Leakage Notice definition

Leakage Notice has the meaning given in Clause 4.3;

Leakage Notice means a written notice of the occurrence of Leakage stating in reasonable detail the nature of the Leakage and the amount claimed.

Leakage Notice means the notice from the Seller to the Purchaser substantially in the form as included in Part 2 (Leakage Notice) of this Schedule 4 (Leakage);

Examples of Leakage Notice in a sentence

• A Leakage Notice shall not be valid unless it specifies in reasonable detail the factual basis of the alleged Leakage and evidence on which the Purchaser relies and sets out the Purchaser’s estimate of the amount of the Leakage Amount (including its calculation of the relevant Leakage Amount).

• If any Leakage (other than Permitted Leakage) occurs that is not otherwise accounted specifically and expressly for in the determination of the Adjusted Purchase Price, Purchaser may deliver a Leakage Notice to UK Seller in respect of such Leakage.

• UK Seller covenants to pay or cause to be paid to Purchaser, within 15 Business Days after a Leakage Notice becomes final and binding on the parties hereto pursuant to Section 3.03, an amount in cash equal to the amount or value of such Leakage (the “Leakage Amount”).

• Any Leakage Notice shall become final and binding upon the parties hereto on the 15th Business Day following delivery thereof, unless UK Seller gives written notice of its disagreement with the Leakage Amount (a “Notice of Disagreement”) to Purchaser prior to such date.

• The Seller shall not have any liability under this Section 6.13 unless a Leakage Notice has been sent to the Seller in writing on or before the expiry of 24 months after the Closing.

More Definitions of Leakage Notice

Leakage Notice has the meaning ascribed to it in Section 6.13(c).

Leakage Notice means a written notice of the occurrence of one or more instances of Leakage, stating in reasonable detail the nature of the Leakage and, if practicable, the Leakage Amount claimed.

Leakage Notice means a written notice of the occurrence of Leakage stating in reasonable detail the nature of the Leakage and the amount

Leakage Notice has the meaning given in Clause 3.2.1; Leakage Tax Benefit in respect of each Leakage item: a. the amount of VAT recoverable or off-settable by any Group Company in connection with the Leakage item; plus b. such portion of the Leakage item which is deductible for corporate income tax purposes multiplied by twenty-five percent (25%);

Leakage Notice has the meaning set forth in Section 3.12.

Leakage Notice has the meaning as defined in Section 5.3.1. Liability Cap has the meaning as defined in Section 8.2.2.

Leakage Notice has the meaning given in Clause 3.2.1; Loss has the meaning defined in articles 6:95 and 6:96 of the Dutch Civil Code, including in the event of a breach of the Sellers’ Warranties, the cash amount necessary to put the Purchaser (or at the option of Purchaser, the relevant Group Company) in a position similar to the position the Purchaser or such Group Company would have been in without the relevant breach; it being understood that (i) no EBIT(DA) or similar multiple or other valuation principles used by the Purchaser in calculating the Purchase Price shall be applied with a view to calculating the Losses, (ii) recurring losses can be claimed as a Loss, (iii) Losses shall not be reduced or set-off by any currently available Tax loss carry forward (“compensabele verliezen”); Management Presentations the presentations given by or on behalf of the management of the Group on 28 January 2013;