Legacy Costs definition

Legacy Costs one-time expenses for the costs of lease or other contract terminations and other similar costs of the type described in Emerging Issues Task Force Issue 95-3, “Recognition of Liabilities in connection with a Purchase Business Combination”.

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Legacy Costs means those costs payable under Sections 8.2, 8.3 and 8.4 of the CSA

Legacy Costs means and includes but are not limited to liability

Examples of Legacy Costs in a sentence

Legacy Costs as invoiced monthly by SJCC will be allocated using a Remaining Participant’s Common Participation Share for that year.
This $50/ton covers all payment obligations for coal supplied to the Exiting Participants that might otherwise be due under (i) this Restructuring Agreement; (ii) the CSA, including Legacy Costs, taxes and royalties; and (iii) gross receipts taxes under the Refined Coal Supply Agreement or otherwise.
Support Service Site Address Same as Technical/Development Address unless this block modified.
If any funds remain in the Legacy Escrow after payment of all Legacy Costs, such funds shall be disbursed as set forth in clause (i) of this Section 11(i).
In addition, notwithstanding Section 4.2, the aggregate Revolving Commitments shall not be reduced at the termination of the Legacy Costs Advance Period except to the extent that any portion of the Legacy Costs Revolving Loans Sublimit remains undisbursed or to the extent that Legacy Costs Revolving Loans are repaid during the Legacy Costs Advance Period.
Once repaid, the Legacy Costs Revolving Loans may not be reborrowed.
Any mandatory prepayments of the Loan (whether required in connection with a partial release of the Mortgage pursuant to Section 6 of the Third Modification or otherwise) shall be applied as provided in Section 10.5 of the Loan Agreement (provided that Standard Revolving Loans shall be repaid before Legacy Costs Revolving Loans), and the Revolving Commitments shall be permanently reduced by the Revolving Loans prepaid on a pro rata basis.
Notwithstanding the foregoing, the Parties agree that the Transaction Costs and Legacy Costs payable by Makena shall be paid at the Effective Time from the proceeds of the Private Placement.
If at any time the aggregate principal amount of all outstanding Legacy Costs Revolving Loans exceeds the Legacy Costs Revolving Loans Sublimit, the Borrower shall immediately upon demand pay to the Administrative Agent for the account of the Lenders the amount of such excess to be applied ratably to the Legacy Costs Revolving Loans.
Borrower shall use funds in the Legacy Escrow to pay Legacy Costs on a reasonably prompt basis.

More Definitions of Legacy Costs

Legacy Costs means amounts actually paid by Borrower in respect of settling and paying legacy costs relating to discontinued business operations including, without limitation, costs relating to the KBR amenities purchase obligation, the Yamamura contract, the ▇▇▇▇▇▇▇/Roeper settlement, golf-related settlement, closure and termination expenses, and severance, pension and retiree expenses."

Legacy Costs is defined in Section 10.7(c)(iv).

Legacy Costs means the liabilities of Makena relating to legal and accounting fees, other than the Transaction Costs, which were incurred prior to the Effective Time, up to a maximum of $80,000;

Legacy Costs means the expenses (including any settlement expenses) incurred in connection with the Borrower's obligation to purchase the spa, beach club improvements and the sundry store from Kapalua Bay Holdings, LLC, payments to ▇. ▇▇▇▇▇▇▇▇ and Sons, Inc. ("Yamamura") in connection with the settlement of claims made by Yamamura against the Borrower, expenses related to the ▇▇▇▇▇▇▇/Roeper settlement, various golf-related obligations in connections with claims made by the LPGA and PGA and other expenses resulting from the sale of the Plantation Golf Course and Bay Golf Course closure and termination expenses, various legacy, severance, pension, and retiree expenses, and such other items as may be agreed among Borrower, Lender, and ▇▇▇▇▇ Fargo Bank.

Legacy Costs means and includes but are not limited to liability and insurance coverage for worker's compensation, medical malpractice, and property claims; auditing costs; civil service and training costs; personnel costs such as termination pay, unemployment compensation, and retiree health and life insurance benefits; and miscellaneous costs such as utilities, buildings and grounds maintenance costs, security costs, or administrative costs.