Expense Fund Amount definition

Expense Fund Amount means $250,000.

Expense Fund Amount has the meaning set forth in Section 12.1(e).

Expense Fund Amount means $100,000.

Examples of Expense Fund Amount in a sentence

• The Expense Fund Amount shall be held by the Representative in a segregated account and shall be used (i) for the purposes of paying directly or reimbursing the Representative for any Representative Expenses incurred pursuant to this Agreement (the “Expense Fund”).

• The Securityholder Representative is not providing any investment supervision, recommendations or advice and will not be liable for any loss of principal of the Expense Fund Amount other than as a result of its gross negligence, bad faith, fraud or willful misconduct.

• At Closing, Parent Group shall pay to the Paying Agent, for distribution to the Shareholders’ Representative (for the avoidance of doubt without any withholding or deduction on account of Tax) an amount equal to the Expense Fund Amount (such amount, together with any interest accrued thereon, are referred to herein collectively as the “Expense Fund”).

• The Securityholder Representative is not acting as a withholding agent or in any similar capacity in connection with the Expense Fund Amount, and has no tax reporting or income distribution obligations hereunder.

• The Expense Fund Amount and any interest accrued thereon are for the use solely by the Shareholders’ Representative to pay any costs, fees, payments, indemnities and other expenses related to the performance by the Shareholders’ Representative of his duties and obligations hereunder, on behalf of the Participating Equity Holders as determined under Section 11.13 to this Agreement.

More Definitions of Expense Fund Amount

Expense Fund Amount means an amount in cash equal to US$250,000.

Expense Fund Amount means an amount in cash equal to $150,000.

Expense Fund Amount has the meaning set forth in Section 2.11(b)(vii).

Expense Fund Amount means an amount equal to $200,000.

Expense Fund Amount means $400,000.

Expense Fund Amount has the meaning assigned to it in Section 1.3(a)(i).

Expense Fund Amount has the meaning set forth in Section 2.4(b)(iii)(B).