would be owed Sample Clauses

The "would be owed" clause defines the amounts or obligations that a party is entitled to receive under certain conditions, typically in the event of contract termination or breach. In practice, this clause specifies what payments, fees, or damages are due to a party if the agreement ends prematurely or if specific triggering events occur. For example, it may outline compensation for services already rendered or penalties for early termination. Its core function is to ensure that parties are fairly compensated for their rights and obligations up to the point of termination, thereby providing financial clarity and reducing disputes over what is payable when the contract ends unexpectedly.
would be owed. The Owner Participant further agrees to the extent a change in Texas law eliminates the ability to reduce Texas franchise taxes through a limited partnership structure, the Owner Participant shall take such reasonable steps to mitigate the Texas franchise taxes as the result of the change in law, so long as the Owner Participant determines in its sole discretion that such steps will not have a material adverse effect on the Owner Participant or any of its Affiliates. The Lessee shall reimburse the Owner Participant for (x) the costs of any actions taken pursuant to, or to accomplish the intention of, this Section
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would be owed. The Owner Participant further agrees to the extent a change in Texas law eliminates the ability to reduce Texas franchise taxes through a limited partnership structure, the Owner Participant shall take such reasonable steps to mitigate the Texas franchise taxes as the result of the change in law, so long as the Owner Participant determines in its sole discretion that such steps will not have a material adverse effect on the Owner Participant or any of its Affiliates. The Lessee shall reimburse the Owner Participant for (x) the costs of any actions taken pursuant to, or to accomplish the intention of, this Section 7.1(m), including any taxes attributable to such actions, and (y) any and all Texas taxes that relate directly or indirectly to the transactions contemplated by the Operative Agreements, Pass Through Documents or Partnership Documents, in each case on an After-Tax Basis and without regard to the exclusions in Section 7.1(c) hereof, provided, however that for the avoidance of doubt, nothwithstanding any provision herein, the Lessee shall not be required to indemnify the Owner Participant or any of its Affiliates for any such taxes that would have been imposed on the Owner Participant or any of its Affiliates without regard to the transactions contemplated by the Operative Agreements, Pass Through Documents or Partnership Documents. Notwithstanding any other provision hereto or under any other Operative Agreement, the other parties to this Agreement hereby agree and consent to the Owner Participant taking the actions specified in the first and second sentences of this Section 7.1(m).
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Related to would be owed

  • When De Minimis Adjustment May Be Deferred No adjustment in the Exercise Price need be made unless the adjustment would require an increase or decrease of at least 1% in the Exercise Price. Any adjustments that are not made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 5 shall be made to the nearest 1/100th of a share.

  • Documents Required from Subscriber 3.1 The Subscriber must complete, sign and return to the Company an executed copy of this Subscription Agreement. 3.2 The Subscriber shall complete, sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires, notices and undertakings as may be required by regulatory authorities, and applicable law.

  • Default Not Exceeding 10% of Firm Units or Option Units If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Units or the Option Units, if the Over-allotment Option is exercised, hereunder, and if the number of the Firm Units or Option Units with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Units or Option Units that all Underwriters have agreed to purchase hereunder, then such Firm Units or Option Units to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • Default Not Exceeding 10% of Firm Shares or Option Shares If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Shares or the Option Shares, if the Over-allotment Option is exercised hereunder, and if the number of the Firm Shares or Option Shares with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Shares or Option Shares that all Underwriters have agreed to purchase hereunder, then such Firm Shares or Option Shares to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • Proceeds from Shares Sold The Custodian shall receive funds representing cash payments received for Shares issued or sold from time to time by the Funds, and shall promptly credit such funds to the account(s) of the applicable Portfolio(s). The Custodian shall promptly notify each applicable Fund of Custodian's receipt of cash in payment for Shares issued by such Fund by facsimile transmission or in such other manner as the Fund and Custodian may agree in writing. Upon receipt of Proper Instructions, the Custodian shall: (a) deliver all federal funds received by the Custodian in payment for Shares in payment for such investments as may be set forth in such Proper Instructions and at a time agreed upon between the Custodian and the applicable Fund; and (b) make federal funds available to the applicable Fund as of specified times agreed upon from time to time by the applicable Fund and the Custodian, in the amount of checks received in payment for Shares which are deposited to the accounts of each applicable Portfolio.