Expense Adjustment definition

Expense Adjustment shall have the meaning described in Section 5(a).

Expense Adjustment means [***].

Expense Adjustment means the sum of (i) all legal, accounting and other third party professional fees and expenses incurred by the Company in connection with the transactions contemplated hereby up through the Closing Date, except for the fees and expenses of Ernst & Young LLP, (ii) the amount of all reimbursements of out-of-pocket and overhead expenses of Xxxxxx Capital Corporation and Fenway Partners Capital Fund, L.P. paid by the Company in connection with the transactions contemplated hereby, (iii) 50% of the first $50,000 in aggregate payments and 100% of all payments thereafter made by the Company to third parties in connection with obtaining consents in connection with this Agreement and the transactions contemplated hereby, including without limitation consents listed on Schedule 8.3, and (iv) the amount of prepayment premiums paid by the Company in excess of $700,000 in connection with the payment of Prior Owner Debt pursuant to Section 2.2.

Examples of Expense Adjustment in a sentence

• The Operating Expense Adjustment shall be appropriately adjusted on the basis of such audit.

• If this Lease has been terminated or the Term hereof has expired prior to the date of such statement, then the Operating Expense Adjustment shall be paid by the appropriate party within twenty (20) days after the date of delivery of the statement.

• If the amount of the actual Tax and Operating Expense Adjustment is less than the estimated payments for such calendar year made by Tenant, any excess shall be credited against Rent (as hereinafter defined) next payable by Tenant under this Lease or, if the Lease Term has expired, any excess shall be paid to Tenant.

• Within one hundred twenty (120) days after the end of each fiscal year, or as soon thereafter as practicable, Landlord shall deliver to Tenant a statement of actual Operating Expenses for the fiscal year just ended, accompanied by a computation of Operating Expense Adjustment.

• In the event that such results show that Tenant has underpaid its obligations for a preceding period, Tenant shall be liable for Landlord's actual accounting fees, and the amount of such underpayment shall be paid by Tenant to Landlord with the next succeeding installment obligation of estimated Tax and Operating Expense Adjustment.

More Definitions of Expense Adjustment

Expense Adjustment has the meaning ascribed thereto at subsection 4.6;

Expense Adjustment has the meaning set forth in Section 3(b) of the Purchase Agreement.

Expense Adjustment. The Operating Expense Adjustment shall continue in accordance with Section 11.3 of the Lease. Lessee's pro-rata share of the building shall be amended to reflect the amended square footage in Paragraph 1 above (13,895 rentable square feet), thereby reducing Lessee's pro-rata share of the building to twenty-four and one-quarter percent (24.25 %) for the purposes of calculating operating expense pass-throughs.

Expense Adjustment shall have the meaning set forth in Section 2(c)(i).

Expense Adjustment. Tenant shall pay Tenant’s Proportionate Share of the amount by which Expenses for any Adjustment Year exceeds Expenses for the Base Year.

Expense Adjustment means a dollar amount (which may be positive or negative) determined for each of Year 2 and Year 3 as follows: (1) If Actual Expenses for the Year are less than Budgeted Expenses for the Year, the Expense Adjustment is zero ($0). (2) If Actual Expenses for the Year are greater than Budgeted Expenses for the Year, the Expense Adjustment is equal to: (A) Actual Revenues for the Year multiplied by the Expense Percentage at Budget for the Year, minus (B) Actual Expenses for the Year. A positive difference is a positive Expense Adjustment for the Year; a negative difference is a negative Expense Adjustment for the Year.

Expense Adjustment means the amount by which the Expenses set forth on the WC/NI Statement is greater than or less than the amount of the Expenses set forth on the Estimated WC/NI Statement, expressed as a negative number, if greater, or as a positive number, if less.