Transactional Expenses definition
Examples of Transactional Expenses in a sentence
Royal shall have received proof satisfactory to it of (i) the amount of each of the Frontenac Transactional Expenses and each Frontenac Change in Control Amount and (ii) the payment of all Frontenac Transactional Expenses and Frontenac Change in Control Amounts on or before the Closing Date, in each case together with such other documentation as Royal may reasonably request in connection therewith.
For purposes of clarity, the parties acknowledge that (i) the payment of Frontenac Transactional Expenses up to an aggregate amount equal to $350,000.00 plus the Deconversion Fee and (ii) the payment of Frontenac Change in Control Amounts up to $1,000,000.00 in the aggregate will not be reflected in the calculation of the Frontenac Adjusted Tangible Shareholders’ Equity.
Any Excess Frontenac Transactional Expenses or Excess Frontenac Change in Control Amounts will result in a corresponding dollar-for-dollar reduction to the Aggregate Merger Consideration.
In the event the Manager is unable to successfully negotiate such terms, the Fund shall pay any and all Transactional Expenses, either from any remaining Capital Contributions or from the net proceeds of a divestment.
Operating and Transactional Expenses: Establishment and promotional expenses: Establishment expenses allocated to a Fund will be expensed as they arise.