Future Expenses definition
Examples of Future Expenses in a sentence
Future Expenses incurred, if any, must be submitted on Synacor’s invoice, together with appropriate supporting documentation.
Developer shall provide City with written notice of any withdrawal of the Development Fees, including, but not limited to, withdrawals for Past Expenses, Future Expenses and Reinvestment Amounts.
The Company shall arrange for the fees and expenses of Wachovia Capital Markets, LLC to be paid at Closing out of the Estimated Future Expenses.
The Debtors, subject to Bankruptcy Court approval, shall pay in cash (i) all Prior Expenses promptly following entry of the Plan Support Agreement Approval Order and (ii) all Future Expenses promptly upon delivery of an invoice to the Debtors, but in no event later than ten (10) business days following such delivery and are, once paid, not refundable under any circumstances and will not be subject to counterclaim or setoff for, or be otherwise affected by any claim or dispute relating to any other matter.
In the event the amount of such reserve exceeds Actual Future Expenses, the Shareholder Representative shall distribute the excess to those Stockholders entitled to receive Merger Consideration on a pro rata basis in accordance with Section 3.02(a), at the times determined by the Shareholder Representative in his sole opinion, and such amounts shall be deemed to be Post-Closing Merger Consideration.
In no event shall the Shareholder Representative, the Parent, the Intermediate Parent or the Surviving Corporation be liable for Actual Future Expenses.
The Shareholder Representative shall cause all Dispute Losses due to a Dispute Indemnified Party to be paid on behalf of the Stockholders, initially from the Estimated Future Expenses and then, upon exhaustion of the same, from the Escrow Amount and finally from the Shareholder Representative personally.
The aggregate total of the Past Expenses and Future Expenses shall in no event exceed the amount which would leave a balance of the total Development Fees shown on the Financial Projections of Ten Million and No/100 Dollars ($10,000,000.00) to be distributed once the Project has Stabilized as provided herein.