Examples of Leakage Amount in a sentence
VE shall make reasonably available to VI all relevant books, records and other supporting information reasonably required for VI’s review of the Leakage Amount upon reasonable advance notice and during normal business hours.
On the other hand, (i) if Leakage has occurred between 30 June 2023 and Completion, the relevant Seller must pay in cash to the relevant Buyer the Leakage Amount; and (ii) if any Seller becomes aware of any circumstance or matter that could reasonably be expected to give rise to any Leakage, the relevant Seller must promptly notify the relevant Buyer in writing, including the reasonable details of the Leakage Amount (the “Notified Leakage Amount”).
The fees and disbursements of the Leakage Accounting Firm shall be borne by VI, it being agreed that fifty percent (50%) of such fees or disbursements shall be included in the Leakage Amount.
Subject to Completion, the Seller warrants to the Purchaser that there has been no Leakage between the Locked Box Date and the date of this Agreement and undertakes to the Purchaser that there will be no Leakage between the date of this Agreement and the Completion Date (in each case other than the Notified Leakage Amount), provided that the Seller shall have no liability to the Purchaser under this Clause 8 if Completion does not occur.
VI and VE shall make reasonably available to the Leakage Accounting Firm all relevant books, records and other supporting information reasonably required to determine the Leakage Amount, and any other items reasonably requested by the Leakage Accounting Firm.