Permitted Leakages definition

Permitted Leakages means all of those payments;
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Permitted Leakages has the meaning specified in Paragraph 4.1.
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Permitted Leakages means any of the following:
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Examples of Permitted Leakages in a sentence

  • For the avoidance of doubt, to the extent an Acquired Company incurs fees, costs and expenses in connection with any Required Clearance, such fees, costs and expenses shall be treated as Permitted Leakages for the purposes of this Agreement to the extent such fees, costs and expenses were previously approved by the Purchaser.

  • Any other items agreed in writing by the Purchaser from time to time to be Permitted Leakages.

  • The amount of any Leakage (expressly excluding Permitted Leakages but including any Potential Announced Leakage) identified after the Closing (but not later than the first anniversary of the Closing) that was not deducted from the Shares Purchase Price paid by the Purchaser will be reimbursed by the Sellers (pro rata to the Shares sold by each of them hereunder) to the Purchaser on a Euro-for-Euro/Dollar-for-Dollar basis.

  • The Permitted Leakages defined below will, however, be excluded and will not be considered Leakages.

  • Extensive deliberations in this regard were held during Indian Army commanders' conference in 2017.

  • The amount of any Leakage (expressly excluding Permitted Leakages but including any Potential Announced Leakage) identified prior to the Closing will be deducted from the Shares Purchase Price on a Euro-for-Euro/Dollar-for-Dollar basis as characterized in Clauses 6.1 and 7.1, avoiding duplications.

  • For the sake of clarity, the Parties agree that the provisions set forth under this Clause 7.3 shall not apply to Leakages (other than Permitted Leakages), if any, and, to the extent provided under Clause 9.1.2, to Indemnities.

  • Between 1 January 2015 and the date hereof, there has been and there will be no Leakage, except for Leakages that have been completely remedied prior to the Closing Date or Permitted Leakages.


More Definitions of Permitted Leakages

Permitted Leakages means any of: (a) normal emoluments and other entitlements (including any accrued but unpaid bonuses) payable in the ordinary course of business and consistently with past practices to those of the Sellers in their capacity as employees, directors, officers or members of any management or supervisory board of any Group Company under any currently existing employment, service, consultancy or other similar agreements; (b) any of the payments listed in Appendix 7; and (c) any payment specifically agreed by or on behalf of the Purchaser in writing from time to time.
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Permitted Leakages means the Leakages set out in Schedule 2.1.97;
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Permitted Leakages means (a) those matters set forth or referred to in Schedule 1.1(c); or (b) any other permitted Leakage authorized or consented to by the Purchaser, in each case, solely to the extent constituting Leakage under clause (a) of the definition of “Leakage”.
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Permitted Leakages means any payment made at the written request or with the prior written consent of the Company.
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Related to Permitted Leakages

  • Permitted Leakage means any of the following:

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Permitted Lessee means the lessee under a Permitted Lease.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Permitted Disposal means any sale, lease, licence, transfer or other disposal:

  • Permitted Installation means the activities and the limits to those activities described in Table 1.1.1 of this Permit.

  • Permitted Loan shall have the meaning set forth in Section 4.02(a).

  • Permitted Loans means:

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Permitted Contingent Obligations means, without duplication: (a) Contingent Obligations arising in respect of the Debt under the Note Documents; (b) Contingent Obligations resulting from endorsements for collection or deposit in the Ordinary Course of Business; (c) Contingent Obligations outstanding on the date of this Agreement and set forth on Schedule 8.1 (including any refinancings, extensions, increases or amendments to the indebtedness underlying such Contingent Obligations to the extent constituting (i) Refinancing Debt or (ii) extensions of the maturity thereof without any other change in terms); (d) Contingent Obligations incurred in the Ordinary Course of Business with respect to surety and appeal bonds, performance bonds and other similar obligations not to exceed $250,000 in the aggregate at any time outstanding; (f) Contingent Obligations arising under indemnity agreements with title insurers to cause such title insurers to issue to the Purchaser mortgagee title insurance policies; (g) Contingent Obligations arising with respect to customary indemnification obligations in favor of purchasers in connection with dispositions of personal property assets permitted under Section 8.6; (h) [Reserved]; (i) so long as there exists no Event of Default both immediately before and immediately after giving effect to any such transaction, Contingent Obligations existing or arising under any Swap Contract, provided, however, that such obligations are (or were) entered into by an Obligor or an Affiliate in the Ordinary Course of Business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person and not for purposes of speculation; and (j) other Contingent Obligations not permitted by clauses (a) through (i) above, not to exceed $250,000 in the aggregate at any time outstanding.

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • Permitted Dispositions means each of the following:

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Land disposal facility means the land, buildings and structures, and equipment used for the disposal of radioactive wastes.

  • Permitted Disposition means any of the following:

  • Leakage means an increase in greenhouse gas emissions

  • Permitted Debt means any Financial Indebtedness:

  • Permitted Existing Contingent Obligations means the Contingent Obligations of the Company and its Subsidiaries identified as such on Schedule 1.1.4 to this Agreement.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • permitted hours means the periods specified for each parking place during which waiting by vehicles of a specific class is permitted as specified on the Plans;

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of the Borrower’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of the Borrower’s business in connection with its securities transactions, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Borrower’s Investment Policies (after giving effect to any Permitted Policy Amendments), provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Permitted Obligations mean (i) nonspeculative Hedging Obligations of any Person and its Subsidiaries arising in the ordinary course of business and in accordance with such Person’s established risk management policies that are designed to protect such Person against, among other things, fluctuations in interest rates or currency exchange rates and which in the case of agreements relating to interest rates shall have a notional amount no greater than the payments due with respect to the applicable obligations being hedged and (ii) Commodity Trading Obligations. For the avoidance of doubt, such transactions shall be considered nonspeculative if undertaken in conformance with FE’s Corporate Risk Management Policy then in effect, as approved by FE’s Audit Committee, together with the Approved Business Unit Risk Management Policies referenced thereunder.

  • Leased Equipment means the computers, servers, machinery and equipment and other tangible personal property leased by Seller for use in the operation or conduct of the Business.

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,