Permitted Leakage definition

Permitted Leakage means any of the following:

Permitted Leakage means:

Permitted Leakage has the meaning given in Clause 2.7;

Examples of Permitted Leakage in a sentence

• To the extent not included as Permitted Leakage under Section 2.7(d)(xii) , the costs of the Distribution Agent shall be borne by VI.

• Other than any Permitted Leakage, from (and excluding) the Locked Box Date up to (and including) Completion, each MN Seller covenants, warrants and undertakes (for itself and as representative ( vekil) for and on behalf of its Affiliates) to procure that MN will not pay, or become obliged to pay, to any person any transaction costs relating to the transaction contemplated by this Agreement.

• All other causes of action by one against another, whether arising on contract or not, survive to the personal representatives of the former and against those of the latter.

• The Sellers shall bear all costs incurred by them in connection with the preparation, negotiation and entry into of this Agreement, save for any Permitted Leakage.

• If any Leakage (other than Permitted Leakage) occurs that is not otherwise accounted specifically and expressly for in the determination of the Adjusted Purchase Price, Purchaser may deliver a Leakage Notice to UK Seller in respect of such Leakage.

More Definitions of Permitted Leakage

Permitted Leakage means any (a) payments (or accruals in respect of payments to be made) of salaries, pensions contributions, expenses, bonuses (whether contractual or discretionary, but only to the extent either historically accrued on the Balance Sheet or approved by Buyer) or directors’ fees (to the extent historically accrued on the Balance Sheet), in each case, in the ordinary course of business, on arm’s length and on a basis consistent with past practice, except with respect to expenses set forth in Section 2.05(a)(ii); (b) payments made or accruals in respect of payments to be made or Liabilities otherwise incurred to the extent that any such payment, accrual or Liability has been or will be reimbursed to any ACFP Company by Seller on or prior to Closing; (c) other payments, accruals, assumptions, indemnifications or the incurrence of any other Liabilities by any ACFP Company to which Buyer has given its prior consent in writing; (d) any Leakage refunded or made to the ACFP Companies on or prior to Closing; (e) any matter undertaken by or on behalf of any ACFP Company at the written request or with the written agreement of Buyer; (f) any payment made or agreed to be made by or on behalf of any ACFP Company to Third Parties in respect of costs reasonably and properly incurred by Seller or any of its Affiliates on behalf of any ACFP Company in the ordinary course of business and/or recharged to any ACFP Company, to the extent such costs are to Third Parties and were accrued in the books and records of ACFP prior to the Locked Box Date and are unrelated to the transaction contemplated hereby and the related costs thereto; (g) any payment or transfer of assets or Liabilities or provision of services on arms’-length terms or in the ordinary course of business with Third Parties; (h) principal and interest payments made pursuant to the Credit Agreement; (i) any payment or accrual in respect of Pre-Closing Taxes to the extent they are unrelated to the transaction contemplated hereby; and (j) any Taxes arising or amount in respect of Taxes payable or suffered by any ACFP Company in respect of or in consequence of any of the foregoing to the extent they are unrelated to the transaction contemplated hereby.

Permitted Leakage means the following payments made or accrued or to be made by the Company or any other member of the Group:

Permitted Leakage means any matter set out in Schedule 6;

Permitted Leakage has the meaning set forth in Section 2.7(d).

Permitted Leakage means any of the following made by any Group Company:

Permitted Leakage means any of the matters set forth in Schedule 4;

Permitted Leakage means any and all of the following actions taken by the Company or any Company Subsidiary since (and including) the Lock Box Date through the Closing: