Common use of Certain Operating Expenses Clause in Contracts

Certain Operating Expenses. Associated shall reimburse Contributor in cash at the Closing or, with respect to any DEMS License or channels covered thereby control of which is not permitted to be transferred at the Closing, upon transfer of control of such DEMS License or channels covered thereby, for all expenditures incurred and paid by FirstMark or Contributor from and after the date six (6) months after the date hereof required to fund actions deemed by Contributor and/or FirstMark to be necessary or desirable to be taken in order to fulfill customer requirements in connection with the regular operation of the DEMS Systems, including, without limitation, the implementation of marketing, construction and development plans and legal fees and expenses related thereto (collectively, the "Operating Expenses"). Reimbursements by Associated for Operating Expenses under this Section 3(f) shall be made by wire transfer of immediately available funds to an account previously designated by Contributor to Associated, against receipt by Associated of reasonably itemized invoices or other records documenting such Operating Expenses.

Appears in 4 contracts

Samples: Stock Contribution Agreement (Associated Group Inc), Stock Contribution Agreement (Forester Lynn), Stock Contribution Agreement (Teligent Inc)

AutoNDA by SimpleDocs

Certain Operating Expenses. Associated shall reimburse Contributor in cash at the Closing or, with respect to any DEMS License or channels covered thereby control of which is not permitted to be transferred at the Closing, upon transfer of control of such DEMS License or channels covered thereby, for all expenditures incurred and paid by FirstMark or Contributor from and after the date six (6) months after the date hereof required to fund actions deemed by Contributor and/or FirstMark to be necessary or desirable to be taken in order to fulfill customer requirements in connection with the regular operation of the DEMS Systems, including, without limitation, the implementation of marketing, construction and development plans and legal fees and expenses related thereto (collectively, the "Operating Expenses"). Reimbursements by Associated for Operating Expenses under this Section 3(f) shall be made by wire transfer of immediately available funds to an account previously designated by Contributor to Associated, against receipt by Associated of reasonably itemized invoices or other records documenting such Operating Expenses.. 15

Appears in 1 contract

Samples: Stock Contribution Agreement (Cherrywood Holdings Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!