Expense Adjustment definition

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

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.

Expense Adjustment means [***].

Examples of Expense Adjustment in a sentence

• Until the Operating Expense Estimate for any Operating Year is furnished by Landlord, Tenant shall continue to pay monthly installments on account of such Operating Year's Operating Expense Adjustment based upon the last Operating Expense Estimate provided by Landlord to Tenant.

• From and after , Tenant shall pay to Landlord, on account of the Operating Expense Adjustment for the current Operating Year, monthly in- stallments in advance equal to one-twelfth (1/12) of the estimated Operating Expense Adjustment for such Operating Year (the "Operating Expense Estimate").

• On the first day of the first month following the delivery of such Operating Expense Statement, Tenant shall pay to Landlord (or Landlord shall credit to Tenant) any deficiency (or excess) between the installments paid on account of the preceding Operating Year's Operating Expense Adjustment and the actual Operating Expense Adjustment for such Operating Year.

• Tenant shall pay, without any setoff or deduction whatsoever, the Tax Adjustment and the Operating Expense Adjustment, as such terms are defined in Exhibit "C" hereto, in the amounts and in the manner set forth in Exhibit "C".

• The Tax Adjustment, the Operating Expense Adjustment and all other sums due hereunder (other than Fixed Rent) are sometimes hereinafter referred to together as the Additional Rent.

More Definitions of Expense Adjustment

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

Expense Adjustment has the meaning set forth in Section 1.4(e).

Expense Adjustment has the meaning ascribed thereto at subsection 4.6;

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

Expense Adjustment is defined in Section 6.7(a).

Expense Adjustment. 2(b)(ii) "Expenses" 2 "Expiration Date" 1 "Financial Services" 54(c)

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.