Agreed Leakage Amount definition

Agreed Leakage Amount has the meaning given in Clause 4.4;

Agreed Leakage Amount has the meaning give in Clause 4.2(a); “Agreed Rate” means 10%;

Agreed Leakage Amount has the meaning given in Section 15.3(a).

Examples of Agreed Leakage Amount in a sentence

• If any breach of Clause 10.1 occurs, and to the extent that an amount equal to such Leakage is not included within the Agreed Leakage Amount, the Seller shall pay to the Purchaser on demand in USD an amount in cash equal to the amount of such Leakage (as determined pursuant to Clause 10.4) plus the applicable Leakage Daily Payment Amount within 10 Business Days from the date of demand (unless deducted under Clause 3.1.5).

• From the Put Option Date, the Seller shall immediately notify the Purchaser in writing if it becomes aware of a payment or transaction which (i) constitutes or which (ii) might constitute a breach of Clause 5.1 and it is hereby agreed and acknowledged by the Seller that anything notified pursuant to limb (i) of this Clause 5.4 which constitutes a breach of Clause 5.1 shall be deemed to be an Agreed Leakage Amount for the purposes of Clause 5.2(a).

• In respect of any Agreed Leakage Amount, the Major Shareholder shall, within two Business Days of the Second Closing, return the applicable number of Exchange Shares to Pubco to settle all of its payment obligations in respect of the Agreed Leakage Amount.

More Definitions of Agreed Leakage Amount

Agreed Leakage Amount means the amount of actual Leakage from the Company as set out in the Agreed Adjustment Statement.

Agreed Leakage Amount. Section 3.4.2 “Agreement” Headings of the Agreement “BNB Clearance Condition” Section 4.1.1