Marketing Period Adjustment Sample Clauses

Marketing Period Adjustment. (i) This Section 17.3(c)(i) shall apply only to a sale of the Equipment to a third party or Lessee during the Marketing Period pursuant to Section 17.3(b) hereof. If the Net Proceeds of Sale for the Equipment are less than the Termination Value, Lessee shall, at the time of such sale, pay to Lessor in immediately available funds an amount equal to the deficiency between such Net Proceeds of Sale and Termination Value as an adjustment to the Rent payable under this Lease, provided, however, that if no Unmatured Lease Default or Lease Event of Default shall have occurred and be continuing hereunder, the amount of the deficiency payable by Lessee with respect to the Equipment shall not exceed the Maximum Lessee Risk Amount. If the Net Proceeds of Sale for the Equipment equal or exceed Termination Value, Lessor shall pay the amount of any such excess to Lessee solely from any such proceeds.
Sample 1
AutoNDA by SimpleDocs

Related to Marketing Period Adjustment

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • 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.

  • CPI Adjustment The fixed fees and other fees expressed as stated dollar amounts in this schedule and in the Agreement shall be increased annually commencing on the one-year anniversary date of the Effective Date by the percentage increase since the Effective Date 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.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Downward Adjustments The Purchase Price shall be adjusted downward by the following:

  • Upward Adjustments The Purchase Price shall be adjusted upward by 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.

  • Business Day Adjustment If the day by which a payment is due to be made is not a Business Day, that payment shall be made by the next succeeding Business Day unless that next succeeding Business Day falls in a different calendar month, in which case that payment shall be made by the Business Day immediately preceding the day by which such payment is due to be made.

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Audit Adjustment If any audit of the records, books or accounts relating to the Properties discloses an overpayment or underpayment of Management Fees, Owner or Manager shall promptly pay to the other party the amount of such overpayment or underpayment, as the case may be. If such audit discloses an overpayment of Management Fees for any fiscal year of more than the correct Management Fees for such fiscal year, Manager shall bear the cost of such audit.

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