Due Proportion definition

Due Proportion means the proportion borne by the Shares allocated to the part of the Unit concerned to the total number of Shares allocated to that Unit under this Deed.

Due Proportion means such proportion as is conclusively certified (save in the case of manifest error) by the Landlord’s surveyor (acting reasonably and properly) as representing the due proportion of the relevant expenditure reasonably attributable to the Premises.

Due Proportion in relation to each of MSSL and GS shall mean 73 per cent. in the case of MSSL and 27 per cent. in the case of GS;

Examples of Due Proportion in a sentence

• The low rotational speed and presence of the spacers resulted in negligible coriolis affect.

• On or before the date falling five Business Days after the date on which the Net Asset Shortfall amount becomes final and binding in accordance with clause 5 and Schedule 8, each Seller will pay to the Buyer a sum equal to such Seller's Due Proportion of the amount (if any) of the Net Asset Shortfall (calculated in accordance with clause 5.9).

• Subject to reimbursement by the Tenant of the Building Due Proportion of the Building Service Charge, to use all reasonable endeavours to provide so much of the Building Services as the Landlord in its reasonable discretion shall consider appropriate in accordance with the principles of good estate management.

• The Seller shall be paid a sum equal to the Seller's Due Proportion of the Earn-out Payment.

• The Company may transfer and assign this Agreement to any of the Company's successors, if necessary.

More Definitions of Due Proportion

Due Proportion means a fair proportion as conclusively determined from time to time by the Landlord acting reasonably;

Due Proportion means the proportion borne by the Management Shares sub-allocated to the part of the Unit concerned to the total number of Management Shares allocated to that Unit under this Deed.

Due Proportion means the respective proportions shown in column (4) of the schedule being the proportions in which the Shares are held by the Sellers;

Due Proportion means a fair and reasonable proportion as conclusively determined by the Surveyor acting in accordance with the principles of good estate management ENACTMENT means statute, statutory instrument, statutory guidance, treaty, regulation, directive, byelaw, code of practice, guidance note, circular, common law and any notice, order, direction or requirement given or made pursuant to any of them, for the time being in force.

Due Proportion means such proportion as is conclusively certified by the Landlord or the Landlord's surveyor as representing the due proportion of the Costs reasonably attributable to the Holding.

Due Proportion means, as regards each Seller, that proportion set against his name in column (3) of the table above.

Due Proportion the respective proportions shown in column (4) of schedule 1 being the proportions in which the Shares are held by the Sellers;