Common use of CASH ALLOCATION ON THE DISTRIBUTION DATE Clause in Contracts

CASH ALLOCATION ON THE DISTRIBUTION DATE. As of the close of business on the Distribution Date, PEI shall retain, out of the domestic and international cash bank balances and short-term investments of PEI and its Subsidiaries recorded on the books of PEI and its Subsidiaries (the "PEI Cash"), an amount of PEI Cash equal to the PEI Initial Cash Balance, and SpinCo shall be allocated all other PEI Cash. To the extent practicable, the parties shall use their reasonable best efforts to take all necessary action to cause the cash balances of PEI and the Retained Subsidiaries immediately prior to consummation of the Distribution to equal the PEI Initial Cash Balance. In the event the actual cash balances of PEI and the Retained Subsidiaries as of the Distribution are less than the PEI Initial Cash Balance, the amount of the deficiency shall be recorded in the accounts of PEI and SpinCo as of the Distribution Date as a payable from SpinCo to PEI (which payable will be paid as promptly as practicable following the Distribution); and in the event the actual cash balances of PEI and the Retained Subsidiaries as of the Distribution Date exceed the PEI Initial Cash Balance, the amount of such excess shall be recorded in the accounts of PEI and SpinCo as of the Distribution Date as a payable from PEI to SpinCo (which payable will be paid as promptly as practicable following the time it is determinable).

CASH ALLOCATION ON THE DISTRIBUTION DATE. As of the close of business on the Distribution Date, PEI shall retain, out of the domestic and international cash bank balances and short-term investments of PEI and its Subsidiaries recorded on the books of PEI and its Subsidiaries (the "PEI Cash"), an amount of PEI Cash equal to the PEI Initial Cash Balance, and SpinCo PriceSmart shall be allocated all other PEI Cash. To the extent practicable, the parties shall use their reasonable best efforts to take all necessary action to cause the cash balances of PEI and the Retained Subsidiaries immediately prior to consummation of the Distribution to equal the PEI Initial Cash Balance. In the event the actual cash balances of PEI and the Retained Subsidiaries as of the Distribution are less than the PEI Initial Cash Balance, the amount of the deficiency shall be recorded in the accounts of PEI and SpinCo PriceSmart as of the Distribution Date as a payable from SpinCo PriceSmart to PEI (which payable will be paid as promptly as practicable following the Distribution); and in the event the actual cash balances of PEI and the Retained Subsidiaries as of the Distribution Date exceed the PEI Initial Cash Balance, the amount of such excess shall be recorded in the accounts of PEI and SpinCo PriceSmart as of the Distribution Date as a payable from PEI to SpinCo PriceSmart (which payable will be paid as promptly as practicable following the time it is determinable).