Allocation Units Sample Clauses

Allocation Units. The Contract Demand allocation units used to calculate the illustrative tolls for 2018 set out in Appendix D are the forecast of allocation units in Zones 3 and 4 for 2018 set out in Appendix E. Any variance in Contract Demand revenue in 2018 arising from any difference between the forecast and actual Contract Demand allocation units in Zones 3 and 4 that are used to fix the term differentiated firm service tolls for 2018 will be recorded in the Contract Demand Deferral Account for amortization in 2019. The Contract Demand allocation units used to calculate the tolls for 2019 will be forecast by Westcoast at the time it applies to the Board for approval of the 2019 tolls. Westcoast will review the 2019 forecast of Contract Demand allocation units with the Stakeholders with the intention that Westcoast and the Stakeholders will agree on the forecast. Any variance in Contract Demand revenue in 2019 arising from any difference between the forecast and actual Contract Demand allocation units in Zones 3 and 4 that are used to fix the term differentiated firm service tolls for 2019 will be recorded in the Contract Demand Deferral Account for amortization in 2020.
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Allocation Units. The Contract Demand allocation units used to calculate the tolls for 2008 set out in Appendix E are the forecast of allocation units in Zones 3 and 4 for 2008 set out in Appendix F. Any variance in Contract Demand revenue in 2008 arising from any difference between the forecast and actual Contract Demand allocation units in Zones 3 and 4 that are used to fix the term differentiated firm service tolls for 2008 will be recorded in the Contract Demand Deferral Account for amortization in 2009. The Contract Demand allocation units used to calculate the tolls for 2009 and 2010 will be forecast by Westcoast at the time it applies to the Board for approval of the 2009 and 2010 tolls, respectively. Westcoast will review the 2009 and 2010 forecast of Contract Demand allocation units with the Stakeholders with the intention that Westcoast and the Stakeholders will agree on the forecast. Any variance in Contract Demand revenue in 2009 or 2010 arising from any difference between the forecast and actual Contract Demand allocation units in Zones 3 and 4 that are used to fix the term differentiated firm service tolls for 2009 and 2010 will be recorded in the Contract Demand Deferral Account for amortization in 2010 and 2011, respectively.
Sample 1

Related to Allocation Units

  • Allocation Following the Closing, Purchaser shall prepare and deliver to Sellers an allocation of the aggregate consideration among Sellers and, for any transactions contemplated by this Agreement that do not constitute an Agreed G Transaction pursuant to Section 6.16, Purchaser shall also prepare and deliver to the applicable Seller a proposed allocation of the Purchase Price and other consideration paid in exchange for the Purchased Assets, prepared in accordance with Section 1060, and if applicable, Section 338, of the Tax Code (the “Allocation”). The applicable Seller shall have thirty (30) days after the delivery of the Allocation to review and consent to the Allocation in writing, which consent shall not be unreasonably withheld, conditioned or delayed. If the applicable Seller consents to the Allocation, such Seller and Purchaser shall use such Allocation to prepare and file in a timely manner all appropriate Tax filings, including the preparation and filing of all applicable forms in accordance with applicable Law, including Forms 8594 and 8023, if applicable, with their respective Tax Returns for the taxable year that includes the Closing Date and shall take no position in any Tax Return that is inconsistent with such Allocation; provided, however, that nothing contained herein shall prevent the applicable Seller and Purchaser from settling any proposed deficiency or adjustment by any Governmental Authority based upon or arising out of such Allocation, and neither the applicable Seller nor Purchaser shall be required to litigate before any court, any proposed deficiency or adjustment by any Taxing Authority challenging such Allocation. If the applicable Seller does not consent to such Allocation, the applicable Seller shall notify Purchaser in writing of such disagreement within such thirty (30) day period, and thereafter, the applicable Seller shall attempt in good faith to promptly resolve any such disagreement. If the Parties cannot resolve a disagreement under this Section 3.3, such disagreement shall be resolved by an independent accounting firm chosen by Purchaser and reasonably acceptable to the applicable Seller, and such resolution shall be final and binding on the Parties. The fees and expenses of such accounting firm shall be borne equally by Purchaser, on the one hand, and the applicable Seller, on the other hand. The applicable Seller shall provide Purchaser, and Purchaser shall provide the applicable Seller, with a copy of any information described above required to be furnished to any Taxing Authority in connection with the transactions contemplated herein.

  • Allocations The profits and losses of the Company shall be allocated to the Members in accordance with their Percentage Interests from time to time.

  • Tax Allocations Code Section 704(c).

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

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