Closing Subscriber Number definition
Closing Subscriber Number means, with respect to each Specified Business, as of the Closing, the number of Eligible Basic Subscribers of such Specified Business.
Closing Subscriber Number means (i) with respect to each Adelphia Newco, the number of Adelphia Basic Subscribers of the Adelphia Systems of such Adelphia Newco as of the Closing Time and (ii) with respect to each Native Newco, (A) the number of Individual Subscribers of the Native Systems of such Native Newco as of the Closing Time minus (B) the number of Individual Subscribers of the Native Systems of such Native Newco acquired pursuant to any Excluded SMATV Acquisition.
Closing Subscriber Number means (i) with respect to the Group 1 Business, the sum of (A) 75% multiplied by the number of Eligible Basic Subscribers of the Century Business as of the Closing, plus (B) 662¤3% multiplied by the number of Eligible Basic Subscribers of the Parnassos Business as of the Closing, plus (C) 662¤3% multiplied by the number of Eligible Basic Subscribers of the Western Business as of the Closing, and (ii) with respect to the Group 2 Business, the number of Eligible Basic Subscribers of the Group 2 Business as of the Closing.
Examples of Closing Subscriber Number in a sentence
In calculating the Closing Subscriber Number, Basic Subscribers attributable to Systems acquired by the Company and its Subsidiaries after the date hereof will be disregarded.
More Definitions of Closing Subscriber Number
Closing Subscriber Number means (i) with respect to the Group 1 Business, the sum of (A) 75% multiplied by the number of Eligible Basic Subscribers of the Century Business as of the Closing, plus (B) 66 % multiplied by the number of Eligible Basic Subscribers of the Parnassos Business as of the Closing, plus (C) 66 % multiplied by the number of Eligible Basic Subscribers of the Western Business as of the Closing, and (ii) with respect to the Group 2 Business, the number of Eligible Basic Subscribers of the Group 2 Business as of the Closing.
Closing Subscriber Number means the number of Basic Subscribers (as defined in Section 3.22) as of the last day of the first full calendar month ending prior to the ---- Effective Time; provided that if the Effective Time occurs during the first five business days of a calendar month, the Closing Subscriber Number will be the number of Basic Subscribers as of the last day of the second full calendar month ending prior to the Effective Time; and provided further that if the Effective Time occurs at any time after December 8, 1998, the Closing Subscriber Number will be the number of Basic Subscribers as of November 30, 1998. In calculating the Closing Subscriber Number, Basic Subscribers attributable to Systems acquired by the Company and its Subsidiaries after the date hereof will be disregarded. As used herein, the terms "MAXIMUM TARGET SUBSCRIBER NUMBER" and "MINIMUM TARGET SHARE NUMBER" mean the numbers set forth below (under the applicable heading) opposite the date as of which the Closing Subscriber Number is determined: Date as of Which Closing Subscriber Maximum Target Minimum Target Number is Determined Subscriber Number Subscriber Number -------------------- ----------------- ------------------ June 30, 1998 216,220 215,220 July 31, 1998 218,225 217,225 August 31, 1998 217,589 216,589 September 30, 1998 216,941 215,941 October 31, 1998 214,880 213,880 November 30, 1998 211,861 210,861 The Company and Buyer will cooperate to determine the Closing Subscriber Number as promptly as possible and in any event at least three days in advance of the Effective Time. In the event of a dispute that is not resolved by three business days prior to the Effective Time, each of the Company and Buyer will submit its view as to the proper Closing Subscriber Number to ▇▇▇▇▇▇▇▇ Consulting or other person reasonably satisfactory to Buyer and the Company (the "EXPERT"), who will, at least one business day prior to Closing, select either the number submitted by the Company or the number submitted by Buyer as the Closing Subscriber Number, and the determination of the Expert shall be final and binding on the parties. The parties will cooperate with the Expert and provide to the Expert all necessary information for purposes hereof.
Closing Subscriber Number means (i) with respect to the Group 1 Business, the sum of (A) 75% multiplied by the number of Eligible Basic Subscribers of the Century