Interim Period Adjustment definition

Interim Period Adjustment is detailed in Clause 3.8;
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Interim Period Adjustment means, with respect to a party, the sum of
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Interim Period Adjustment has the meaning given to that expression in paragraph 5 of the General Principles;
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Examples of Interim Period Adjustment in a sentence

  • In the event any such notice of disagreement is timely provided by Seller, the Company and Seller shall use their reasonable best efforts for a period of thirty (30) days (or such longer period as they may mutually agree) to resolve any disagreements with respect to the calculation of the Closing Net Working Capital Amount, the Closing Indebtedness, the Actual Retention Bonuses, the Actual Sales Bonuses, the Actual U.K. Funding Amount or the Net Interim Period Adjustment Amount (or any element thereof).

  • The Purchaser shall be entitled to claim capital allowances on that part of the Interim Period Adjustment that represents capital expenditure that can attract capital allowances under CAA2001 and the Seller shall treat the equivalent of the value of any such expenditure on which the Seller has claimed capital allowances as disposal receipts for the purposes of CAA2001.

  • At the election of Buyer, Buyer may deliver to Seller, as partial payment of the Interim Period Adjustment owing by Buyer to Seller, a promissory note evidencing a principal amount not to exceed the lesser of $290,000 or the Interim Period Adjustment less $124,000.

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  • If a notice of disagreement shall be duly delivered pursuant to paragraph (c), Enterprise Partners, Tejas and Tejas Energy shall, during the 30 days following such delivery, use their reasonable efforts to reach agreement on the amounts in order to determine the final Interim Period Adjustment.

  • If Tejas or Tejas Energy disagrees with Enterprise Partners' calculation of the Interim Period Adjustment, Tejas may, within 20 days after delivery of such calculation, deliver a notice to Enterprise Partners disagreeing with Enterprise Partners' calculation of the Interim Period Adjustment and setting forth Tejas' calculation of the Interim Period Adjustment.

  • As promptly as practicable, but no later than November 15, 1999, Enterprise Partners (with the assistance of Tejas and Tejas Energy to the extent requested by Enterprise Partners) will cause to be prepared and delivered to Tejas a certificate setting forth Enterprise Partners' calculation of the Interim Period Adjustment as determined in accordance with the procedures set forth in Schedule 2.07 hereto (the "Interim Period Adjustment").

  • Meetings: The Committee holds regular meetings at the spring and fall Association governance meetings.

  • If the final Interim Period Adjustment is a positive number, then such amount will be paid by Tejas or Tejas Energy to Enterprise Partners within ten days following calculation of the final Interim Period Adjustment and if the final Interim Period Adjustment is a negative number, then such amount will be paid by Enterprise Partners to Tejas or Tejas Energy within ten days following calculation of the final Interim Period Adjustment.

  • In the event that there shall be a dispute as to the manner in which the Interim Period Statement has been prepared or as to the amount of the Interim Period Adjustment, the parties shall use their best efforts to resolve such dispute within ten (10) days of Seller's receipt of Buyer's statement of disagreement with the Interim Period Statement.


More Definitions of Interim Period Adjustment

Interim Period Adjustment. Amount”). It is expressly clarified that each month is measured on a standalone basis, and no amounts shall be carried forward from one month to another. The Interim Period Adjustment Amount shall be determined together with the determination of the Final Closing Statement, and the provisions of Section 2.6 shall apply to the calculation and payment thereof, mutatis mutandis, including for the avoidance of doubt the deduction of such amount the Final Closing Date Purchase Price as part of the Adjustment Amount, or by set-off the Earnout Consideration, as detailed under Section 2.6(e). Examples for the Interim Period Adjustment Amount are attached as Schedule 2.7(e)(i)(b) hereunder.
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Interim Period Adjustment has the meaning given in clause 3.8;
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Interim Period Adjustment means the payment required to be made by Buyer to Seller, or Seller to Buyer, to reflect any Net Cash Disbursements or Net Cash Proceeds, as the case may be, in accordance with this Section 2.1.
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Related to Interim Period Adjustment

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Spread Adjustment means 100 basis points.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Annual Capital Expenditure Adjustment means, for any retail Property, an amount equal to the product of (a) $0.15 multiplied by (b) the aggregate net rentable area (determined on a square feet basis) of all such Properties.

  • CMSA NOI Adjustment Worksheet A report substantially in the form of, and containing the information called for in, the downloadable form of the "NOI Adjustment Worksheet" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be recommended by the CMSA for commercial mortgage securities transactions generally and is acceptable to the Master Servicer or the Special Servicer, as applicable, and in any event, shall present the computations made in accordance with the methodology described in such form to "normalize" the full year net operating income and debt service coverage numbers used in the other reports required by this Agreement.

  • Cost of Living Adjustment or “COLA” means a percentage-based general wage increase adjustment provided in accordance with this memorandum of agreement. COLA is an upward adjustment applied to and folded into all wage rates. The "annualized average of BC CPI over twelve months” (AABC CPI) means the Latest 12-month Average Index % Change reported by BC Stats in March for British Columbia for the twelve months starting at the beginning of March in the preceding year and concluding at the end of the following February. The “Latest 12-month Average Index”, as defined by BC Stats, is a 12-month moving average of the BC consumer price indexes of the most recent 12 months. This figure is calculated by averaging index levels over the applicable 12 months. The Latest 12-month Average Index % Change is reported publicly by BC Stats in the monthly BC Stats Consumer Price Index Highlights report. The BC Stats Consumer Price Index Highlights report released in mid-March will contain the applicable figure for the 12 months concluding at the end of February. The percentage change reported by BC Stats that will form the basis for determining any COLA increase is calculated to one decimal point. For reference purposes only, the annualized average of BC CPI over 12 months from March 1, 2021 to February 28, 2022 was 3.4%.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • MFN Adjustment has the meaning specified in Section 2.14(b).

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.