Initial Allocations Sample Clauses
The 'Initial Allocations' clause defines how resources, responsibilities, or shares are distributed among parties at the outset of an agreement. It typically specifies the exact amounts, percentages, or roles assigned to each party when the contract begins, such as the initial ownership stakes in a joint venture or the division of project tasks. This clause ensures all parties have a clear understanding of their starting positions, reducing the risk of disputes and providing a transparent foundation for future collaboration or adjustments.
Initial Allocations. Each Series A Convertible CRA Shareholder shall provide to the Trust a certification of its Self-Defined Assessment Area. "Self-Defined Assessment Area" is the Series A Convertible CRA Shareholder's geographic self-defined assessment area or broader statewide or regional area that includes a Series A Convertible CRA Shareholder's self-defined assessment area for purposes of the CRA. Upon subscription for Series A Convertible CRA Shares, the Manager, on behalf of the Trust, shall notify the Series A Convertible CRA Shareholders of the CRA Credits allocated to such Shareholders' Series A Convertible CRA Shares based upon such Shareholder's Self-Defined Assessment Area. To the extent that upon the initial issuance of Series A Convertible CRA Shares by the Trust to a Series A Convertible CRA Shareholder, such Series A Convertible CRA Shareholder is not allocated the amount of Investments it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Shares (an "Unallocated Shareholder"), the Trust shall use its commercially reasonable efforts to acquire Investments after such issuance that satisfy such Unallocated Shareholders' Self-Defined Assessment Area. An investor of Series A Convertible CRA Shares which is allocated the amount of Investments which it has requested and is entitled to receive based on the initial purchase price paid for its Series A Convertible CRA Shares is referred to as a "Fully Allocated Shareholder".
Initial Allocations. Out of the aggregate net proceeds accruing from the Proposed Transaction, the Sellers shall make Initial Allocations at Closing as follows:
Initial Allocations. Net Income and Net Loss shall first be allocated as provided in this Section 6.2.A. Amounts allocated in the aggregate to the CRT/▇▇▇▇▇▇▇ Parties shall be further allocated among the CRT/▇▇▇▇▇▇▇ Parties as provided in Section 6.2.B. Amounts allocated in the aggregate to the holders of Class A Units shall be further allocated among such Persons as provided in Section 6.2.C.
Initial Allocations. The Sublease Base Rent will be allocated in the amounts and to the periods as set forth in Schedule A-3, column “b”, hereto (the “Allocated Rent”). Within each full or partial calendar year during the Basic Sublease Term (each, a “Rental Period”), Sublease Base Rent shall be allocated on a level basis by month and on a level daily basis within each month. It is the intention of the Sublessor and the Sublessee that the allocation of Sublease Base Rent to each Rental Period as provided in this Section 3.2(c)(i) constitutes a specific allocation of fixed rent within the meaning of Treasury Regulation section 1.467-1(c)(2)(ii).
Initial Allocations. The initial frequency allocations, channel assignments and Dial Locations for PEG Channels shall be as follows: PEG Entity Frequency Allocation (MHz)
Initial Allocations. The Total Permitted Density has been allocated with respect to each Use Category among the 17 Initial Parcels comprising the Land pursuant to the table set forth in Exhibit "H". An apportionment of allowable development density with respect to a Use Category is a "Development Allocation". The Development Allocations for the Initial Parcels are the amounts set forth in the columns entitled Initial Development Allocation on Exhibit "H". Future allocations and assignments of Development Allocation will be governed by the rules and procedures set forth below.
Initial Allocations. Initial individual claim values have been calculated for each collective class member using the following method: first, Class Counsel determined, for each workweek worked by each collective class member, the number of shifts worked and the hours recorded. Second, Class Counsel determined the total number of hours per workweek by adding 3/4 hour per shift to the hours recorded per workweek to get the “hours worked.” All additional hours that resulted in hours worked over 40 were “overtime.” Then, Class Counsel determined the overtime premium for each collective class member for each workweek. Because Defendant paid the collective class members on a biweekly basis, the weekly pay was estimated by dividing the biweekly pay in half. The regular rate was calculated by dividing the weekly pay by the hours worked, and the regular rate was multiplied by 50% to determine the overtime premium for each week. Class Counsel multiplied any overtime by the overtime premium to determine the overtime wages owed for each workweek. Class Counsel then compared the workweek when these overtime wages were earned to each collective class member’s opt-in date to determine whether the wages were within the three- year statute of limitations. All allegedly unpaid overtime wages within the three years prior to the collective class member’s consent filing amount to the potential full value of their claim. Each collective class member was then assigned a pro-rata percentage, calculated as the proportion of their individual full value claim to the total full value for all collective class members. This pro-rata percentage was multiplied by the available fund after accounting for attorneys’ fees and costs and requested service payments to determine the initial claim value for each collective class member. Notwithstanding, the individual allocation of qualifying class members shall be adjusted to ensure that the Settlement Fund total maximum limit of $350,000 is not exceeded.
Initial Allocations