Regulatory Obligation Amount definition
Examples of Regulatory Obligation Amount in a sentence
Such accounting firm shall resolve such dispute by reference to the records of Seller used to calculate the amounts appearing on the Closing Date Statement, the provisions contained herein regarding items properly included in the Regulatory Obligation Amount and the Non-Regulated Construction Work in Process Amount and, based on the foregoing, such other records as such firm, in its reasonable judgment, deems appropriate.
Within sixty (60) days after the Closing Date, Seller shall prepare and deliver to Buyer a written statement reasonably detailing the Regulatory Obligation Amount, the Non-Regulated Construction Work in Process Amount and any Capital Expenditure Deficiency, together with supporting documentation (the "Closing Date Statement").
Not less than three (3) Business Days prior to the Closing Date, Seller shall deliver to Buyer a notice, setting forth Seller's good faith estimate as of the Closing Date of (a) the Regulatory Obligation Amount (the "Estimated Regulatory Obligation Amount"), (b) the Non-Regulated Construction Work in Process Amount (the "Estimated Non-Regulated Construction Work in Process Amount") and (c) any Capital Expenditure Deficiency.
On the Closing Date, Buyer shall pay to Sellers an amount equal to the sum of (x) the Base Purchase Price, (y) the Estimated Regulatory Obligation Amount, and (z) the Estimated Non-Regulated Construction Work in Process Amount, less the Deposit and any Capital Expenditure Deficiency (the "Closing Date Payment").
On the Closing Date, Buyer shall pay to Seller an amount equal to the sum of (x) the Base Purchase Price, (y) the Estimated Regulatory Obligation Amount, and (z) the Estimated Non-Regulated Construction Work in Process Amount, less the Deposit and any Capital Expenditure Deficiency (the "Closing Date Payment").
The purchase price for the Acquired Assets shall be the sum of (a) One Billion Dollars ($1,000,000,000) (the "Base Purchase Price"), plus (b) amounts expended by Sellers to comply with Interim Capital Expenditure Obligations (the "Regulatory Obligation Amount"), plus (c) the Non-Regulated Construction Work in Process Amount minus (d) any Capital Expenditure Deficiency (collectively, the "Purchase Price").
Within sixty (60) days after the Closing Date, Sellers shall prepare and deliver to Buyer a written statement reasonably detailing the Regulatory Obligation Amount, the Non-Regulated Construction Work in Process Amount and any Capital Expenditure Deficiency, together with supporting documentation (the "Closing Date Statement").
Not less than three (3) Business Days prior to the Closing Date, Sellers shall deliver to Buyer a notice, setting forth Sellers' good faith estimate as of the Closing Date of (a) the Regulatory Obligation Amount (the "Estimated Regulatory Obligation Amount"), (b) the Non-Regulated Construction Work in Process Amount (the "Estimated Non-Regulated Construction Work in Process Amount") and (c) any Capital Expenditure Deficiency.
The purchase price for the Purchased Property shall be the sum of (i) Two Hundred and Four Million dollars ($204 million) (the "Base Purchase Price"), (ii) amounts expended by Seller to comply with Interim Capital Expenditure Obligations (the "Regulatory Obligation Amount"), and (iii) the Non-Regulated Construction Work in Process Amount.
As of the Closing Date, Buyer shall pay to Seller an amount equal to the sum of (v) the Base Purchase Price, (w) the Estimated Regulatory Obligation Amount, (x) the Estimated Non-Regulated Construction Work in Process Amount, less the Deposit amount and the Interest Amount or the Deposit L/C amount (the "Closing Date Amount").