Deferred Non-accountable Expenses Clause Samples

The Deferred Non-accountable Expenses clause defines how certain costs incurred by a party, which are not subject to detailed accounting or itemization, can be postponed for recognition or reimbursement until a later date. In practice, this means that expenses such as administrative fees or general overheads, which are difficult to track precisely, may be accumulated and settled at a future time rather than immediately. This clause helps streamline financial processes by reducing the administrative burden of tracking minor or hard-to-quantify expenses, ensuring smoother operations and minimizing disputes over small or ambiguous costs.
Deferred Non-accountable Expenses. The Company further agrees that, in addition to the expenses payable pursuant to Section 3.10.1, upon the consummation of the initial Business Combination, it will pay to the Representative a non-accountable expense allowance equal to $400,000 (of which $50,000 has previously been paid). This non-accountable expense allowance shall be paid from the proceeds deposited in the Trust Fund.
Deferred Non-accountable Expenses. Upon the consummation of the initial Business Combination, the Company will pay FBW a non-accountable expense allowance of One Million Five Hundred and Fifty Two Thousand Five Hundred Dollars ($1,552,000). This non-accountable expense allowance shall be paid from the proceeds deposited in the Trust Fund.
Deferred Non-accountable Expenses. The Company further agrees that, in addition to the expenses payable pursuant to Section 3.13.1, upon the consummation of the initial Business Combination, the Company will pay FBW a non-accountable expense allowance equal to 2.25% of the gross proceeds (One Million Three Hundred and Fifty Thousand Dollars ($1,350,000) in the aggregate). This non-accountable expense allowance shall be paid from the proceeds deposited in the Trust Fund.