Effective Date Adjustment Sample Clauses

Effective Date Adjustment. If the Estimated Effective Date Net Working Capital is less than zero, then the Purchase Price will be reduced (first, through an adjustment to the Promissory Note, and, to the extent the Promissory Note is reduced to zero, by a reduction of the Closing Date Cash Consideration) by an amount equal to the absolute value of such shortfall (a “Working Capital Underage”). If the Estimated Effective Date Net Working Capital is greater than zero, then the Purchase Price will be increased (through an adjustment to the Closing Date Cash Consideration) by an amount equal to such excess (a “Working Capital Overage”). If the Estimated Effective Date Net Working Capital is zero, then the Purchase Price will not be adjusted pursuant to this Section 2.3(b), but may be subject to adjustment as otherwise provided in this Section 2.3. The adjustments made at Closing pursuant to this Section 2.3(b) are subject to subsequent adjustment as provided in Sections 2.3(f)(i) and 2.3(f)(ii).
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Effective Date Adjustment. On the Effective Date, the Conversion Price shall be immediately and permanently adjusted to equal the lesser of (i) the then Conversion Price and (ii) 80% of the average of the Closing Prices on the 10 Trading Days immediately preceding the Effective Date.
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Effective Date Adjustment. Effective April 1, 2014 Increase hourly rate by 2.50% Effective April 1, 2015 Increase hourly rate by 2.50% Effective April 1, 2016 Increase hourly rate by 2.00%
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Effective Date Adjustment. (i) At Closing, Seller shall provide Buyer with an estimated balance sheet of the Company as of the open of business on the Effective Date (the “Closing Balance Sheet”) and a statement of the estimated Closing Working Capital. “Closing Working Capital” means (x) the sum of the non-cash and cash current assets of the Company Parties and the cash of the Company Parties that exceeds two hundred fifty thousand dollars ($250,000), less (y) the current liabilities of the Company Parties. Prior to the Closing, Seller shall have removed all cash from the Company, except for two hundred fifty thousand dollars ($250,000) (“Seller Loan”) which Seller will provide at Closing, through cash immediately available to the Seller including any of the Purchase Price being paid by Buyer, as a loan to Company and which shall not be considered in the calculation of the Company’s Closing Working Capital. The calculation of Closing Working Capital shall not include Company Indebtedness to be paid at Closing as provided in Subsection 2(b) above.
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Effective Date Adjustment. (a) Within sixty (60) days following the Closing Date, KMI shall deliver to KMEP a statement (the “Adjustment Statement”), which shall set forth KMI’s calculation of the Distribution Amount and the Capital Contribution Amount. For purposes of this Agreement, (a) “Capital Contribution Amount” means (i) as to EPNG, an amount equal to 50% of the sum of all capital contributions made to EPNG on or after the Effective Date and prior to the Closing Date and (ii) as to TGPC, an amount equal to 100% of the sum of all capital contributions made to TGPC on or after the Effective Date and prior to the Closing Date, and (b) “Distribution Amount” means (i) as to EPNG, an amount equal to 50% of any cash distributions made by EPNG after the Effective Date and prior to Closing that are attributable to the operations of EPNG and its subsidiaries after the Effective Date and (ii) as to TGPC, an amount equal to 100% of any cash distributions made by TGPC after the Effective Date and prior to Closing that are attributable to the operations of TGPC and its subsidiaries after the Effective Date.
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Related to Effective Date Adjustment

  • Fee Adjustment Fees as provided in this Agreement to be charged to residents of Joplin and the City pursuant to this Agreement may be adjusted based upon the AARC's change in costs subsequent to the previous adjustment. Any individual fee increases will be adjusted only to the extent of an increase in the Consumer Price Index (St. Louis -All Urban Consumers), utilizing the December 12 month period index from the previous year. If a fee increase request is in excess of the Consumer Price Index the city may request to review data on actual costs of each service if needed to document cost increases. In the event an adjustment to documented cost is warranted, AARC shall provide written notice thereof with supporting documentation, by no later than May 1 of each year. All increases shall be subject to annual appropriation by the Joplin City Council. City shall have thirty (30) days to review and request additional supporting documentation. In the event the parties are unable to agree to the cost adjustment, either party shall be entitled to terminate this Agreement as provided herein.

  • Rate Adjustment a) An employee who is set back to a lower paid job because of mechanization, technological change or automation will receive the rate of his/her regular job at the time of the setback for a period of three (3) months and for a further period of three (3) months he/she will be paid an adjusted rate which will be midway between the rate of his/her regular job at the time of the setback and the rate of his/her new regular job. At the end of this six (6) month period the rate of his/her new job will apply. However, such employee will have the option of terminating his/her employment and accepting severance pay as outlined in Section 3 below, providing he/she exercises this option within the above referred to six (6) month period. b) Following an application of a) above, where an employee is set back to a lower paid job because of an application of Article VIII - Seniority brought on by mechanization, technological change or automation he/she will receive the rate of his/her regular job at the time of the setback for a period of three (3) months and for a further three (3) months he/she will be paid an adjusted rate which will be midway between the rate of his/her regular job at the time of the setback and the rate of his/her new regular job. At the end of this six (6) month period the rate of his/her new regular job will apply.

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable.

  • 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:

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. 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 actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Rate Adjustments 1. Taxes applicable to the gas delivered to Buyer hereunder as are in effect on January 1st immediately preceding the effective date of these terms and conditions shall be added to Buyer's xxxx. The term 'tax' as used herein shall mean any tax, license fee, or charge applicable to the gas delivered hereunder, imposed on Seller by any govemmental authority on such gas. If the existing rate of any such tax in effect on January 1st, Immediately preceding the effective date of these terms and conditions, be hereafter increased or decreased, or if any tax heretofore in effect or hereafter be imposed or repealed, the resulting increase or decrease in such taxes, computed on a cents per dekatherm basis, shall be reflected, as the case may be, on Buyer's xxxx. 2. Any applicable surcharge or special charges ordered by the Commission or any other duly constituted regulatory body shall be included in addition to the price of gas computed in accordance with the terms of the Service Agreement.

  • Increment Date for Salary Grid Placement Upon achieving one (1) year of experience, an increment shall be awarded on the first of the month following the month in which the experience accumulation is earned.

  • Effective Date and Allocations If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date.

  • Effective Date Deliveries On the Effective Date, the Company shall have delivered to the Representative executed copies of the Trust Agreement, the Warrant Agreement, the Registration Rights Agreement, all of the Insider Letters and the Subscription Agreement.

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