Permitted Leakage definition

Permitted Leakage means any of the following:

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Permitted Leakage has the meaning given in Clause 2.7;

Permitted Leakage means:

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.
Since December 31, 2010 (the “Lock Box Date”), there has been no Leakage other than Permitted Leakage.
At least twenty (20) and no more than twenty-five (25) Business Days prior to the anticipated Closing Date, VE shall deliver to VI a draft statement, certified by VE, consisting of VE’s good-faith estimate of the Leakage Amount, specifying in reasonable detail each payment, accrual, incurrence or other obligation that constitutes Leakage, other than Permitted Leakage, including the amount thereof and the calculation of the Leakage Tax Benefit Amount (the “Pre-Closing Estimate”).
Olayan hereby irrevocably and unconditionally waives any rights or entitlements that it may have to any dividend or distribution in connection with the Proposed Dividend or any Permitted Leakage (and shall take any and all such actions as are deemed by any Selling Stockholder to be reasonably necessary to give full force and effect to such waiver and are notified in writing to Olayan).
Since April 1, 2018 until the Closing Date (included), there has been no Leakage other than a Permitted Leakage.

More Definitions of Permitted Leakage

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

Permitted Leakage means, with respect to the Company or any of its Subsidiaries, (i) any payment or action which Parent agrees in writing constitutes Permitted Leakage, (ii) any payments or provision of compensation or benefits (including bonuses, commissions, incentive payments, severance, termination pay, retention bonuses or similar amounts) to any directors, managers, officers, employees, consultants or other service providers of such Person in the Ordinary Course of Business of such Person, including the employer portion of all Taxes due thereon, in each case, (x) in compliance with the terms of this Agreement and (y) other than to the extent such payment would constitute a Company Expense, (iii) (x) reimbursement of expenses of an employee, director, manager, officer, consultant or other service provider of such Person in the Ordinary Course of Business of such Person and in accordance with any applicable policies of the Company and its Subsidiaries or (y) advances of expenses of an employee, director, or officer to the extent required by any Contract with such employee, director or officer, (iv) any payment by the Company or any of its Subsidiaries to the Company or any of its other Subsidiaries, (v) any indemnification of, and related advances for expenses to, such Person’s directors, managers and officers pursuant to the Company’s and its Subsidiaries’ Governing Documents (or any written indemnification agreement set forth on Section 1.1(iii) of the Company Disclosure Letter and made available to Parent) as in effect as of the date hereof, including any premiums payable in relation to the insurance coverage related thereto, (vi) any arms’ length payments to or transactions with any portfolio company of a Covered Person pursuant to commercial agreements (x) set forth on Section 1.1(iv) of the Company Disclosure Letter, or (y) in the Ordinary Course of Business for bona fide products or services in an annual aggregate amount not to exceed $812,000, provided in each of (x) and (y) that such agreement was entered into prior to the date hereof, (vii) all payments to be made pursuant to Article III (including any Company Expenses), (viii) payment or accrual of any liability specifically accounted for in the Company Financial Statements as of the Lockbox Date and (ix) any Taxes payable by the Company or any of its Subsidiaries in connection with any of the matters described in any of clauses (i) through (viii) of this definition.

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 those payments set out or described in Schedule 4;

Permitted Leakage means (i) any payments made to Seller pursuant to and in accordance with the Employment Agreement, (ii) bonus payments to be made to employees and officers of the Group Companies in an amount not to exceed an aggregate of $140,000, and (iii) any payments made to Buyer or its Affiliates (other than the Seller Parties).

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