Prepaid Expense Amount definition

Prepaid Expense Amount means proceeds of equity contributions specifically for the purpose of paying prepaid expenses on deposit in the Construction Account prior to the end of the Availability Period, and subsequent to the end of the Availability Period, on deposit in the Revenue Account.
Sample 1Sample 2
Prepaid Expense Amount means that portion of any expense items paid in advance by the Companies in the ordinary course of business with respect to periods on and after the Closing Date, which are identified on a schedule to be delivered to Buyers on the Closing Date and which amount shall not exceed $158,078.13 in the aggregate.
Sample 1
Prepaid Expense Amount means the aggregate amount of Prepaid Expenses as of the Closing Date, as determined in accordance with the Calculation Principles.
Sample 1

Examples of Prepaid Expense Amount in a sentence

  • VASCO acknowledges and agrees that SSI shall not remit the Prepaid Expense Amount to VASCO at the Closing.

  • The parties hereto agree that the amount designated as "Total Prepaid Receivables" on Schedule 5.12 represents the Prepaid Receivables Amount and the amount designated as "Total" on Schedule 2.1.4 represents the Prepaid Expense Amount.

  • VASCO and SSI agree that the Prepaid Expense Amount shall be subtracted from the Prepaid Receivables Amount and the remainder shall be the "Offset Amount" and such amount shall be offset against the monthly payments otherwise due to VASCO from SSI under the Promissory Note, until the balance of the Offset Amount has been offset.

  • At Closing, Buyer and Seller shall agree on the amount of rent and real estate taxes for the Company that shall have been prepaid by Seller or the Company prior to Closing and relate to the period from and after the Closing Date (the "Prepaid Expense Amount"), such amount not to exceed $60,000 in the aggregate.

  • Buyers shall have 10 Business Days after Closing to review information substantiating the Prepaid Expense Amount.

  • Seller shall provide Buyer with such documentation as Buyer may reasonably request to evidence the amount of the Prepaid Expense Amount.

  • Prepaid Receivables Amount and Prepaid Expense Amount; Offset Against Promissory Note..

  • With respect to that portion of the Prepaid Expense Amount that is not subject to a discrepancy, Buyers shall pay, or cause to be paid, such amount to the Sellers on the tenth Business Day after the Closing.


More Definitions of Prepaid Expense Amount

Prepaid Expense Amount means the aggregate amount of prepaid state franchise or income taxes, prepaid federal income taxes and prepaid insurance of the Seller Parties as of the Closing Date.
Sample 1
Prepaid Expense Amount means an amount up to and including $175,000 consisting of all costs and expenses paid by the Company following the date hereof and prior to the Closing Date, in each case to the extent incurred by the Company in connection with this Agreement and the transactions contemplated hereby.
Sample 1

Related to Prepaid Expense Amount

  • Prepaid Expenses has the meaning set forth in Section 1.2(f).

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Expense Amount As defined in Section 11.01(b) hereof.

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Cash Amount means an amount of cash equal to the Value on the Valuation Date of the Shares Amount.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Transaction Expenses means any fees or expenses incurred or paid by the Investors, Holdings, the Borrower or any of its (or their) Subsidiaries in connection with the Transactions (including expenses in connection with hedging transactions), this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

  • Closing Amount has the meaning set forth in Section 2.3.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Excluded Expenses means any costs, fees or expenses of the Company or any Company Subsidiary arising out of or relating to any dispute with the Shareholder Representative or otherwise with respect to the terms of this Agreement other than the Shareholder Representative’s equal share of the fees and expenses of the Neutral Auditor and the investment bank pursuant to Section 2.4(d)(i) and except as otherwise set forth in Section 7.8.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Sale Amount means, with respect to any Sold Receivable, the amount received from the related third-party purchaser as payment for such Sold Receivable.

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Working Capital Escrow Amount means $1,000,000.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).