Examples of Measuring Date in a sentence
For any Allocation Period ending after the Class B Common Measuring Date, if the Company has Combined Book Profits for such Allocation Period and if there is no Special Allocation Amount as of the beginning of such Allocation Period, then to each of the Common Members in accordance with such Common Member's Percentage Interest.
Each Financial Covenant Failure Filing shall also include the applicable Certification Notice and specify (x) that the Company is in breach of such applicable Financial Test(s) for such Financial Test Measuring Date with specificity and (y) the fact that an Event of Default has occurred under the Notes.
For the avoidance of doubt, on each Certification Date, solely if a Financial Test has not been satisfied for such applicable Financial Test Measuring Date, the Company shall publicly disclose (as part of a Financial Covenant Filing), that such Financial Test has (or Financial Tests have) not been satisfied for such applicable Financial Test Measuring Date (each, a “Financial Covenant Failure Filing”).
At any time after the third anniversary of the Class A Preferred Measuring Date, the Company shall have the right to redeem the Class A Preferred Units at a redemption price equal to the sum of (i) the Class A Preferred Contributed Amount in respect of such redeemed Class A Preferred Units and (ii) the Class A Preferred Return Amount in respect of such redeemed Class A Preferred Units.
As additional consideration hereunder, Sellers shall be entitled to receive an additional cash payment (each, a “Float Interest Payment”) equal to the Net Interest Earned on client assets from Reference Customer Accounts during the twelve-month period immediately preceding the applicable Float Interest Measuring Date (each such period, a “Float Interest Payment Period”).