Initial Transaction Costs Sample Clauses
The Initial Transaction Costs clause defines which expenses incurred at the outset of a transaction are to be paid, and by whom. Typically, this includes fees such as legal costs, due diligence expenses, and filing charges, and it specifies whether these costs are borne by the buyer, seller, or shared between parties. By clearly allocating responsibility for these initial costs, the clause helps prevent disputes and ensures transparency regarding financial obligations at the start of the transaction.
Initial Transaction Costs evidence that the Initial Transaction Costs have been or will be paid in full at the time that the initial Funding Portion is provided;
Initial Transaction Costs evidence that the Initial Transaction Costs have been or will be paid in full at the time the Tranche 1 Funding Portion is provided;