Administrative Expense Amount definition

Administrative Expense Amount means $500,000, and any earnings on such amount, as such amount may be reduced from time to time due to payments made therefrom in accordance with the terms of this Agreement.

Administrative Expense Amount means $1,500,000.00.

Administrative Expense Amount shall have the meaning set forth in Section 10.12(j).

Examples of Administrative Expense Amount in a sentence

• At such time and from time to time that the Equityholders’ Representative determines in its discretion that a portion of the Administrative Expense Amount will not be required for the payment of such fees, expenses or costs, the Equityholders’ Representative shall distribute to the Equityholders, in accordance with each such Equityholder’s Percentage Share, such applicable amounts from the Administrative Expense Account.

• On the Closing Date, Purchaser shall deliver the Administrative Expense Amount to the Equityholders’ Representative by wire transfer of immediately available funds in accordance with Section 3.03(f).

• At the Effective Time, Purchaser shall pay, or, to the extent the Surviving Corporation has sufficient immediately available funds at such time, instruct the Surviving Corporation to pay, to an account specified by the Company (on behalf of the Equityholders’ Representative) at least three (3) Business Days prior to the Closing Date for the Administrative Expense Account, by wire transfer of immediately available funds, an amount in cash equal to the Administrative Expense Amount.

• In addition, on the Closing Date, Parent shall deposit, or cause to be deposited, via a wire transfer of immediately available funds, (A) to the Escrow Agent, the Escrow Amount and the Adjustment Reserve, and (B) to the Stockholders’ Representative, the Administrative Expense Amount.

• The Representative may, in its sole and absolute discretion, invest and reinvest all or any portion of the Administrative Expense Amount (including any interest earned thereon) in any manner it so determines or, at the sole option of the Representative, it may elect not to invest and/or reinvest all or any portion of the Administrative Expense Amount (including any interest earned thereon).

More Definitions of Administrative Expense Amount

Administrative Expense Amount means an amount equal to $500,000, such amount to be held by the Stockholder Representative and used for the purposes described in Section 2.8. An “Affiliate” of any Person means another Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with such first Person. For purposes of this definition, “control”, when used with respect to any person, means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by Contract or otherwise, and the terms “controlling” and “controlled” have correlative meanings.

Administrative Expense Amount means cash in an amount equal to the Administrative Expense Costs and CCAA Charge Amount, to be paid by the Company to the Monitor on the Closing Date out of the cash and cash equivalents of the Company as at the Closing Date and held in trust by the Monitor for the benefit of Persons entitled to be paid the Administrative Expense Costs and CCAA Charge Amount, subject to the terms hereof.

Administrative Expense Amount means $250,000, and any earnings on such amount, as such amount may be reduced from time to time by

Administrative Expense Amount shall have the meaning as set forth in Section 8.1(a).

Administrative Expense Amount has the meaning set forth in Section 11.19(a).

Administrative Expense Amount means Five Hundred Thousand Dollars ($500,000).

Administrative Expense Amount means Two Hundred Thousand No/100 Dollars ($200,000.00).