Interim Closing. Each of the parties hereto who is a Partner pursuant to the Fourth Partnership Agreement prior to this Amendment agrees that it will be allocated income or loss for tax purposes pursuant to an interim closing of the books as of the date hereof pursuant to the relevant provisions of the Fourth Partnership Agreement.
Interim Closing. Acquirors and Sellers shall use commercially reasonable efforts to cause any applicable TGE Entity to allocate all items of its income, gain, loss, deduction and credit allocable to the applicable Subject Interests between Acquirors and Sellers based on the “interim closing method” under Section 706 of the Code and the Treasury Regulations thereunder.
Interim Closing. The Interim Closing shall be for $400,000 aggregate principal amount of Debentures, and shall occur on or before the third (3rd) Trading Day following the Registration Statement Filing Date.
Interim Closing. Acquiror and Seller shall use commercially reasonable efforts to cause any applicable SRLP Entity to allocate all items of its income, gain, loss, deduction and credit allocable to the applicable Subject Interests based on the “interim closing method” as of the Closing Date under Section 706 of the Code and the Treasury Regulations thereunder.
Interim Closing. In the event that during any calendar month (or any fiscal year) there is any change of Partners or Partnership Points (whether as a result of the admission of an Additional Limited Partner, the redemption by the Partnership of any Partnership Points, a transfer of any Partnership Points or otherwise, but not as a result of vesting in accordance with the provisions of Exhibit A of Partnership Points issued upon execution of the agreement or in accordance with Section 6.5(e), the following shall apply: (i) the books of account of the Partnership shall be closed effective as of the close of business on the date of any such change and such month (or fiscal year) shall thereupon be divided into two or more portions, (ii) each item of income, gain, loss and deduction shall be determined (on the closing of the books basis) for the portion of such month (or fiscal year) ending with the date on which the books of account of the Partnership are so closed, and (iii) each such item for such portion of such month (or fiscal year)
Interim Closing. On or before November 6, 1998 HVI shall deliver to the Company $1,000,000, in immediately available funds and in exchange receive a certificate representing 333,333 Shares of the Common Stock therefore (the "Interim Closing"). The performance by HVI of its obligations under this Section 2.2 is a condition precedent to all further obligations of the Company under this Agreement.
Interim Closing. The Interim Closing shall have taken place.
Interim Closing. The Parties agree that no later than December 31, 2004, they shall have executed the Spectrum Lease Agreement and the Management Agreement, and Seller shall have provided to Buyer all equipment and other information required under the Spectrum Lease Agreement and the Management Agreement (the "Interim Closing"). The date of such Interim Closing shall be referred to herein as the "Interim Closing Date."
Interim Closing. At the Interim Closing, the Buyer shall deliver to the Sellers:
(i) an amount in cash (the “Interim Closing Cash Payment”) equal to (A) the Interim Closing Purchase Price, minus (B) the amount of the Estimated Interim Closing Net Working Capital Deficit, if any, plus (C) the amount of the Estimated Interim Closing Net Working Capital Surplus, if any, minus (D) the amount of the Estimated Interim Closing Other Third-Party Brand Deficit, if any, plus (E) the amount of the Estimated Interim Closing Other Third-Party Brand Surplus, if any, minus (F) the amount of the Estimated Interim Closing DP Deficit, if any, plus (G) the amount of the Estimated Interim Closing DP Surplus, if any, minus (H) the amount of the Estimated Interim Closing DP COGS Adjustment Deficit, if any, plus (I) the amount of the Estimated Interim Closing DP COGS Adjustment Surplus, if any, minus (J) the amount of the Estimated Interim Closing Residual Transferred Assets Deficit, if any, plus (K) the amount of the Estimated Interim Closing Residual Transferred Assets Surplus, if any, minus (L) the amount of the Estimated Interim Closing Other Assets and Liabilities Deficit, if any, plus (M) the amount of the Estimated Interim Closing Other Assets and Liabilities Surplus, if any, minus (N) the Estimated Interim Closing Retained Assets Amount, plus (O) the Estimated Interim Closing Retained Liabilities Amount, by wire transfer in immediately available funds, to an account or accounts as directed by the Sellers, provided that the Sellers will designate such account or accounts no later than three (3) Business Days prior to the anticipated Interim Closing Date;
(ii) the Interim Closing Xxxx of Sale, Assignment and Assumption Agreement, duly executed by the Buyer;
(iii) the other documents and certificates required to be delivered pursuant to Section 7.02(b).
Interim Closing. To the extent allowable under the C&O Agreement, all items of income, gain, loss, deduction, and credit of the Tax Partnership attributable to the Assets for the taxable year of the Tax Partnership that includes the Effective Date shall be allocated between Buyer and Seller under the interim closing of the books method in accordance with Treas. Reg. § 1.706-1(c)(2). Purchase and Sale Agreement 15 November 2011