Break Fee; Expense Reimbursement Sample Clauses

Break Fee; Expense Reimbursement. If this Agreement is terminated pursuant to Section 9.1(f) or Section 9.1(g) above, then Seller shall pay to Buyer the amount of $1,500,000 (the “Breakup Fee”) plus reimbursement of all reasonable expenses incurred in connection with Buyer’s efforts to negotiate and consummate the purchase and sale of the Acquired Assets contemplated by this Agreement, up to $1,300,000 (the “Expense Reimbursement”); provided, that, if Buyer elects to seek specific performance pursuant to Section 9.17 of this Agreement, then Buyer shall not be entitled to the Breakup Fee or the Expense Reimbursement. If this Agreement is terminated pursuant to Section 9.1(c), then the Breakup Fee and Expense Reimbursement shall be payable from the proceeds of the replacement DIP financing or from the proceeds of an alternative transaction whereby the assets contemplated to be sold to Buyer are instead sold to a third party. The Breakup Fee and Expense Reimbursement shall constitute 692183/15/PHOENIX administrative expense claims pursuant to section 503(b) of the Bankruptcy Code and shall have priority over all other administrative expense claims, subject to the Carveout. Notwithstanding any provision to the contrary in this Agreement, the Breakup Fee and Expense Reimbursement payable to Buyer shall not be recovered from the proceeds of chapter 5 claims or other estate litigation.
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Related to Break Fee; Expense Reimbursement

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals; provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer; and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (xxxx://xxx.xxxxxx.xxxxx.xx.xx/procurement/prog/stmp/). Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Anticipated travel expenses must be pre-approved in writing by Customer.

  • Meal Reimbursement 1. If an employee is required to work one and one-half (1-1/2) hours before or beyond his/her normal working day or on overtime for emergency purposes or for extended work periods of five (5) or more hours in length on a day that is not the employee’s regular work day, and the employee is not exercising flexible work hours, the employee shall be reimbursed for the actual cost of a meal/food items not to exceed $18.00, plus tip (not to exceed 15%) and applicable taxes. Reimbursement is contingent upon the employee providing receipts.

  • Course Reimbursement 15.9.1 Prior approval by the Department of Accountability & Staff and School Renewal is required.

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows:

  • Reimbursable Expenses; Maximum Total Payment; Invoicing District will make no payment until this Contract is fully executed by the authorized representatives of both parties.

  • Non-Reimbursable Expenses In addition to the non-reimbursable items set forth above in this Policy, the following is a non-exhaustive list of expenses that will not be reimbursed by Xxxxxxxxxx County:

  • Tuition Reimbursement A. Agencies may approve full or partial tuition reimbursement, consistent with agency policy and within available resources.

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses Xxxxxxx has incurred at the time of the request;

  • Reimbursement of Eligible Costs To be eligible for reimbursement, the Engineer's costs must (1) be incurred in accordance with the terms of a valid work authorization; (2) be in accordance with Attachment E, Fee Schedule; and (3) comply with cost principles set forth at 48 CFR Part 31, Federal Acquisition Regulation (FAR 31). Satisfactory progress of work shall be maintained as a condition of payment.

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