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 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.
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. Subscriber shall begin paying Fees on the first day of the calendar month following the Installation Date or, if Company was unable to process the billing before such day, then the first day of the following calendar month (the “Initial Payment Date”). Subscriber accordingly acknowledges that the initial payment under this Agreement will include: (i) Subscription Fees for the period from the Installation Date until the Initial Payment Date (which are paid in arrears); (ii) Subscription Fees for the calendar month beginning on the Initial Payment Date (which are paid in advance); (iii) the “Deposit” (defined in Section 2.4); and (iv) any other Fees due and owing for services provided by Company to Subscriber prior to the Initial Payment Date.
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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...
Stub Period. During the Stub Period, if any, Lessee shall pay to Lessor a base rent (the "Stub Period Base Rent") equal to the sum of (a) the interest which Lessor owes to its mortgage lender for the Stub Period on the $5,400,000.00 mortgage loan which Lessor will use to finance its acquisition of the Demised Premises (the "Acquisition Loan") and (b) $232.88 for each day of the Stub Period. The Stub Period Base Rent shall be due and payable on the first day of the Stub Period. Lessor shall allow Lessee a credit against the Stub Period Base Rent in the amount, if any, of any prepaid rent relating to the Stub Period which Sparks shall have paid to the Current Owner and which the Current Owner shall have transferred, assigned or credited to Lessor (the "Stub Period Prepaid Base Rent"). If the Stub Period Base Rent is less than the Stub Period Prepaid Base Rent, then Lessor shall be obligated to repay or credit against Lessee's rental obligations the amount, if any, by which the Stub Period Prepaid Base Rent exceeds the Stub Period Base Rent.
Stub Period. If the Commencement Date falls other than on the first (1st) day of a calendar month, the period from and including the Commencement Date and ending and including the last day of the calendar month in which the Commencement Day occurs.
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 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
