Current Items Amount Sample Clauses
The 'Current Items Amount' clause defines the total value or quantity of items currently covered or involved under the agreement. This clause typically specifies the exact number or monetary worth of goods, assets, or deliverables at a given point in time, serving as a reference for both parties. By clearly stating the current items amount, the clause ensures transparency and helps prevent disputes regarding the scope or value of items included in the contract.
Current Items Amount. In addition to the payment by Buyer of the Purchase Price, Buyer or Seller, as appropriate, shall pay to the other the net amount of the adjustments and prorations effected pursuant to Sections 2.6(a), (b), and (c) (collectively, the "Current Items Amount").
Current Items Amount. Buyer or Seller, as appropriate, shall pay to the other (by increasing or decreasing the Purchase Price paid by Buyer to Seller at Closing) the net amount of the adjustments and prorations effected pursuant to Sections 2.5.1, 2.5.2 and 2.5.3 below (the "Current Items Amount"). The adjustments provided for herein shall be made in accordance with generally accepted accounting principles ("GAAP") as of 11:59 p.m. (Huntsville, Alabama time) on the last day of the month during which the Closing occurs (the "Adjustment Time").
Current Items Amount. The Purchase Price shall be adjusted by the net amount of the credits and prorations made pursuant to paragraphs 2.6(a), (b), and (c) (the "Current Items Amount").
(a) Accounts Receivable Sellers shall be entitled to a credit in an amount equal to the sum of (i) 90% of the face amount of all Accounts Receivable shown on the records of Sellers on the Closing Date to be 30 days or less past due; and (ii) 75% of the face amount of all Accounts Receivable shown on the records of Sellers on the Closing Date to be between 31 and 60 days past due. "Accounts Receivable" shall mean accounts receivable resulting from a Seller's provision of cable television service prior to the Closing Time to the System's subscribers.
Current Items Amount. The Purchase Price shall be adjusted by the net amount of the credits and prorations made pursuant to paragraphs 2.6(a), (b), and (c) (the "Current Items Amount").
(a) Accounts Receivable Sellers shall be entitled to a credit in an amount equal to the sum of (i) 90% of the face amount of all Accounts Receivable shown
Current Items Amount. Buyer or Seller, as appropriate,shall -------------------- pay to the other (by increasing or decreasing the Purchase Price paid to Seller at the Closing) the net amount of the adjustments and prorations effected pursuant to the following provisions (the "Current Items Amount"). The adjustments provided for herein shall be made in accordance with generally accepted accounting principles ("GAAP") applied on a consistent basis as of the close of business (11:59 p.m., central time) on the day immediately preceding the Closing Date (the "Adjustment Time").
Current Items Amount. The Purchase Price shall be adjusted, plus or minus, by the net amount of the adjustments and prorations effected pursuant to paragraphs 2.6(a), (b), (c) and (d) (the "Current Items Amount").
Current Items Amount. As soon as practicable after the Final Closing Date, Buyer or Seller, as appropriate, shall pay to the other the net amount of the prorations determined pursuant to this Section 2.6 with respect to the Assets transferred by Seller to Buyer pursuant to this Agreement (the "Current Items Amount"). As of the relevant Closing Date, the following expenses shall be prorated, in accordance with generally accepted accounting principles consistently applied in the United States ("GAAP") with respect to each Service Agreement (and directly related Assets) transferred to Buyer at such Closing Date, so that the following expenses for periods prior to and including the relevant Closing Date shall be for the account of Seller, and the following expenses for periods after the relevant Closing Date shall be for the account of Buyer:
2.6.1. all payments and charges payable by Seller under the Service Agreements;
2.6.2. general property Taxes, special assessments, and ad valorem Taxes levied or assessed against any of the Assets;
2.6.3. sales and use Taxes, if any, payable with respect to video entertainment service and related sales under the Service Agreements transferred to Buyer;
2.6.4. copyright expenses; and
2.6.5. all other items of expense relating to the Assets during the period prior to the relevant Closing Date; provided, however, that Seller and Buyer shall not prorate any items of expense payable under any Excluded Assets, all of which shall remain and be solely for the account of Seller.
Current Items Amount. Continental or TCICP, as ----------- -------------------- appropriate, will pay to the other the net amount in favor of the other of the adjustments and prorations described in Section 2.4(a), (b), (c) and (d), which ------- ---------------- --- adjustments will be made without duplication of any amount (the "Current Items Amount").
Current Items Amount. In addition to the payment by Buyer of the Purchase Price, Buyer or Sellers, as appropriate, shall pay to the other the net amount of the adjustments and prorations effected pursuant to Sections 2.6(a), (b), (c), (d) and (e) (collectively, the "Current Items Amount").
Current Items Amount. The agreed estimated Current Items Amount, -------------------- if it favors Continental, by wire transfer of immediately available funds to the account designated by Continental.