Examples of Contribution Adjustment Amount in a sentence
The Consideration shall be adjusted (a) upward by an amount equal to the applicable Capital Contribution Adjustment Amount and (b) downward by the applicable Additional Distribution Amount.
If the Contribution Adjustment Amount that is payable on the Amendment Date is a negative number, then such amount will be paid in cash, or other assets agreed to by the parties in writing, by AUL to the Contract-Holder on such Amendment Date.
In making such calculation, the Independent Accountant shall consider only those items or amounts in the Closing Statement and the calculation of the Contribution Adjustment Amount as to which Five Point has disagreed in its notice of disagreement duly delivered pursuant to Section 2.3(b).
Each of Five Point and Longwood agree that it shall not engage, or agree to engage the Independent Accountant to perform any services other than as the Independent Accountant pursuant hereto until the Closing Statement and the Contribution Adjustment Amount have been finally determined pursuant to this Section 2.3. Each of Five Point and Longwood agrees to execute, if requested by the Independent Accountant, a reasonable engagement letter.
Within thirty (30) days after the determination of the Final Contribution Adjustment Amount pursuant to Section 2.3, Five Point shall provide Longwood with a proposed allocation of the agreed initial Book Basis of the Contributed Interests ($350,000,000) (together with all other amounts properly taken into account under applicable Law) among the assets of the Contributed Entities as of the Closing (the “Proposed Allocation”).
If Five Point fails to deliver a notice by the conclusion of such 60-day period, Five Point shall be deemed to have agreed with all items and amounts contained in the Closing Statement and the calculation of the Contribution Adjustment Amount delivered pursuant to Section 2.3(a) shall be the Final Contribution Adjustment Amount.
On each Amendment Date specified on an amended Cover Page of this Contract, if any, Contract- Holder and AUL may, by separate amendment to this Contract, agree that the Contribution Adjustment Amount specified on such amended Cover Page will be paid in cash, or other assets agreed to by the parties in writing, on such Amendment Date prior to or on the Data Finalization Amendment Date.
If the Contribution Adjustment Amount that is payable on the Amendment Date is a positive number, then the Contract-Holder will pay such amount in cash, or other assets agreed to by the parties in writing, to AUL on such Amendment Date.
Further information will be made available shortly by the Ascension Island Travel Agency.
If the Contribution Adjustment Amount that is payable on the Amendment Date is a negative number, then such amount shall be paid by Prudential to the Contract-Holder on such Amendment Date by delivering cash and/or non-cash assets agreed to by Prudential and the Contract-Holder having the Market Value as of the determination date equal to such Contribution Adjustment Amount, as indicated on the applicable Cash and Transferred Assets Exhibit Supplement.