Subscriber Adjustment. The Base Price shall be decreased by 24.982 percent of the product of (i) $300.00 and (ii) the excess, if any, of the Target Number of Subscribers over the number of Subscribers as of the Closing Date (such decrease in the Base Price being referred to herein as the "Subscriber Adjustment"); PROVIDED, HOWEVER, that for purposes of determining the Subscriber Adjustment, a Tentative Subscriber shall be counted as a Subscriber as of the Closing Date if as of the end of the Partnership's normal Billing Cycle which commences after the Closing Date such Tentative Subscriber is still an active cellular telephone service customer of the Cellular System and has paid all charges for service when due.
Appears in 1 contract
Sources: Stock Purchase Agreement (Dobson Communications Corp)
Subscriber Adjustment. The Base Price shall be decreased by 24.982 75.018 percent of the product of (i) $300.00 and (ii) the excess, if any, excess of the Target Number of Subscribers over the number of Subscribers as of the Closing Date (such decrease in the Base Price being referred to herein as the "Subscriber Adjustment"); PROVIDED, HOWEVER, that for purposes of determining the Subscriber Adjustment, a Tentative Subscriber shall be counted as a Subscriber as of the Closing Date if as of the end of the Partnership's normal Billing Cycle which commences after the Closing Date such Tentative Subscriber is still an active cellular telephone service customer of the Cellular System and has paid all charges for service when due.
Appears in 1 contract
Sources: Stock Purchase Agreement (Dobson Communications Corp)