Proration Items definition

Proration Items has the meaning ascribed to such term in Section 10.4(a).

Proration Items shall have the meaning set forth in Section 2.4(a).

Proration Items shall have the meaning ascribed in Section 10.6.1.

Examples of Proration Items in a sentence

• Seller will be charged and credited for the amounts of all of the Proration Items relating to the period up to and including the Closing Time, and Purchaser will be charged and credited for all of the Proration Items relating to the period after the Closing Time.

• If the actual amounts of the Proration Items are not known as of the Closing Time, the prorations will be made at Closing on the basis of the best evidence then available; thereafter, when actual figures are received, re-prorations will be made on the basis of the actual figures, and a final cash settlement will be made between Seller and Purchaser.

• Seller will be charged and credited for the amount of all of the Proration Items relating to the period prior to the Closing Date, and Purchaser will be charged and credited for all of the Proration Items relating to the period from and after the Closing Date.

• If the actual amounts of the Proration Items are not known as of the Closing Date, the prorations will be made at Closing on the basis of the best evidence then available; thereafter, when actual figures are received, re-prorations will be made on the basis of the actual figures, and a final cash settlement will be made between Seller and Purchaser.

• Sellers will be charged and credited for the amounts of all of the Proration Items relating to the period up to and including the Closing Time, and Purchaser will be charged and credited for all of the Proration Items relating to the period after the Closing Time.

More Definitions of Proration Items

Proration Items shall have the meaning ascribed to such term in Section 8.

Proration Items means all revenues, refunds, deposits and prepaid expenses of the Stations and any power and utility charges, business and license fees (including retroactive adjustments thereof), sales and service charges, commissions, special assessments, prepaid rental payments, real estate and other property taxes and assessments with respect to real property, prepaid cash time sales agreements, program license fees, broadcast rights fees, accrued vacation, unused sick leave and other similar prepaid and deferred items and any other operating expenses incurred in the ordinary course of business.

Proration Items shall have the meaning set forth in Section 1.04(a).

Proration Items means any power and utility charges, business and license fees (including retroactive adjustments thereof), sales and service charges, commissions, special assessments, and rental payments and personal and real estate Taxes and assessments with respect to the Real Property, taxes (except for Taxes arising from the transfer of the Assets hereunder), deposits, Trade-out Agreements, accrued vacation, unused sick leave and other similar prepaid and deferred items and any other operating expenses incurred in the Ordinary Course of Business (except with respect to Program Contracts, only those payments due and payable during the month in which the Transfer Date occurs shall be prorated). The parties acknowledge and agree that there shall be excluded from Proration Items the following: (a) severance pay relating to any employee of any Seller who shall have been terminated prior to the Transfer Date, and (b) any Liabilities not being assumed by Buyer in accordance with Section 2.8.

Proration Items means real and personal property Taxes, utility charges (including water, sewer, electric and gas), maintenance charges, rental or lease payments, equipment charges, charges under service Contracts including among the Assigned Contracts, and similar expenses related to the Purchased Assets.

Proration Items has the meaning set forth in ‎Section 9.2.

Proration Items means any power and utility charges, business and license fees (including retroactive adjustments thereof), sales and service charges, commissions, special assessments, and rental payments and personal and real estate Taxes and assessments with respect to the Real Property, taxes (except for Taxes arising from the transfer of the Assets hereunder), deposits, Trade-out Agreements, unused sick leave pursuant to any collective bargaining agreements and other similar prepaid and deferred items and any other operating expenses incurred in the Ordinary Course of Business (except with respect to Program Contracts, only those payments due and payable during the month in which the Closing Date occurs shall be prorated). The parties acknowledge and agree that there shall be excluded from Proration Items the following: (a) severance pay relating to any employee of the Transferring Party who shall have been terminated prior to the Exchange Date, (b) any Liabilities not being assumed by the Recipient Party in accordance with Section 2.8, and (c) all accrued and ----------- unpaid vacation pay.