Lease Assignment Fees definition
Lease Assignment Fees means any fee or any other amounts that become payable to the landlord or any other Person in connection with the assignment to Buyer or replacement of any real property lease of the Company, including any fees or amounts payable in order to secure the consent of the applicable landlord to such actions, in each case to the extent not previously paid by the Company as of Closing.
Examples of Lease Assignment Fees in a sentence
For purposes of Sections 1.02(a) and 1.02(b), as applicable, the amount of Estimated Cash on Hand, outstanding Indebtedness, unpaid Seller Transaction Expenses, Estimated Net Working Capital, Lease Assignment Fees and Approved Capital Expenditures shall be as set forth in the Closing Payment Calculation Statement as provided herein.
At the Closing, Buyer shall pay on behalf of the Company all Lease Assignment Fees set forth in the Closing Payment Calculation Statement by wire transfer of immediately available funds in accordance with, and to the accounts specified pursuant to, the Closing Payment Calculation Statement.