Retained Expenses definition
Examples of Retained Expenses in a sentence
Service Provider shall continually seek to identify methods of reducing and minimizing DIR's and the DIR Customers' total cost of receiving the Services (including the amount of Pass-Through Expenses and Retained Expenses) and shall notify DIR of such methods and the estimated potential savings associated with each such method.
Notwithstanding the approval of any distribution of cash allowed under Section 4.1(e), the Seller shall remit to the Partnership the amount of any Liability or expense included in the definition of Retained Expenses that is paid by the Partnership after the Closing Date.
With respect to any Deliverable, Reliance shall have no responsibility for Retained Expenses arising from or related to the provision of such Deliverable except to the extent such Retained Expenses are expressly set forth in such Document.
The parties acknowledge and agree that the amount of any Liability or expense included in the definition of Retained Expenses subsequently paid by the Partnership shall result in a reduction in the amount distributed to the Seller as a distribution under the Partnership Agreement.
With respect to any Deliverable, all items constituting Retained Expenses are as set forth in the relevant Documents.