Representative Expense Amount definition

Representative Expense Amount means $250,000.

Representative Expense Amount means an amount in cash equal to $500,000.

Representative Expense Amount means $500,000, as may be adjusted by the Stockholder Representative prior to the delivery of the Closing Consideration Schedule.

Examples of Representative Expense Amount in a sentence

• Any amounts held in such joint account shall be treated as owned by the Company for all income tax purposes, any interest or other income earned with respect to such joint account shall be reported as income of the Company for tax purposes and, for the avoidance of doubt, no portion of the Shareholder Representative Reimbursement Amount, the Shareholder Representative Expense Amount or any Pre-Funded Amount shall be considered income to the Shareholder Representative for tax purposes.

• Any funds from the Shareholder Representative Expense Amount or Pre-Funded Amounts that remain unused on the earlier of the consummation of the Entire Casa Ley Sale and the Sale Deadline (taking into account the completion of the procedures set forth in Section 2.4) shall be distributed from the joint account to the Company five (5) Business Days after the payment of the Casa Ley Net Proceeds Per CVR or the Sale Deadline Net Proceeds Per CVR.

• The Seller Representative will not be liable for any loss of principal of the Seller Representative Expense Amount other than as a result of its gross negligence or willful misconduct.

• The Seller Representative Expense Amount shall be held in a non-interest bearing account.

• Upon any replacement of the Company Securityholder Representative, the Company Securityholder Representative being replaced shall transfer to the new Company Securityholder Representative the balance of any unexpended Company Securityholder Representative Expense Amount.

More Definitions of Representative Expense Amount

Representative Expense Amount has the meaning set forth in Section 11.2(b).

Representative Expense Amount has the meaning set forth in Section 2.02.

Representative Expense Amount means [**] Dollars ($[**]).

Representative Expense Amount means $100,000.

Representative Expense Amount means an amount in cash equal to $150,000.

Representative Expense Amount means an amount in cash equal to [***].

Representative Expense Amount is defined in Section 1.6(c).