Closing Quarter definition
Examples of Closing Quarter in a sentence
Except as otherwise provided in this Agreement, the Class D Common Units shall have the right to share in partnership distributions of Available Cash pursuant to Section 6.3, 6.4 or 6.5 on a pro rata basis with the Common Units (excluding distributions with respect to (A) the 2015 Closing Quarter and (B) the Preceding Quarter), so that the amount of any Partnership distribution to each Common Unit will equal the amount of such distribution to each Class D Common Unit.
A final reconciliation of the Additional Rent due for the Closing Quarter shall be made based upon such Officer's Certificate.
If the Closing occurs after the Record Date for the distribution in respect of the Preceding Quarter, then at the Closing ETP shall wire transfer in immediately available funds an amount equal to the sum of the Estimated Pro Rata Closing Quarter Distribution Amount and the Pro Rata Closing Quarter GP/IDR Distribution Amount to an account designated by ETP before Closing.
Except as otherwise provided in this Agreement, the Class B Units shall have the right to share in partnership distributions of Available Cash pursuant to Section 6.3, 6.4 or 6.5 on a pro rata basis with the Common Units (excluding distributions with respect to (A) the Closing Quarter and (B) the Preceding Quarter), so that the amount of any Partnership distribution to each Common Unit will equal the amount of such distribution to each Class B Unit.
If the Closing occurs after the Record Date for the cash distribution by Regency on its Common Units in respect of the Preceding Quarter, then at the Closing, the Estimated Contribution Consideration Adjustment Amount (and therefore the Cash Consideration) shall be reduced by an amount equal to the Estimated Pro Rata Closing Quarter Distribution Amount, and no adjustment shall be made pursuant to Section 2.6(a).
Subject to Purchaser’s obligation in respect of the Closing Quarter Royalty Payment, Seller and Seller Subsidiary shall promptly remit to Purchaser all royalty payments received in respect of the Assumed Contracts after the Closing.
Within ninety (90) days after the Closing Date, Balanced Care shall deliver to the Seller, for each Facility, an Officer's Certificate reasonably acceptable to the Seller and certified by the chief financial officers of the applicable Lessee and Balanced Care, setting forth the Gross Revenues for such Facility for the period from the commencement of the Closing Quarter through the Closing Date.
In order to permit such apportionment, within 30 days of the conclusion of the Closing Quarter, each Party shall provide the other with relevant information regarding its rebate activity during such quarter.
Without limiting the foregoing and notwithstanding anything to the contrary set forth in the Facility Lease Agreements, at the Close of Escrow, Texas ALC shall pay to Seller an amount equal to the Seller's reasonable estimate of the Additional Rent (as defined under the Facility Lease Agreements) due for the quarter in which the Close of Escrow occurs (the "Closing Quarter").
Within ninety (90) days after the Closing Date, Texas ALC shall deliver to Seller an Officer's Certificate (as defined under the Facility Lease Agreements) in a form reasonably acceptable to Seller and certified by the general partner of Texas ALC setting forth a calculation of the Additional Rent for the period from the commencement of the Closing Quarter through the Closing Date.