Examples of Expense Notice in a sentence
Owner agrees to provide Owner’s Expense Notice at least thirty (30) days prior to the date on which the first payment by Operator is due, and such Owner’s Expense Notice shall only be revocable upon thirty (30) days prior written notice from Owner.
Upon Owner’s written request and direction, Operator shall pay on behalf of Owner from the Agency Account (but only to the extent that such funds are available in the Agency Account following the payment of all Operating Expenses and Fixed Charges), such other Owner Expenses as may be requested by Owner; provided, however, Operator will not be required to pay such Owner Expenses until Operator receives Owner’s Expense Notice.
Servicer shall notify each Lender promptly of any advances made by the Servicer on behalf of the Lenders pursuant to this Section 6.3 (“Protective Advances”) by giving the Lenders a written Expense Notice in accordance with Section 6.1(a) above and the repayment of the Protective Advance shall thereafter be governed by the Lender Assessment provisions of Section 6.1 above.
The DIP Lender shall provide copies of any reasonably detailed invoice (redacted as may be appropriate) received by it to the Debtors and counsel for the subchapter V trustee (hereinafter “Lender Expense Notice Parties”).
Upon delivery of an Excess Expense Notice and notwithstanding anything to the contrary in this Agreement, the SPAC shall not be required to incur any costs or expenses the SPAC reasonably determines to be Excess Reimbursable SPAC Expenses until the Company and the SPAC have agreed to the allocation described in the previous sentence (the “Excess Expenses Agreement Time”, and the time from the Excess Expense Notice and until the Excess Expenses Agreement Time, the “Limitation Period”).
Following receipt of an Excess Expense Notice, the Company and the SPAC shall negotiate in good faith to agree upon an allocation of all Excess Reimbursable SPAC Expenses.
In the event a Lender Expense Notice Party(ies) asserts an objection within the time period provided for herein, the DIP Lender shall be authorized without further order of the Court to pay the undisputed portion of such invoice by making an advance in like amount under the DIP Facility Agreements, and any dispute with regard to amounts objected to shall be resolved by the Court; provided, however, the Debtors may seek a determination by the Court whether such fees and expenses are reasonable.
Any Lender Expense Notice Party shall have ten (10) days after submission of such invoice by the DIP Lender to assert an objection to payment of the amounts sought in the subject invoice.
Within five (5) Business Days of receipt by Owner of the Expense Notice, Owner shall deposit an amount of funds in the Designated Account so that the balance of the aggregate unspent amounts deposited by Owner into the Designated Account after such deposit shall equal 125% of the amount set forth in the Expense Notice.
For each calendar month of that next calendar year (beginning with January 1st after the date of the Expense Notice), Tenant shall pay to Landlord, as Additional Rent hereunder, one-twelfth (1/12th) of Tenant’s Pro Rata Share of the Expense Estimate (the “Tenant’s Monthly Share”) in advance, without deduction, set off or demand on the 1st day of each calendar month with Tenant’s payment of Basic Monthly Rental.