Assumed Expenses definition

Assumed Expenses has the meaning assigned to it in Section 1.1(a).

Assumed Expenses means (i) the Ordinary Course trade accounts payable (including, without limitation, for utilities, garbage collection, phone service and cell phone service) and accrued expenses (including, without limitation, accrued but unpaid accounting fees, real estate taxes, compensation, insurance, employee benefits, vacation and sick pay) of the Subject Business as of the Closing Date of the type identified on the Estimated Closing Date Balance Sheet, and (ii) accrued reasonable attorneys’ fees and expenses relating to the transactions contemplated hereby in an amount not to exceed Fifteen Thousand Dollars ($15,000) as reflected on the Estimated Closing Date Balance Sheet.

Assumed Expenses is defined in Section 2.01(d)(i).

Examples of Assumed Expenses in a sentence

• The study finds that greenhouse gas emissions from rail transport are more strongly influenced by non-operational components than for road transport.

• The consideration for the Assets shall be (i) $640,000,000 plus the amount, if any, by which the Cap exceeds the Actual Assumed Expenses (the "Purchase Price") and (ii) the assumption of the Assumed Liabilities; provided that the Purchase Price may be increased pursuant to Section 1.3(a)(ii) and decreased pursuant to Section 8.4(d).

• Bank agrees to pay Servicer the servicing fees (“Servicing Fees”) as specified in Schedule 1-D hereto, Schedule 2-D, and so forth (each a “Fee Schedule”) and to reimburse Servicer for any Bank Assumed Expenses in accordance with the terms of the relevant Fee Schedule.

• Servicer shall provide Bank with a monthly statement showing any Bank Assumed Expenses payable by Bank for each calendar month during the term of the Wal-Mart Program no later than [***] after the end of such calendar month.

• Servicer shall provide Bank with a monthly statement showing any Bank Assumed Expenses payable by Bank for each calendar month during the term of the Wal-Mart Program no later than [*] ([*]) [*] after the end of such calendar month.

More Definitions of Assumed Expenses

Assumed Expenses shall have the meaning set forth in Section 4.8(a).

Assumed Expenses means certain investment banking, legal, transfer agent and insurance fees and expenses in the amount of $499,809 (not including sales taxes), in the aggregate, that will be directly paid by Harris, on behalf of Sand, on the Effective Date pursuant to the Arrangement Agreement;

Assumed Expenses has the meaning given to it in Section 2.05;

Assumed Expenses. Section 2.3

Assumed Expenses means all out-of-pocket expenses incurred by or on behalf of Parent, in each case, in connection with the Private Purchases, the Rollover, the Contribution, the Merger and all other transactions or securities filings incidental to the foregoing (collectively, the “Transactions”), including out-of-pocket fees and expenses incurred by or on behalf of members of Parent in connection with the Transactions.

Assumed Expenses has the meaning set forth in Section 13.01.

Assumed Expenses means: