Funded Expenses definition

Funded Expenses has the meaning assigned to that term in Section 3.5(b) hereof;
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Funded Expenses means, with respect to the Research Program or Other Funded Research, respectively: (i) direct salary expense for VirRx employees conducting such Research Program or Other Funded Research, plus direct employee benefit costs of such personnel (not including any amount associated with equity incentive plans), on a percentage-of-time basis, (ii) amounts paid to third parties for their performance of the Research Program or Other Funded Activities, (iii) administrative expenses, and (iv) other direct costs incurred by VirRx in performing the Research Program or Other Funded Research. For purposes of clause (iii), "administrative expenses" shall mean the reasonable and customary costs of supporting and maintaining the Research Program and the Other Funded Research, respectively (e.g. legal, payroll and accounting expenses), and for purposes of clause (iv), "other direct costs" shall mean the costs of facilities, equipment and materials used by VirRx directly in the Research Program or Other Funded Activities, respectively, provided that: (x) such administrative expenses and other direct costs are allocated to the Research Program and Other Funded Research on a reasonable basis, in the same manner and on a consistent basis for all such activities and other activities of VirRx outside the Research Program and the Other Funded Research, and (y) in no event shall the sum of such administrative expenses and such other direct costs for the Research Program or the Other Funded Research, respectively, exceed [*] of the respective costs described in (i) for the ---------- * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. Research Program or such Other Funded Research. In addition, in no event shall such administrative expenses and other direct costs include costs of capital, or the costs of capacity not required or not utilized for the conduct of the Research Program.
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Funded Expenses means Partnership Expenses paid directly or --------------- reimbursed by the Limited Partner pursuant to Section 5.2(a) and 5.2(d) -------------------------
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Examples of Funded Expenses in a sentence

  • Purchaser shall provide sufficient funds to the Acquired Company to enable the Acquired Company to pay all Seller Funded Expenses to the extent that they have not been paid prior to the close of business on the Business Day immediately preceding the Closing Date, up to the amount thereof set forth in the Estimated Closing Certificate.

  • Councilmember Hoemberg moved, Member Hammond seconded the motion to adjourn.

  • At the Closing (as defined below), Purchaser shall transfer (i) an amount of cash (in United States dollars of immediately available funds) equal to the Purchase Price minus the Seller Funded Expenses (the “Upfront Payment”) to the third party account of the Notary in accordance with the instructions in the Notary Instruction Letter, and (ii) on behalf of the Sellers, the amounts set forth on the Estimated Closing Certificate to the persons listed therein..

  • At the Closing, Purchaser shall transfer an amount of cash (in United States dollars of immediately available funds), or common stock, par value $0.001 per share, of Purchaser (“Purchaser Common Stock”), equal to the Initial Purchase Price minus (i) the Escrow Amounts, (ii) the Seller Funded Expenses and (iii) the Loan Amount (the “Upfront Payment”) to the third party account of the Notary in accordance with the instructions in the Notary Instruction Letter.

  • After the payment of the In-License Expenses authorized under Section 5.2.1, at least [*] of the Periodic Introgen Funding (on a rolling, six-month basis) shall be used solely for Funded Expenses that VirRx incurs in performing the Research Program in accordance with the Research Plan and Budget approved by the JRC.

  • After the payment of the In-License Expenses authorized under Section 5.2.1, VirRx may use up to [*] of the Periodic Introgen Funding to pay up to an additional [*] in In-License Expenses (beyond that authorized under Section 5.2.1) and for Funded Expenses of Other Funded Research in accordance with this Section 5.2.3.

  • The planned budget for research projects may vary each year, depending on the planned activities specific to each project.II.3.2. Funded Expenses This grant call is designed to support expenses relating to collaboration with a Japan counterpart for a Singapore-based researcher.

  • From and after the Prime Rate Date, the MPV Allowable Expenses and the Funded Expenses and shall be subject to interest at a variable rate per annum equal on each day to LIBOR as then in effect plus 4% compounded annually both before and after default and judgement until all MPV Expenses are repaid by MPV to De Beers in accordance with Section 11.3 of this Agreement and such repayment of the MPV Expenses shall be secured solely in the manner provided in Sections 10.2 and 11.3 of this Agreement..

  • Dr 6800 Future Funded Expenses Cr 2995 Estimated Cleanup Cost Liability Record the current period liability for cost to be funded in the future.

  • VirRx shall use the Periodic Introgen Funding solely for the In-License Expenses and the Funded Expenses that VirRx incurs in performing the Research Program and/or Other Funded Research, as further described in Sections 5.2.1, 5.2.2 and 5.2.3 below.

Related to Funded Expenses

  • Excluded Expenses means an amount a claimant pays for insurance offered under a health benefit plan for a taxable year if:

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • Cash Expenses means, for any period, the Operating Expenses for the operation of the Property as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred by Borrower minus any payments into the Tax and Insurance Escrow Fund.

  • Permitted Expenses shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Current Expenses means operating costs other than personal services and shall not

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Recovery Expenses means, for any Recovery Quarter, the amount of actual, reasonable and necessary out-of-pocket expenses (other than Capitalized Expenditures) paid to third parties (other than Affiliates of the Assuming Bank) by or on behalf of the Assuming Bank, as limited by Sections 3.2(c) and (d) of Article III to this Commercial Shared-Loss Agreement, to recover amounts owed with respect to (i) any Shared-Loss Asset as to which a Charge-Off was effected prior to the end of the final Shared-Loss Quarter (provided that such amounts were incurred no earlier than the date the first Charge-Off on such Shared-Loss Asset could have been reflected on the Accounting Records of the Assuming Bank), and (ii) Failed Bank Charge-Offs/Write-Downs (including, in each case, all costs and expenses related to an Environmental Assessment and any other costs or expenses related to any environmental conditions with respect to the Shared-Loss Assets (it being understood that any remediation expenses for any such pollutant or contaminant are not recoverable if in excess of $200,000 per Shared-Loss Asset, without the Assuming Bank having obtained the prior consent of the Receiver for such expenses); provided, that, so long as income with respect to a Shared-Loss Loan is being prorated pursuant to the arithmetical formula in subsection (II) of the definition of “Recoveries”, the term “Recovery Expenses” shall not include that portion of any such expenses paid during such Recovery Quarter to recover any amounts owed on that Shared-Loss Loan that is derived by: subtracting (1) the product derived by multiplying:

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Administration Expenses Payment means the amount the Administrator will be paid from the Gross Settlement Amount to reimburse its reasonable fees and expenses in accordance with the Administrator’s “not to exceed” bid submitted to the Court in connection with Preliminary Approval of the Settlement.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).

  • Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.