Leakage Amount definition

Leakage Amount means an amount in cash equal to the cash amount or equivalent value of the relevant Leakage;

Leakage Amount has the meaning set forth in Section 2.7(b).

Leakage Amount means, with respect to any Company Leakage, the aggregate amount of such Company Leakage, less the amount equal to any Tax benefit for the Company or the relevant Subsidiary (if any) attributable to such Company Leakage but only to the extent such Tax benefit is realized in the year such Company Leakage is incurred or the year following the year in which such Company Leakage is incurred.

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.

More Definitions of Leakage Amount

Leakage Amount means, with respect to each of Nova I and Nova II, the amount by which the dividends or other distributions paid by it during the Measurement Period (which shall exclude any Extraordinary Dividends, the Permitted Nova I Excluded Asset Distribution (with respect to Nova I only), the Distributing Party Special Dividend and the dividend payment made on July 1, 2017, but shall include any other dividends or other distributions paid in accordance with Section 3.02) exceeds its FFO during the Measurement Period.

Leakage Amount has the meaning given in Clause 4.1;

Leakage Amount means, without duplication, the aggregate amount of payments made, value transferred or liabilities assumed, directly or indirectly, by the Company or any of its Subsidiaries, whether in cash, cash equivalents or other assets or properties to, on behalf of, or for the benefit of, Seller or any Related Party of Seller, during the period from (but including) the date of the Latest Balance Sheet to (and including) the Closing Date, including, without duplication (and in each case directly or indirectly, but for the avoidance of doubt in each case excluding any Permitted Leakage Amount):

Leakage Amount means the Leakage minus the Leakage Tax Benefit;

Leakage Amount in relation to any Leakage, means the aggregate of the following to the extent that they constitute such Leakage:

Leakage Amount means the amount in respect of any Leakage which has accrued or been paid, incurred, assumed, indemnified, waived or committed by any Group Company between the Balance Sheet Date and the Closing Date.

Leakage Amount means any of the following to the extent occurring in or attributable to the period commencing on the Effective Date and ending on Completion: