Stub Period. The Landlord agrees that, if the scheduled expiration date of the initial term of the 88 Xxxxxx Lease should, pursuant to the terms and conditions thereof, be established as a date later than April 30, 2012, the Landlord shall, upon the Tenant’s request, agree to the extension of the Initial Term to include the Stub Period, and a confirmatory amendment to this Lease shall be entered into by the parties to memorialize the same at the time the parties confirm the commencement and expiration dates of the 88 Xxxxxx Lease.
Stub Period. The period from the Start Date through March 31, 2017 (for the avoidance of doubt, any bonus shall be paid on a pro rata basis)
Stub Period. The Rugged Liner Companies shall be required to file income tax returns for the period between the end of their 1997 fiscal years and the Effective Time. Prior to filing such tax returns, the Rugged Liner Companies shall allow Buyer and its representatives a reasonable time to review and comment on such filings.
Stub Period. Road Rescue shall be required to file income tax returns for the period between the end of its 1997 fiscal year and the Effective Time (the "STUB PERIOD"). Based on current trends and past experience, the parties anticipate the amount of income in the Stub Period to be approximately $0. However, if there is income in the Stub Period, Buyer shall cause the Surviving Corporation to distribute to the Shareholders an amount sufficient to cover the Shareholders' passed-through income taxes associated with Road Rescue's S-corporation income in the Stub Period.
Stub Period. The period from the Transition Date through March 31, 2015 (for the avoidance of doubt, any bonus shall be paid on a pro rata basis).
Stub Period. The Landlord agrees that, if the scheduled expiration date of the initial term of the 88 Sidnxx Xxxse should, pursuant to the terms and conditions thereof, be
Stub Period. The Original Term for the Existing Premises, which is currently scheduled to expire on September 17, 2016, is hereby extended for a fixed term (the “Stub Period”) commencing upon September 18, 2016 and expiring upon the Relocation Date (as defined below). During the Stub Period, Tenant shall (i) pay monthly Base Rent to Landlord for the Existing Premises in the amount of $5,002.00 per month, and (ii) continue to be responsible for paying Tenant’s Proportionate Share of Operating Expenses and Taxes for the Existing Premises in accordance with the terms of the Lease, as amended hereby. Notwithstanding the foregoing, if the Relocation Date shall occur on or prior to September 17, 2016, then this Section 1 shall be null and void.
Stub Period. The following rules will apply to the Stub Period:
Stub Period. At least five Business Days before the anticipated Closing ----------- Date, Seller will provide Purchaser with Seller's calculation of the net income of PGE for the period commencing on the day next following the date of the consolidated balance sheet of PGE included in the last SEC Report to be filed by it prior to the Closing Date (the "Last Balance Sheet Date") and ending on the Closing Date (as estimated by Seller with respect to the operations through the Closing Date and any other portion of such period for which historical financial information is unavailable) (the "Stub Period"). In addition to any amounts that may be otherwise paid as a dividend on PGE Common Stock or otherwise used to repurchase shares of PGE Common Stock in accordance with the terms of subsection (b)(v) of this Section 5.2 for periods on or prior to the Last Balance Sheet Date, Seller may, subject to the limitations set forth in subsection (b)(v) of this Section 5.2, cause PGE to pay a dividend to it or to repurchase PGE Common Stock pursuant to clause (v) of subsection (b) of this Section 5.2 on or prior to the Closing in an amount equal to the amount of net income reflected in such calculation (less any dividends described in such clause). If Purchaser disagrees with Seller's calculation of net income for the Stub Period, its sole remedy in respect thereof shall be to refer the matter through Seller to PGE's auditors within 15 Business Days after the Closing Date, who shall, upon Purchaser' s request, calculate PGE's net income for the Stub Period. The auditor's sole inquiry under such circumstances shall be with respect to the net income of PGE for the Stub Period. The calculation of PGE's net income for the Stub Period by its auditors shall be made within 45 days of such request and shall be final and binding on the Parties. If such auditors determine that PGE's net income for the Stub Period is more than 1% less than the amount calculated by Seller, Seller will pay the amount of such difference to Purchaser (provided that the amount of such difference was included in a dividend paid by PGE to Seller on or prior to the Closing or was used to repurchase shares of PGE Common Stock on or prior to the Closing.) If such auditors determine that PGE's net income is more than 1% greater than the amount calculated by Seller, Purchaser will, subject to the limitations set forth in subsection (b) of this Section 5.2, pay the amount of the difference to Seller. Payments required pursua...
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