Reimbursement of Operating, Maintenance Capital and Other Expenditures Sample Clauses

Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the applicable Closing Date, with respect to Assets Transferred pursuant to a Transaction Agreement, the Delek Entities will reimburse the Partnership Group on a dollar-for-dollar basis, without duplication, for each of the following:
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the Closing Date, Delek US will reimburse the Partnership Group on a dollar-for-dollar basis, without duplication, for each of the following:
Sample 1Sample 2Sample 3See All (5)
Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the Closing Date, PBF Energy will reimburse the Partnership Group on a dollar-for-dollar basis, without duplication, for expenses (net of insurance recoveries, if any) incurred prior to the fifth anniversary of the Closing Date by the Partnership Group for the repair of any condition caused by the failure of any Asset to operate in substantially the same manner and condition as such asset was operating as of the Closing Date or any clean up related thereto; provided, however, that PBF Energy shall not be required to reimburse the Partnership Group for any expenses in excess of $20,000,000 per event.
Sample 1Sample 2
Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the IPO Closing Date, PBF Energy will reimburse the Partnership Group on a dollar−for−dollar basis, without duplication, for expenses (net of insurance recoveries, if any) incurred prior to the fifth anniversary of the IPO Closing Date by the Partnership Group for the repair of any condition (other than normal maintenance, wear and tear) caused by the failure of any Partnership Asset to operate in substantially the same manner and condition as such asset was operating as of (a) the IPO Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the IPO Contribution Agreement), (b) the West Rack Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the West Rack Drop Down Contribution Agreement), (c) the Toledo Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the Toledo Drop Down Contribution Agreement), (d) the Delaware Logistics Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the Delaware Logistics Contribution Agreement) and
Sample 1
Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the IPO Closing Date, PBF Energy will reimburse the Partnership Group on a dollar-for-dollar basis, without duplication, for expenses (net of insurance recoveries, if any) incurred prior to the fifth anniversary of the IPO Closing Date by the Partnership Group for the repair of any condition (other than normal maintenance, wear and tear) caused by the failure of any Partnership Asset to operate in substantially the same manner and condition as such asset was operating as of (a) the IPO Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the IPO Contribution Agreement), (b) the West Rack Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the West Rack Drop Down Contribution Agreement), (c) the Toledo Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the Toledo Drop Down Contribution Agreement), (d) the Delaware Logistics Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the Delaware Logistics Contribution Agreement), (e) the SJV System Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the SJV System Contribution Agreement) and (f) the 2018 Drop Down Closing Date (in the case of the Partnership Assets conveyed to the Partnership Group pursuant to the 2018 Contribution Agreements) or, in any case, any clean up related thereto; provided, however, that PBF Energy shall not be required to reimburse the Partnership Group for any expenses in excess of $20,000,000 per event; and provided further that, in the case in the case of Partnership Assets conveyed to the Partnership Group pursuant to (x) the SJV System Contribution Agreement, PBF Energy shall only be required to reimburse the Partnership Group for 50% of any expenses up to $10,000,000 per event.
Sample 1
Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the IPO Closing Date, PBF Energy will reimburse the Partnership Group on a dollar−for−dollar basis, without duplication, for expenses (net of insurance recoveries, if any) incurred prior to the fifth anniversary of the IPO Closing Date by the Partnership Group for the repair of any condition caused by the failure of any Partnership Asset to operate in substantially the same manner and condition as such asset was operating as of the IPO Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the IPO Contribution Agreement) or as of the Drop Down Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the Drop Down Contribution Agreement) or, in either case, any clean up related thereto; provided, however, that PBF Energy shall not be required to reimburse the Partnership Group for any expenses in excess of $20,000,000 per event.
Sample 1
Reimbursement of Operating, Maintenance Capital and Other Expenditures. For five years following the IPO Closing Date, PBF Energy will reimburse the Partnership Group on a dollar-for-dollar basis, without duplication, for expenses (net of insurance recoveries, if any) incurred prior to the fifth anniversary of the IPO Closing Date by the Partnership Group for the repair of any condition (other than normal maintenance, wear and tear) caused by the failure of any Partnership Asset to operate in substantially the same manner and condition as such asset was operating as of (a) the IPO Closing Date (in the case of Partnership Assets conveyed to the Partnership Group pursuant to the IPO Contribution Agreement),
Sample 1
AutoNDA by SimpleDocs

Related to Reimbursement of Operating, Maintenance Capital and Other Expenditures

  • 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.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • General Expenses You authorize the Manager to charge your account with your Underwriting Percentage of all expenses of a general nature incurred by the Manager and Co-Managers under the applicable AAU in connection with the Offering, including the negotiation and preparation thereof, or in connection with the purchase, carrying, marketing and sale of any securities under the applicable AAU and any Intersyndicate Agreement, including, without limitation, legal fees and expenses, transfer taxes, costs associated with approval of the Offering by the NASD and the costs of currency transactions (including forward and hedging currency transactions) entered into to facilitate settlement of the purchase of Securities permitted under Section 3.1 hereof.

  • 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.

  • Payment of Taxes, Insurance and Other Charges; Collections Thereunder With respect to each Mortgage Loan, the Seller shall maintain accurate records reflecting the status of ground rents, taxes, assessments and other charges which are or may become a lien upon the Mortgaged Property and the status of premiums for Primary Mortgage Insurance Policies and fire and hazard insurance coverage and shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Seller in amounts sufficient for such purposes, as allowed under the terms of the Mortgage. To the extent that a Mortgage does not provide for Escrow Payments, the Seller shall determine that any such payments are made by the Mortgagor. The Seller assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of each Mortgagor’s faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances to effect such payments, subject to its ability to recover such Servicing Advances pursuant to Subsections 11.05(c), 11.05(d) and 11.07(b). No costs incurred by the Seller or subservicers in effecting the payment of ground rents, taxes, assessments and other charges on the Mortgaged Properties or mortgage or hazard insurance premiums shall, for the purpose of calculating remittances to the Purchaser, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

  • Fees, Expenses and Other Payments (a) Except as otherwise provided in this Section 7.3, whether or not the Merger is consummated, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby (including, without limitation, fees and disbursements of counsel, financial advisors and accountants) shall be borne solely and entirely by the party which has incurred such costs and expenses (with respect to such party, its "Expenses").

  • Legal Fees and Other Expenses The Company will pay all reasonable fees and expenses, if any, (including, without limitation, legal fees and expenses) that are incurred by the Executive to enforce this Agreement and that result from a breach of this Agreement by the Company.

  • Maximum Capital Expenditures Make or commit to make, or allow any of its Subsidiaries to make or commit to make, Capital Expenditures exceeding, in the aggregate for each Fiscal Year until the Termination Date, the greater of (A) EBITDA for such Fiscal Year, less the sum of (I) cash interest expense for such Fiscal Year, plus (II) amounts paid under Section 2.03 and all principal payments under the GECC Capital Lease and the NTFC Capital Lease (a) during Fiscal Year 2002 (for purposes of calculating the maximum Capital Expenditures for Fiscal Year 2003) or (b) during Fiscal Year 2004 or the applicable Fiscal Year thereafter (for purposes of calculating the maximum Capital Expenditures for Fiscal Year 2004 or the applicable succeeding Fiscal Year, as the case may be), or (B) $10,000,000 for Fiscal Year 2003 and $15,000,000 for each Fiscal Year thereafter. For purposes of calculating maximum Capital Expenditures, the amount calculated in item (II) above shall be deemed not to have exceeded $20,000,000 for Fiscal Year 2004 and shall be deemed not to have exceeded $30,000,000 for Fiscal Year 2005. Compliance with this Section 5.02(q)(i) shall be measured at the end of each Fiscal Year, commencing with Fiscal Year 2003. To the extent the Borrower’s actual Capital Expenditures for any Fiscal Year are less than the maximum Capital Expenditures for such Fiscal Year computed as aforesaid, the Borrower may increase Capital Expenditures for the subsequent Fiscal Year by an amount equal to the amount by which such maximum Capital Expenditures exceed such actual Capital Expenditures, but not by an amount which exceeds $5,000,000. For the purposes of this Section 5.02(q)(i) only, Capital Expenditures shall not include the Contingent Payments and any payment made in respect of that certain litigation arising from or in relating in any way to the use of rights of way granted to the Borrower by Mississippi Power Company; provided, that, to the extent that payment made in respect of such litigation is equal to or greater than $5,000,000, the Borrower shall deliver to the Agent prior to the payment thereof, a statement that the Borrower will have not less than $11,500,000 in cash and Cash Equivalents (excluding any insurance proceeds deposited with the Collateral Agent as described in clause (C) of the proviso in the definition of “Extraordinary Receipts”) after making such payment, certified by the Chief Financial Officer of the Parent.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

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