Shared Overhead Expenses definition
Shared Overhead Expenses means those overhead expenses incurred by the Guarantor and any of its subsidiaries which are attributable to the operation and management of the NCLA Business based upon an allocation of corporate costs on a capacity day basis in a manner consistent with past practice and the Guarantor’s then-currently published sailing schedule, and shall include any capital expenditures made by the Guarantor and any of its subsidiaries (other than NCL America Holdings and its subsidiaries) with respect to the NCLA Business;
Shared Overhead Expenses means those overhead expenses incurred by the Company and any of its Subsidiaries which are attributable to the operation and management of the NCLA Business based upon an allocation of corporate costs on a capacity day basis in a manner consistent with past practice and the Company’s then-currently published sailing schedule, and shall include any capital expenditures made by the Company and any of its Subsidiaries (other than NCLA and its Subsidiaries) with respect to the NCLA Business. “Shut Down Costs” shall mean (i) any and all costs and expenses incurred by the Company and any of its Subsidiaries in connection with the shut down of the operation and management of the NCLA Business, whether accrued or paid, and (ii) all documentary, gross receipts, sales, transfer and use taxes and similar Liabilities, if any, resulting directly or indirectly from the transactions contemplated by Section 3.2 of this Agreement. “Shut Down Procedure” means the collective provisions set forth in Section 2.5. “Stock Exchange” means The Stock Exchange of Hong Kong Limited. “Subscription Agreement” means the Subscription Agreement entered into by and among the Company, SCL and the Investor concurrently with this Agreement pursuant to which the Investor will, upon the satisfaction of certain conditions, make the Equity Investment in the Company in exchange for newly-issued Ordinary Shares. “Tribunal” has the meaning set forth in Section 6.13(b). “Unused Losses Cap” means, at any date, an amount equal to the Cash Losses Cap less the aggregate NCLA Cash Losses reimbursed or accrued but not reimbursed as of such date pursuant to this Agreement. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Subscription Agreement.
Shared Overhead Expenses means those overhead expenses incurred by the Indemnifier and any of its subsidiaries which are attributable to the operation and management of the NCLA Business based upon an allocation of corporate costs on a capacity day basis in a manner consistent with past practice and the Indemnifier’s then-currently published sailing schedule, and shall include any capital expenditures made by the Indemnifier and any of its subsidiaries (other than NCL America Holdings and its subsidiaries) with respect to the NCLA Business;
Examples of Shared Overhead Expenses in a sentence
Shared Overhead Expenses and Shared Services Expenses shall be determined, and applicable reimbursements paid, on a quarterly basis.