Subsidiary Expenses definition
Examples of Subsidiary Expenses in a sentence
Amounts on deposit in the Subsidiary General Fund shall be applied by the Subsidiary solely for the payment of Subsidiary Expenses, or any such renewals, replacements or extensions, or PILOTs.
Merger Subsidiary will not enter into any additional agreements under which Merger Subsidiary Expenses may be payable or reimbursable by the Company without the approval of the Special Committee, which approval shall not be unreasonably withheld.
Not less than thirty (30) days prior to the beginning of each Fiscal Year commencing with Fiscal Year 1999, the Subsidiary shall file with the Authority and the Trustee an Annual Subsidiary Budget for the ensuing Fiscal Year which shall set forth in reasonable detail the estimated Revenues, Subsidiary Expenses and renewals, replacements and extensions for the System for such year.
Borrower understands and agrees that it will be responsible for any losses, fees and expenses incurred by any Subsidiary and owed to Bank in connection with any Subsidiary Forward Contracts (the “Subsidiary Expenses”) and that Borrower will have an obligation to reimburse Bank for any Subsidiary Expenses.
Notwithstanding the first sentence of this clause, the parties may arrange for HMC to pay any third party directly the Subsidiary Expenses.
At the end of each quarter, the Subsidiary shall review its estimates for such Fiscal Year, and in the event such estimates do not substantially correspond with actual Revenues or Subsidiary Expenses, or if there are at any time during any such Fiscal Year extraordinary receipts or payments of unusual costs, the Subsidiary shall prepare an amended Annual Subsidiary Budget for the remainder of the then current Fiscal Year.
There shall be deposited in the Subsidiary General Fund all amounts received by the Subsidiary from the Authority or the Trustee pursuant to the Resolution for the purpose of paying Subsidiary Expenses and any necessary and proper renewals, replacements and extensions to the System or, as provided in Section 6.17, PILOTs. All amounts in the Subsidiary General Fund shall be held in trust by the Subsidiary and applied only as provided herein, in the Act or in the Resolution.
Merger Subsidiary has provided the Company with copies of all existing agreements under which Merger Subsidiary Expenses (other than those of counsel to Merger Subsidiary) may be payable or reimbursable by the Company.
Parent and Merger Subsidiary Expenses 49 COVENANTS OF PARENT Section 7.01.
Until each and every Subsidiary’s obligations relating to Subsidiary Expenses have been paid, Borrower has no right of subrogation or reimbursement or other rights against any Subsidiary.