Number over the Closing Adjustment Customer Number.
Subscriber Adjustment Amount means, as of any date of determination, the lower of (i) $5,000,000 or (ii) the amount equal to the Net Subscriber Amount multiplied by $350; provided, that in the event that the Borrower ceases to implement a policy requiring (x) all "Account Spending Limit" Subscribers to maintain deposits with the Borrower equal to at least the credit spending limit available to such Subscribers and (y) the execution by all "non-Account Spending Limit" Subscribers of service contracts of at least one year, the "Subscriber Adjustment Amount" shall equal zero ($0).
Subscriber Adjustment Amount means an amount (which may be positive or negative) equal to the product of (x) $3,500 times (y) the Relative Percentage Amount times (z) the Transferred Base Subscriber Number. As used herein, the term "RELATIVE PERCENTAGE AMOUNT" means an amount (which shall be expressed as a percentage and may be positive or negative) equal to (i) the Retained Percentage (as defined below) minus (ii) the Transferred Percentage (as defined below). As used herein, the term "RETAINED PERCENTAGE" means a fraction (expressed as a percentage) the numerator of which is the number of Individual Subscribers of the Time Warner Cable Retained Cable Systems as of the Closing Date (the "RETAINED CLOSING SUBSCRIBER NUMBER") and the denominator of which is the number of Individual Subscribers of the Time Warner Cable Retained Cable Systems as of July 31, 2004 (the "RETAINED BASE SUBSCRIBER NUMBER"). As used herein, the term "TRANSFERRED PERCENTAGE" means a fraction (expressed as a percentage) the numerator of which is the number of Individual Subscribers of the Transferred Systems as of the Closing Date (the "TRANSFERRED CLOSING SUBSCRIBER NUMBER") and the denominator of which is the number of Individual Subscribers of such Transferred Systems as of July 31, 2004 (the "TRANSFERRED BASE SUBSCRIBER Number").
Subscriber Adjustment Amount means, with respect to a System, the Subscriber Adjustment Amount for such System, or, with respect to an Illinois System, the Subscriber Adjustment Amount for the applicable Illinois System Group, each as set forth in Schedule 1.1A.
Subscriber Adjustment Amount means, with respect to each Specified Business, the product of (i) Purchase Price Per Subscriber multiplied by (ii) if