Reimbursement Cap definition
Examples of Reimbursement Cap in a sentence
Any retained portion of the expenses withheld pursuant to the immediately preceding clause (b) (subject to the Parent Reimbursement Cap) shall be deemed to have been contributed from Parent Sponsor to Topco in exchange for Topco Series A Preferred Units issued by Topco to Parent Sponsor, and thereafter contributed from Topco to Parent as a contribution to Parent’s capital.
Any out of pocket costs and expenses incurred by the Stockholder Representative in connection with actions taken by the Stockholder Representative pursuant to the terms of the Merger Agreement (including the hiring of legal counsel and accountants and the incurring of legal and accounting fees and costs) (“Representative Expenses”) shall be deducted from the Holdback Amount, up to, in the aggregate, the Expense Reimbursement Cap.
For clarity, Pliant shall not be obligated to undertake any Research Plan Activities that exceed the Reimbursement Cap, unless NVS agrees in writing to provide additional funding over the Reimbursement Cap to reimburse Pliant for such additional Research Plan Activities.
Any such reduction in the Permit Fee Reimbursement Rate does not reduce the Permit Fee Reimbursement Cap.
Upon mutual agreement, the County and Consultant may agree to adjust the Reimbursement Cap.