Examples of Allocation Member in a sentence
It is hereby confirmed that Sostratus LLC, as the current holder of all of the Allocation Interests as of the date of this Agreement, hereby continues as the Allocation Member.
As of the date hereof, all one thousand (1,000) Allocation Interests have been issued to the Allocation Member.
Such election shall become effective upon the delivery of a written notice to the Company indicating the amount of Profit Distribution that the Allocation Member is electing to defer (such amount, the “Distribution Entitlement”).
Any allocation of Sale Shares which are not purchased by Non Participating Members ( Unallocated Sale Shares) are to be re-offered to each Eligible Member who takes up their full allocation of Sale Shares pursuant to clause 11.4(b) (Full Allocation Member).
Table 1 - 2022 Infrastructure Access Charge Allocation Member Agency4.
The Allocation Member shall have the right to elect, in its sole discretion, on any applicable Profit Distribution Payment Date to defer payment by the Company of all or any portion of the amount of Profit Distribution payable by the Company in accordance with Section 5.2(e) on such Profit Distribution Payment Date.
Once deferred, the Company shall pay, on twenty (20) Business Days prior written notice delivered by the Allocation Member and received by the Company (the “Distribution Entitlement Notice”), all or any portion of the Distribution Entitlement Amount as designated by the Allocation Member in the Distribution Entitlement Notice (the “Distribution Entitlement Payment”) on the date specified in the Distribution Entitlement Notice (the “Distribution Entitlement Payment Date”).
The Administrator shall maintain cumulative books and records with respect to the details of any calculations made pursuant to this Section 5.2, which records shall be available for inspection and reproduction at any time upon request by the Board of Directors and the Allocation Member.
Example Interim Expansion Flow Capacity Allocation Member TownTotal Flow AllocationInterim ExpansionTotal New CapacityDennis (mgd/%) The Initial phase flow shown in Section 15.4.1 is for description purposes only and reflects an approximation of the first four phases of flow from the Member Towns.
The Company's audit committee, which is comprised solely of independent directors, approves the calculation of any profit allocation payment to be made to the Allocation Member.