Litigation Reserve Amount definition

Litigation Reserve Amount means the Closing Litigation Reserve, as adjusted from time to time pursuant to Section 3(a) of this Agreement.

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Litigation Reserve Amount means the sum of

Litigation Reserve Amount. As of any date of calculation, an amount equal to the (i) the sum of the reserve for legal disputes (other than reserves for the Specified Disputes) and the “reserve for unasserted claims in Mississippi”, in each case as included on or reflected in the Closing Balance Sheet, minus (ii) the aggregate Designated Litigation Expenses paid by SPS prior to such date of calculation but during the Payment Period; provided, however, that the result shall not be less than zero.

Examples of Litigation Reserve Amount in a sentence

• Accordingly, the Monthly Contingent Payments to be made to the Payees hereunder will only be reduced for Designated Litigation Expenses once the Litigation Reserve Amount shall have been reduced to zero, as more specifically described in the definition of “Designated Litigation Expense Adjustment”.

• If the total amount of such Damages with respect to Specified Tax Proceedings exceeds the Apportioned Litigation Reserve Amount, then (subject to the limitations set forth in Section 9.3(a)), the Indemnitees shall be entitled to be indemnified against and compensated and reimbursed for the portion of such aggregate Damages that exceeds the Apportioned Litigation Reserve Amount.

• The parties to this Agreement acknowledge that the Cash Payment made by the Option Holder to the Payees pursuant to the Option Agreement will not include an amount equal to the Litigation Reserve Amount.

More Definitions of Litigation Reserve Amount

Litigation Reserve Amount means the sum of $157,400, which shall be held by the Disbursing Agent in the Litigation Reserve Account subject to the provisions of the Escrow Agreement.

Litigation Reserve Amount means the sum of $157,400;

Litigation Reserve Amount means one million, two hundred thousand (1,200,000) euros. "Material Contract" has the meaning ascribed to it in Section 4.13(a) hereof.

Litigation Reserve Amount means $500,000.