Allocated Percentage definition
Examples of Allocated Percentage in a sentence
However, if a Party’s demand for the Shared Product is less than its Allocated Percentage, then the difference between its demand and its Allocated Percentage shall go to the other Party.
If any of the Other Greenhouses decreases in size or is increased in size by the addition of space of like quality to its existing space then the Allocated Percentage shall be adjusted in proportion to the ratio that the change in size bears to the total size of the Greenhouse and the Other Greenhouses.
On each date provided for reimbursement of G&A to the Company pursuant to Section 7.13, the Existing Investors or their respective assignees or transferees shall contribute severally, not jointly, an amount to the Company, as a Capital Contribution, equal to their respective Allocated Percentage of the Excess G&A Obligation.
Any deduction or loss attributable to the Existing Investors' or their respective assignees' or transferees' obligation to reimburse the Company for, or incurred by the Company and constituting, the Excess G&A Obligation, which the Existing Investors have funded or agreed to fund pursuant to Section 5.3, shall be allocated to each of the Existing Investors in an amount equal to their Allocated Percentage of such Excess G&A Obligation.
Prior to the occurrence and continuance of an Event of Default, the Administrative Agent shall apply all payments of Price Differential in respect of any Purchased Asset and Contributed Asset pro rata among the Price Differential-Base, the Price Differential-Incremental 1 and the Price Differential-Incremental 2 based upon the Allocated Percentage of each.