Amendment Expenses definition
Examples of Amendment Expenses in a sentence
In no event, however, will the Company be required to pay more than an aggregate of $500,000 for the Amendment Expenses.
By way of example only, if the amount of Sponsor Arranged Financing at or prior to the Closing Date or the termination of the Agreement is $8,000,000 and the Company has paid $500,000 in Amendment Expenses, the Maximum Allowable SPAC Transaction Expenses would be reduced from $9,500,000 to $9,400,000 in the case of a Closing; or the Sponsor would be obligated to make a payment in the amount of $100,000 to the Company upon the earlier of the termination of this Agreement or the Termination Date.
At the earlier of a termination of this Agreement or the Termination Date, if the Company has received less than $10,000,000 from the Sponsor Arranged Financing (not including the balance of the Trust Account), the Sponsor shall be required to reimburse the Company dollar-for-dollar by the amount by which the Amendment Expenses exceeds 5% of the dollar amount received by the Company of such Sponsor Arranged Financing at or prior to the termination.
All Lender Expenses, as and when they become due after the Closing Date, shall be payable to Lenders following receipt by Borrowers of an invoice therefor describing them in reasonable detail, including the Lender Expenses of the Funding Lenders on the Restatement Date; provided that the Additional Lenders shall be responsible for paying all Amendment Expenses of Borrowers and Agent.
On the Closing Date, Borrowers paid the Agent all Lender Fees incurred through the Closing Date, all Lender Expenses, as and when they become due after the Closing Date, shall be payable to Lenders following receipt by Borrowers of an invoice therefor describing them in reasonable detail; provided that Additional Lenders shall be responsible for paying all Amendment Expenses of Borrowers and Agent.
Within 15 Business Days of the date of this Amendment, subject to satisfaction of the conditions set forth in Section 3(b) of this Amendment, Buyer shall pay to Seller or its designee an amount equal to the Amendment Payment less the amount of Buyer Amendment Expenses, by wire transfer of immediately available funds as directed by Seller (the “Additional Investment”).