Expended Amount definition
Examples of Expended Amount in a sentence
In no event shall Landlord be liable to Tenant for the amount, if any, by which the Expended Amount for any Required Period exceeds the Required Amount for such Required Period.
Within thirty (30) days after the end of the Required Period, Tenant shall deliver to Landlord an Officer's Certificate certifying the amount expended in respect of Permitted Expenditures during such Required Period (the "Expended Amount"), and the excess, if any, of the Required Amount for such Required Period over the Expended Amount for such Required Period (the "Excess Amount") shall be payable in accordance with Section 3.3 hereof.
Notwithstanding the foregoing, subject to the conditions set forth in Article VII, this Agreement may not be terminated by any party under any circumstance until after the completion of the PCS `C' Block Auction or until after the Bidding Subsidiary ceases to bid in the PCS `C' Block Auction, in which event this Agreement may be terminated only as to the amount by which the total Purchase Commitments exceed the Expended Amount.
Within forty five (45) days after the end of each Lease Year during the Required Period, Tenant shall deliver to Landlord an Officer's Certificate certifying the amount expended in respect of, and providing an itemized list of, Permitted Expenditures made during such applicable Lease Year (the "Expended Amount").
The obligation of each of ---------------------------------------- the parties to consummate the Transactions contemplated to occur at the Closing shall be conditioned on the Company being awarded one or more PCS Licenses at the PCS "C" Block Auction; provided, that, the Closing shall occur on August 12, 1999 even if the Company has not been awarded any PCS Licenses, unless the Expended Amount shall be zero.