Legal Cost definition

Legal Cost means the reasonable documented out-of-pocket cost incurred by either Party associated with legal fees or expenditures in connection with any litigation between the Parties, or claim made by either Party against the other, arising from this Lease, or Landlord's enforcement of this Lease upon a Tenant Default, or Tenant's enforcement of this Lease upon a Landlord Default, or to enforce or interpret this Lease or seek declaratory or injunctive relief in connection with this Lease, or to exercise any right or remedy under or arising from this Lease, or to regain or attempt to regain possession of the Leased Premises or terminate this Lease, or in any Bankruptcy Proceeding affecting the other Party to this Lease.
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Legal Cost means the amount that pays for the lawyers and the court in legal proceedings in settling and defending the claim made against You.
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Examples of Legal Cost in a sentence

  • The Company shall provide funds to pay all such accountable expenses and the Legal Cost Reimbursement (less any advances previously paid) at the Closing of the Offering.

  • The Representative, on behalf of itself and the Underwriters, acknowledge and agree that the sum of the accountable expenses and the Legal Cost Reimbursement in an aggregate amount up to $200,000 represents the maximum amount of fees, disbursements and expenses incurred by the Underwriters relating to the Offering for which the Company shall be responsible.

  • If any judgment or settlement is made in favor of the Executive in such contest or dispute, the Company shall reimburse the portion of the reasonable Employee Legal Cost funded by the Executive (either directly or through a contingency arrangement) and not previously reimbursed by the Company.

  • Notwithstanding anything to the contrary in this Section 5, in the event that this Agreement is terminated by the Company, pursuant to Section 11(b) hereof, or subsequent to a Material Adverse Change, the Company will pay the out-of pocket expenses actually incurred as allowed under FINRA Rule 5110 by the Underwriters through the date of such termination (including the Legal Cost Reimbursement) in an aggregate amount not to exceed $100,000.

  • The Company shall provide funds to pay all such fees, expenses and disbursements the Expense Allowance and the Legal Cost Reimbursement at the Closing of the Offering.

  • To the extent that there is any Legal Cost Adjustment, the Legal Cost Adjustment shall be added to or deducted from the Equity Consideration, as applicable.

  • Torque will pay on the Effective Date to Zero Day a non- refundable payment of $20,000 ("Legal Expense Payment") to be used and applied by Zero Day toward the Torque Legal Cost Obligation.

  • For greater clarity, the Legal Cost Reimbursement will be deducted from the cash or the working capital amount, as appropriate, referred to in Section 5.1(o) hereof.

  • If the Legal Expense Payment exceeds the total amount of the Torque Legal Cost Obligation, the excess shall be paid by Zero Day to the Company as a Torque capital contribution.

  • Notwithstanding the foregoing, Torque agrees to pay 50% of the legal fees incurred by Zero Day in connection with the drafting and negotiation of this Agreement ("Torque Legal Cost Obligation").