Basis for Adjustment Sample Clauses

Basis for Adjustment. The Cash Purchase Price shall adjusted according to the following procedures:
Sample 1
AutoNDA by SimpleDocs
Basis for Adjustment. The Cash Purchase Price shall be increased by the amount, if any, by which the Purchased Assets, as shown on the Closing Report, less the Assumed Liabilities, as shown on the Closing Report, (such difference being the "Net Assets") is greater than $47,389,141 and decreased by the amount, if any, by which Net Assets is less than $47,389,141.
Sample 1
Basis for Adjustment. The amount of the Purchase Price shall be -------------------- reduced at Closing by the amount, if any, by which the Net Worth of the Company on the Closing Date is less than the sum of $4,747,436.00, as determined in accordance with the procedures hereinafter set forth. In the event of any reduction in the Purchase Price pursuant to this Section, the amount of the reduction shall be applied to reduce the amount of the Buyer Note and the cash payment at Closing on a proportionate basis.
Sample 1
Basis for Adjustment. Extensions or reductions to the Contract Time may be provided by Construction Order, however, such extensions or reductions will be allowed only to the extent that the increase or decrease in the Work or delays of the types indicated below affect the Critical Path of the current approved Progress Schedule update and the Completion of the Work and/or Substantial Completion Dates provided in Subsection 108.10. However, when the Finish Milestone(s) for the Substantial Completion Date or Completion of the Work Date identified on the current approved schedule is a date or dates prior in time to the dates specified in the Contract, the Department will consider the time between the dates projected in the schedule and that in the Contract as constituting float in the schedule which shall offset the amount of allowable delay contributable to the actions of the Department, third parties, or the Contractor, or caused by a combination of those factors, and other factors beyond the control of the Contractor as determined by the Department which ever first occurs. An extension will also provide only for those Working Days adversely impacted where operations were on an approved schedule, including all shifts of Work. No extension can be requested unless all submittals and approvals have been completed as specified in Subsection 108.04. The Contractor may be granted an extension of Contract Time and not be assessed liquidated damages for any portion of the delay beyond the Completion of the Work and/or Substantial Completion Dates as specified in Subsection 108.10 caused by reasons beyond the control and without the fault or negligence of the Contractor, and subject to all due diligence by the Contractor to avoid and mitigate the delay. Reasons may include, but are not restricted to, those provided for in the Specifications and the following:
Sample 1
Basis for Adjustment. ✓ Routine baseline adjustments
Sample 1

Related to Basis for Adjustment

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Tax Adjustment Tenant shall pay as additional rent for each Calendar Year that amount (the "Tax Adjustment Amount") which is Tenant's Proportionate Share of the amount by which the Taxes incurred with respect to such Calendar Year exceed the Tax Base Amount. The Tax Adjustment Amount with respect to each Calendar Year shall be paid in monthly installments, in an amount estimated from time to time by Landlord and communicated by written notice to Tenant. Following the close of each Calendar Year, Landlord shall cause the amount of the Tax Adjustment Amount for such Calendar Year to be computed based on Taxes for such Calendar Year and Landlord shall deliver to Tenant a statement of such amount and Tenant shall pay any deficiency as shown by such statement to Landlord within 30 days after receipt of such statement. If the total of the estimated monthly installments paid by Tenant during any Calendar Year exceeds the actual Tax Adjustment Amount due from Tenant for such Calendar Year, then, at Landlord's option such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder. The amount of any refund of Taxes received by Landlord shall be credited against Taxes for the year in which such refund is received. In determining the amount of Taxes for any year, the amount of special assessments to be included shall be limited to the amount of the installment (plus any interest payable thereon) of such special assessment required to be paid during such year as if the Landlord had elected to have such special assessment paid over the maximum period of time permitted by law; if the authority to whom such assessment is to be paid shall not permit such assessment to be paid in installments, the amount of such assessment shall be treated as being amortized over such number of calendar years, beginning with the Calendar Year in which the assessment is payable, as Landlord shall reasonably determine, with interest at the rate of 15% per annum on the unamortized amount, and such amortization and interest for each Calendar Year shall be included in Taxes for that Calendar Year.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Basis for Award The Award is made under the Plan pursuant to Section 6(f) thereof.

  • Section 754 Adjustment To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Holder in complete liquidation of his interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Holders in accordance with their interests in the Partnership in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Holders to whom such distribution was made in the event that Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

Time is Money Join Law Insider Premium to draft better contracts faster.