Common use of Allocated Share Clause in Contracts

Allocated Share. Aon shall determine the Allocated Shares of KSL during the Initial Policy Periods, which may be different for each Annual Premium and which determination shall be based on the historical losses, exposures to risk, projected expected losses and possible magnitude of losses of KSI and KSL and their respective Subsidiaries. KSI and KSL hereby agree that Aon's determination regarding the Allocated Shares of KSL shall be conclusive absent manifest error.

Appears in 3 contracts

Sources: Distribution Agreement (Kaneb Services LLC), Distribution Agreement (Kaneb Services LLC), Distribution Agreement (Kaneb Services LLC)