Third Party Expense Adjustment Amount definition

Third Party Expense Adjustment Amount means an amount equal to the Estimated Third Party Expenses as reflected in the Statement of Expenses.
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Third Party Expense Adjustment Amount means the difference between (A) the Estimated Third Party Expenses and (B) the Expense Reimbursement Amount; provided, that if the Estimated Third Party Expenses are less than or equal to the Expense Reimbursement Amount, the “Third Party Expense Adjustment Amount” shall be $0.
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Third Party Expense Adjustment Amount means the amount by which the Estimated Third Party Expenses (as defined in Section 5.5 hereof) exceeds $3,000,000.
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Examples of Third Party Expense Adjustment Amount in a sentence

  • Any Third Party Expenses incurred by the Company that are not reflected on the Statement of Expenses, and thus are not part of the Third Party Expense Adjustment Amount, if any (“Excess Third Party Expenses”), shall be paid out of the Escrow Amount and shall not be limited by any deductible amount provided for in the Escrow Agreement.

  • Any Third Party Expenses incurred prior to the Closing by the Company that are not reflected on the Statement of Expenses or otherwise paid on or before the Closing Date, and thus are not part of the Third Party Expense Adjustment Amount, if any (“Excess Third Party Expenses”), shall be paid out of the Escrow Amount and shall not be limited by the Deductible Amount.

  • Any Excess Option Adjustment Costs that are not included in the Closing Consideration Third Party Expense Adjustment Amount shall be treated as Excess Third Party Expenses.

  • For greater certainty, the obligation of the Company to pay the Vested Payment Amount will be disregarded for the purposes of determining the Balance Sheet Adjustment Amount, the Third Party Expense Adjustment Amount, or the Indebtedness Adjustment Amount.

  • Any Third Party Expenses incurred by the Company in excess of $625,000 that are not part of the Third Party Expense Adjustment Amount, if any ("EXCESS THIRD PARTY EXPENSES"), shall be paid out of the Escrow Amount.


More Definitions of Third Party Expense Adjustment Amount

Third Party Expense Adjustment Amount means the amount by which the Estimated Third Party Expenses exceed $625,000, as reflected in the Statement of Expenses (as defined in SECTION 5.15 hereof).
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Related to Third Party Expense Adjustment Amount

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Adjustment Escrow Amount means $1,000,000.

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Earnout Payments has the meaning set forth in Section 2.2(a).