Operating and Other Expenses Sample Clauses

Operating and Other Expenses. During the period prior to the Company’s Initial Business Combination, the Company may instruct the Account Agent to release to the Company from the Trust Account in accordance with the Trust Agreement (i) the interest income earned on the amounts held in the Trust Account to pay any tax obligations, and (ii) up to an aggregate of $4,000,0002 of interest income earned on the amounts held in the Trust Account for working capital purposes as described in the “Use of Proceeds” section of the Registration Statement, the Statutory Prospectus and the Prospectus. Any interest income earned on the amounts held in the Trust Account not so released to the Company, as applicable, will remain in the Trust Account until the earlier of the consummation of the Company’s Initial Business Combination or the Liquidation.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Operating and Other Expenses. In addition to the Rent due hereunder, Tenant shall be responsible, as Additional Rent (as defined herein), for certain insurance, taxes, and maintenance expenses as hereinafter in this Lease more particularly described (“Operating Expenses”), it being generally understood and agreed that Landlord shall not be responsible for those costs or expenses in connection with the Project during the Term of this Lease or any renewal or extension thereof. Tenant shall pay its share (“Tenant’s Percentage Share”) of all costs and expenses as set forth herein in the amount by which all Operating Expenses for each Comparison Year (as defined below) exceeds the amount of all Operating Expenses for the Base Year. Tenant’s Base Year shall be the 2011 calendar year’s actual Operating Expenses. “Comparison Year” is defined as each calendar year during the Term of this Lease after the Base Year. Landlord shall estimate Tenant’s share (which shall be the ratio of the rentable area of the Leased Premises to the rentable area of the office space contained in the Landmark Towers Condominium) of Operating Expenses for any current fiscal year of Landlord (“Fiscal Year”) at least 30 days prior to the commencement of that Fiscal Year, and Tenant shall pay monthly to Landlord equal installments of the amount so estimated for the remaining months of the Fiscal Year. Tenant’s Percentage Share is the product obtained by multiplying (i) 100 by (ii) the quotient obtained by dividing the rentable square feet of the Premises by the total rentable square feet of the Building. Tenant’s initial Percentage Share shall be 47.40959%, and then 52.85524% upon commencement of Rent for the 10th Floor Premises in accordance with Section 3 above. However, notwithstanding the above and foregoing, for the purpose of calculating Tenant’s Percentage Share of Operating Expenses each year during the initial Term, the items of Operating Expenses which do not include taxes, utilities, and janitorial costs (Operating Expenses less the aforementioned items are hereinafter referred to as the “Capped Operating Expenses”) shall be deemed not to increase more than four percent (4%) per calendar year for each calendar year from and after 2011; provided, however, that no item of Operating Expenses other than Capped Operating Expenses shall be subject to the foregoing limitation; and provided further, that the percentage increase shall be determined on a cumulative compounding basis such that if the average increase for...
Sample 1
Operating and Other Expenses. During the period prior to the Company’s Initial Business Combination, the Company may instruct the Trustee under the Trust Agreement to release to the Company from the Trust Account (1) interest income earned on the Trust Account balance to pay any income taxes on such interest, (2) interest income earned of up to $3,000,0003 (or up to [approximately $ million] if the Over-Allotment Option is exercised in full) on the amounts held in the Trust Account to fund the Company’s working capital requirements, and (3) interest income earned of up to $100,000 on the amounts held in the Trust Account to pay costs and expenses of liquidating the Company. Any interest income earned on the amounts held in the Trust Account not so released to the Company, as applicable, will remain in the Trust Account until the earlier of the consummation of the Company’s Initial Business Combination or its liquidation.
Sample 1
Operating and Other Expenses. During the period prior to the Company’s Initial Business Combination, the Company may instruct the Trustee under the Trust Agreement to release to the Company from the Trust Account (1) interest income earned on the Trust Account balance to pay any income taxes on such interest, (2) interest income earned of up to $3,000,0003 (or up to [approximately $ million] if the Over-Allotment Option is exercised in full) on the amounts held in the Trust Account to fund the Company’s working capital requirements, and (3) interest income earned of up to $100,000 on the amounts held in the Trust Account to pay costs and expenses of liquidating the Company. After an aggregate of $3,000,0003 (or [approximately $ million] if the Over-Allotment Option is exercised in full) is released to the Company, any interest income earned on the amounts held in the Trust Account (net of taxes payable) will remain in the Trust Account until the earlier of the consummation of the Company’s Initial Business Combination or its liquidation.
Sample 1
Operating and Other Expenses. Manager is authorized to pay all expenses incurred in connection with the operation of the Hotel from the Hotel Accounts (or, if appropriate, from house banks or pettx xxxh funds available at the Hotel), subject in all instances to the Budgets and as otherwise expressly provided in this Agreement, in such order of priority determined by Manager in its sole discretion, including the following: Double Tree Resort by Hiltxx Xxxxxx Xxxch Oceanfront - MA
Sample 1

Related to Operating and Other Expenses

  • Travel and Other Expenses ODHS shall not reimburse Contractor for any travel or additional expenses under this Contract.

  • Handling Fees and Other Expenses All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and any other taxes and fees, shall be borne by Party C.

  • Reimbursement of Business and Other Expenses (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all such expenses, subject to documentation in accordance with reasonable policies of the Company.

  • Attorneys’ Fees and Other Expenses To the extent permitted by the Oregon Constitution and the Oregon Tort Claims Act, the prevailing party in any dispute arising from this Contract is entitled to recover its reasonable attorneys’ fees and costs at trial and on appeal. Reasonable attorneys’ fees cannot exceed the rate charged to OBDD by its attorneys.

  • Payment of Taxes and Other Expenses Should City, in its discretion, or a relevant taxing authority such as the Internal Revenue Service or the State Employment Development Division, or both, determine that Contractor is an employee for purposes of collection of any employment taxes, the amounts payable under this Agreement shall be reduced by amounts equal to both the employee and employer portions of the tax due (and offsetting any credits for amounts already paid by Contractor which can be applied against this liability). City shall then forward those amounts to the relevant taxing authority. Should a relevant taxing authority determine a liability for past services performed by Contractor for City, upon notification of such fact by City, Contractor shall promptly remit such amount due or arrange with City to have the amount due withheld from future payments to Contractor under this Agreement (again, offsetting any amounts already paid by Contractor which can be applied as a credit against such liability). A determination of employment status pursuant to the preceding two paragraphs shall be solely for the purposes of the particular tax in question, and for all other purposes of this Agreement, Contractor shall not be considered an employee of City. Notwithstanding the foregoing, should any court, arbitrator, or administrative authority determine that Contractor is an employee for any other purpose, then Contractor agrees to a reduction in City’s financial liability so that City’s total expenses under this Agreement are not greater than they would have been had the court, arbitrator, or administrative authority determined that Contractor was not an employee.

  • COMPENSATION AND OTHER FEES As compensation for the services provided by Xxxxxx xxxxxxxxx, the Company agrees to pay to Xxxxxx:

  • Fees and Other Charges (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility, shared ratably among the Revolving Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date.

  • Utilities and Other Services 4.4.1 The Tenant shall arrange, at its own cost and expense, for the installation, connection and supply of all utilities and any other services required by it at or in relation to the Premises.

  • TAXES AND OTHER LIABILITIES Pay and discharge when due any and all indebtedness, obligations, assessments and taxes, both real or personal, including without limitation federal and state income taxes and state and local property taxes and assessments, except such (a) as Borrower may in good faith contest or as to which a bona fide dispute may arise, and (b) for which Borrower has made provision, to Bank's satisfaction, for eventual payment thereof in the event Borrower is obligated to make such payment.

  • Attorneys’ Fees and Other Costs If either party breaches this Agreement, or if a dispute arises between the parties based on or involving this Agreement, the party that prevails in the resolution of such dispute is entitled to recover from the other party its reasonable attorneys’ fees, court costs, and expenses incurred in enforcing such rights or resolving such dispute. For purposes of this Section 10.11, the finder of fact shall be requested to answer affirmatively as to whether a party “prevailed” in order to recoup attorneys’ fees and other costs pursuant to this Section 10.11.

Time is Money Join Law Insider Premium to draft better contracts faster.