Organizational Costs means any and all expenses (including, without limitation, travel expenses, printing costs, legal and accounting fees, and other out-of-pocket expenses) incurred in connection with the organization of the Partnership.
Organizational Costs means the aggregate of (i) expenses and application fees associated with participation in the Company; (ii) allocable salaries and expenses of employees and consultants of the Manager assisting with the organization and formation of the Company and/or the Initial Capitalization; (iii) charges of depositories in connection with the Units; (iv) reasonable attorney, accountant, and consultant fees in connection with the organization and formation of the Company and the preparation of this OFFERING CIRCULAR; and (v) andy General and Administrative Expenses of the Manager during the Application Period.
Organizational Costs shall have the meaning assigned to it in Section 4.6(b). "Person" shall mean an individual corporation, custodian, trustee, executor, administrator, nominee or entity in a representative capacity, partnership, limited partnership, limited liability company, foreign limited liability company, trust, estate. "Sharing Percentage" shall mean the sharing percentage of each Member as it relates to such Member's respective membership interests.
Examples of Organizational Costs in a sentence
Professional Service and Organizational Costs The costs of professional services rendered, and other costs incurred, in relation to the creation, administration and termination of the District, and the undertaking of the projects contained within this Plan, are eligible Project Costs.
Prior to the issuance of Debt, it is anticipated that a developer may advance funds to the District to pay the Organizational Costs of the District and costs for constructing and installing Public Improvements.
The Organizational Costs are an estimated total amount of preliminary costs incurred by the City in connection with the establishment of the Increment District.
The Members agree that the Organizational Costs incurred by each Member on behalf of the Company shall not exceed one-hundred thousand dollars ($100,000), unless expressly authorized by the Board pursuant to Board Approval.
Operation and Maintenance Mill Levy: means the operation and maintenance mill levy as set forth in Section VII.H. Organizational Costs: means the estimated initial cost of acquiring land, engineering services, legal services, and administrative services, together with the estimated costs of the District’s organization and initial operations, as set forth in Section VII.A. below, which organizational costs are eligible for reimbursement out of Debt proceeds.
More Definitions of Organizational Costs
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses.
Organizational Costs shall have the meaning set forth in Section 4.2.
Organizational Costs shall have the meaning provided by Section 4.2 hereof. “Original Allocation” shall have the meaning provided by Section 5.3E). “Partner Withdrawal Event” shall have the meaning provided by Section 8.2A) hereof.
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses. Person – means a corporation, limited liability company, partnership, limited partnership, public or private pension fund, insurance company, foundation, endowment, investment company, trust, estate, governmental entity or other entity or natural person. Preferred Return – means the 3% Preferred Return with respect to the Social Impact Investor or the 6% Preferred Return with respect to the Private Investor. Prime Rate – means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by XX Xxxxxx Xxxxx Bank, or any successor money center bank, from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and
Organizational Costs include (but are not limited to): • Costs of goods and services and all related shipping and transportation costs; • Costs of staff time and expenses (e.g. salaries and benefits), excluding severances; • Proportionate overhead costs of the Recipient (based on incremental staff time directly related to the program); • Cost of audits and evaluations of the program; • Legal costs to administer the program, provided that those legal costs do not arise due to the Recipient’s own negligence and willful misconduct; • Incremental insurance costs; • Costs of telecommunications, postage, or other similar costs; • Payment processing costs; • Costs related to performance monitoring of activities; • Cost of information management and information technology (IM/IT) systems, excluding any capital assets. Where such assets must be purchased, they must be pre-approved by the Ministry; • Incremental costs for rental, lease of facilities, equipment, or machinery directly related to the program; • Costs of developing public communications, advertisements and notices; • Harmonized sales tax for which the Recipient is not eligible for a rebate, credit, or refund; and • Costs for travel, meal, and catering, provided those costs were included in the project budget provided to the Province and were incurred in accordance with Schedule ‘D’ of this agreement;
Organizational Costs has the meaning given to such term in Section 14(c).
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses. Person – means a corporation, limited liability company, partnership, limited partnership, public or private pension fund, insurance company, foundation, endowment, investment company, trust, estate, governmental entity or other entity or natural person. Preferred Return – means the 3% Preferred Return with respect to the Social Impact Investor or the 6% Preferred Return with respect to the Private Investor. Prime Rate – means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by XX Xxxxxx Xxxxx Bank, or any successor money center bank, from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum rate permitted by Law. Private Investor – means a Member that holds any Class A Units, including any fractional Class A Units, or, if said Member has not yet been required to make Capital Contributions, a Member that will acquire Class A Units upon making its initial Capital Contribution. Private Placement Memorandum – means that certain Private Placement Memorandum of CIC Mezzanine Investors, L.L.C. provided by the Company to a Member, as supplemented in writing delivered to each Member prior to the Closing Date.