Applicable Month definition

Applicable Month has the meaning set forth in Section 6.2(c).

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Applicable Month shall have the meaning set forth in Section 7.3.1(a) hereof.

Applicable Month means any month be-

Examples of Applicable Month in a sentence

• The Purchase Price shall also include an adjustment to the Average Price of the Acquired Shares, if necessary, to take into account the effect of any dividends or similar distributions relating to the Acquired Shares to be settled for the Applicable Month in the same manner and under the same conditions as provided for in the definition of “Dividend Adjusted Average Price”.

• In the event that the Agreement is terminated pursuant to Section 7.1, the day immediately prior to the termination date will be deemed to be the last day of the Applicable Month.

• The aggregate purchase price for the Acquired Shares at each Closing (the “Purchase Price”) shall be equal to the product of (i) the aggregate number of Acquired Shares to be purchased at such Closing multiplied by (ii) the Average Price for the Applicable Month.

• A reduced Individual First Phase Fee that would otherwise apply during any Month subsequent to an Applicable Month shall not be applied until all Downtime Hours from previous Applicable Months have been addressed as provided in this Section 6.2(c).

• For the avoidance of doubt, if the Gross Payment Base for any Applicable Stablecoin in any Applicable Month is not sufficient to fund the full Issuer Retention for such Applicable Month, the shortfall with respect to the Issuer Retention shall not accrue, and the Issuer Party shall not be entitled to carry forward to the next Applicable Month such shortfall nor add such shortfall for such Applicable Month to the Issuer Retention for the next Applicable Month.

More Definitions of Applicable Month

Applicable Month means each calendar month during the Term; provided that the first Applicable Month shall begin on August 1, 2023, and end on the last day of the calendar month in which the Effective Date occurs, and the last Applicable Month shall end on the last day of the Term subject to the survival periods set forth herein.

Applicable Month means the calendar month following the month in which the Operating Deficits Funding Request is made.

Applicable Month means, (a) with respect to mandatory prepayments payable pursuant to Paragraph 1(e)(4) above as a result of the recalculation of the Borrowing Base Amount based on an Appraisal (which has been ordered by the Administrative Agent in the 33rd, 69th or 105th month after the Closing Date pursuant to Paragraph 7(k)(1) above), the 39th month, 76th and 111th month after the Closing Date, respectively and (b) with respect to mandatory prepayments payable pursuant to Paragraph 1(e)(4) above based on the Aggregate Debt Service Coverage Ratio (set forth in the most recent Compliance Certificate delivered pursuant to Paragraph 7(b)(1)), the 3rd month after such delivery.

Applicable Month means any one month period for which Executive remained employed with the Company as its Interim Chief Financial Officer for at least one day, with such month measured beginning from the Commencement Date or a monthly anniversary of the Commencement Date, provided that, in any event, the one month period commencing on the Commencement Date shall be an Applicable Month subject to Executive’s employment with the Company for at least one day during such month.

Applicable Month has the meaning set forth in Section 4.1(b). "Appraisal Notice" has the meaning set forth in Section 11.4. "Approved Budget" means, as to any Fiscal Year, the operating budget for the Company approved or deemed approved by the Members as provided in Article IX, including the Annual Budget (as defined in the Operating and Maintenance Agreement) for such Fiscal Year. "Audited Member" has the meaning set forth in Section 7.7(a). 3

Applicable Month means the month in which occurred the sale of rum produced in Puerto Rico, as reported in TTB Form 5110.28, or any substitute form providing substantially the same information, that produced excise tax revenue collected by the U.S. Government.

Applicable Month shall have the meaning set forth in Section 10(m).