Proxy Expenses definition
Examples of Proxy Expenses in a sentence
The Sub-Adviser is liable for such Proxy Expenses only to the extent such Proxy Expenses may not properly be borne by the Fund and its shareholders.
The Sub-Advisor shall remain responsible for any Liquidation Expenses and Proxy Expenses that arise in connection with any event that occurs prior to the termination of this Agreement until the earlier of the full and complete satisfaction of such obligations or 360 days.
With respect to the Sub-Adviser’s liability for the Excess Amount as discussed in Sections 1.1 and 1.3 and any Proxy Expenses or Liquidation Expenses as discussed in Section 1.6, the Adviser, Sub-Adviser, and AthenaInvest, Inc.
The Sub-Adviser shall remain responsible for any Liquidation Expenses and Proxy Expenses that arise in connection with any event that occurs prior to the termination of this Agreement until the earlier of the full and complete satisfaction of such obligations or 360 days.
In addition, Sub-Adviser shall receive details and reasonable estimates of all such expenses prior to their being incurred and the Adviser may not proceed with the implementation of any such Proxy Expenses unless legally required to do so.
In no event will the exercise of the Company’s right to seek specific performance or other equitable relief pursuant to this Section 13.22 reduce, restrict or otherwise limit the Company’s right to terminate this Agreement pursuant to Sections 10.01 and 10.02 and to be reimbursed by Parent for the Company Proxy Expenses.
For purposes of clarity, the Seller Proxy Expenses that Parent is obligated to pay or reimburse pursuant to this Section 6.04(c) (i) will not be treated as a current liability of the Company for purposes of calculating Net Working Capital Amount and (ii) the full amount of any such Seller Proxy Expenses paid by the Company prior to the Closing and not reimbursed by Parent shall be treated as a current asset of the Company for purposes of calculating the Net Working Capital Amount.