Proportionate Escrow Interest Sample Clauses

Proportionate Escrow Interest. The "Proportionate Escrow Interest" applicable to each holder of record of Lanacom Common Shares (each, a "Holder in Escrow") as of immediately prior to the Closing Time, shall mean the quotient obtained by _____________________________.
Sample 1
AutoNDA by SimpleDocs
Proportionate Escrow Interest. The "Proportionate Escrow ----------------------------- -------------------- Interest," applicable to each Major Company Stockholder, shall mean the --------- quotient obtained by dividing (x) the total number of shares of Company Class A Common Stock held of record by such holder, by (y) the total number of shares of Company Class A Common Stock held of record by all the Major Company Stockholders, in each case, as of immediately prior to the Effective Time.
Sample 1
Proportionate Escrow Interest. A Company shareholder's ----------------------------- "Proportionate Escrow Interest," applicable to each holder of record of Company ----------------------------- Capital Stock as of immediately prior to the Effective Time, shall mean the quotient obtained by dividing (x) the total number of shares of Company Common Stock held of record by such holder as of immediately prior to the Effective Time plus the total number of shares of Company Common Stock issuable upon conversion of all Company Preferred Stock held of record by such holder as of immediately prior to the Effective Time, by (y) the total number of shares of Company Common Stock outstanding as of immediately prior to the Effective Time plus the total number of shares of Company Common Stock issuable upon conversion of all Company Preferred Stock outstanding as of immediately prior to the Effective Time.
Sample 1
Proportionate Escrow Interest. The "Proportionate Escrow Interest" applicable to each holder of record of Lanacom Common Shares (each, a "Holder in Escrow") as of immediately prior to the Closing Time, shall mean the quotient obtained by dividing (x) the total number of Lanacom Common Shares held of record by such holder as of immediately prior to the Closing Time, by (y) the total number of Lanacom Common Shares outstanding as of immediately prior to the Closing Time.
Sample 1

Related to Proportionate Escrow Interest

  • Proportionate Amounts Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned.

  • Proportionate Share The term "Proportionate Share" shall mean each Stockholder's respective percentage ownership interest in the Company as set forth on Exhibit A.

  • Additional Escrow Amounts On the date of any Purchase Withdrawal, the Pass Through Trustee may re-deposit with the Depositary some or all of the amounts so withdrawn in accordance with Section 2.4 of the Deposit Agreement.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Straddle Period Allocation For purposes of this Agreement, in the case of any Tax imposed with respect to a Straddle Period, the portion of such Tax that is allocable to the portion of such Straddle Period ending on the Closing Date shall be (i) in the case of any Taxes other than Income Taxes, Taxes based on receipts, sales or payments and other Taxes that are transaction based, be deemed to be the amount of such Tax for the entire Straddle Period multiplied by a fraction, the numerator of which is the number of days in the Straddle Period prior to and ending on the Closing Date and the denominator of which is the number of days in the entire Straddle Period and (ii) in the case of any Income Taxes and Taxes based on receipts, sales or payments and other Taxes that are transaction based, be deemed equal to the amount which would be payable if the relevant Straddle Period ended on the Closing Date, provided that all permitted allowances, credits, exemptions and deductions that are normally computed on the basis of an entire year period (such as depreciation and amortization deductions) shall accrue on a daily basis and shall be allocated between the pre-Closing portion of the Straddle Period and the post-Closing portion of the Straddle Period in proportion to the number of days in each such period.

  • Pro Rata Allocation 37 Prospectus....................................................................................37

  • Tenant’s Proportionate Share [15%]. Such share is a fraction, the numerator of which is the Rentable Area of the Premises, and the denominator of which is the Rentable Area of the Project, as determined by Landlord from time to time. The Project consists of one building containing a total Rentable Area of 30,000 square feet.

  • Expenses and Interest If, after a Change in Control of the Company, (a) a dispute arises with respect to the enforcement of the Executive’s rights under this Agreement or (b) any legal or arbitration proceeding shall be brought to enforce or interpret any provision contained herein or to recover damages for breach hereof, in either case so long as the Executive is not acting in bad faith, then the Company shall reimburse the Executive for any reasonable attorneys’ fees and necessary costs and disbursements incurred as a result of the dispute, legal or arbitration proceeding (“Expenses”), and prejudgment interest on any money judgment or arbitration award obtained by the Executive calculated at the rate of interest announced by U.S. Bank National Association, Minneapolis, Minnesota, from time to time at its prime or base lending rate from the date that payments to him or her should have been made under this Agreement. Within ten days after the Executive’s written request therefore (but in no event later than the end of the calendar year following the calendar year in which such Expense is incurred), the Company shall reimburse the Executive, or such other person or entity as the Executive may designate in writing to the Company, the Executive’s reasonable Expenses.

  • Escrow Item Payments Where (a) the Servicer has been collecting Escrow Funds with respect to a Mortgage Loan, or (b) the Borrower has not been obliged to make Escrow Funds payments or such payments have been waived and such Borrower has failed to timely pay obligations which otherwise would be Escrow Items, the Servicer must pay any obligation (i) which could become a first lien on the related Mortgaged Property, or (ii) to maintain in force the applicable Insurance Policies. Where Escrow Funds are maintained by the Servicer, such obligations should be paid from the Borrower's Escrow Funds, or in accordance with Section 10.2.3 hereof.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!