Assumed Expenses definition

Assumed Expenses has the meaning assigned to it in Section 1.1(a).

Assumed Expenses means:

Assumed Expenses means (i) the Ordinary Course trade accounts payable (including, without limitation, for utilities, garbage collection, phone service and cell phone service) and accrued expenses (including, without limitation, accrued but unpaid accounting fees, real estate taxes, compensation, insurance, employee benefits, vacation and sick pay) of the Subject Business as of the Closing Date of the type identified on the Estimated Closing Date Balance Sheet, and (ii) accrued reasonable attorneys’ fees and expenses relating to the transactions contemplated hereby in an amount not to exceed Fifteen Thousand Dollars ($15,000) as reflected on the Estimated Closing Date Balance Sheet.

Examples of Assumed Expenses in a sentence

• Alternatively, the Sponsor may elect to (i) direct its delegates or the Custodian to withdraw the Bitcoin amount comprising the Management Fee, (ii) convert the Management Fee to USD and (iii) pay certain Assumed Expenses from the Management Fee and the remaining amount, if any, to the Sponsor.

• The Management Fee is payable at the Sponsor’s sole discretion, in Bitcoin or in U.S. dollars for the Bitcoin Market Price in effect for such Bitcoin at the time of payment.At the Sponsor’s election, the Sponsor may elect to (i) direct its delegates or the Custodian to withdraw the Bitcoin amount comprising the Management Fee, (ii) convert the Management Fee to USD and (iii) pay such dollar amount to the Sponsor, who will then pay itself as well as the relevant Assumed Expenses.

• The consideration for the Assets shall be (i) $640,000,000 plus the amount, if any, by which the Cap exceeds the Actual Assumed Expenses (the "Purchase Price") and (ii) the assumption of the Assumed Liabilities; provided that the Purchase Price may be increased pursuant to Section 1.3(a)(ii) and decreased pursuant to Section 8.4(d).

• Servicer shall provide Bank with a monthly statement showing any Bank Assumed Expenses payable by Bank for each calendar month during the term of the Wal-Mart Program no later than [***] after the end of such calendar month.

• Except for any Bank Assumed Expenses, Servicer shall (a) be responsible for all costs and expenses incurred by Servicer in performing the Services, except such costs and expenses which the parties agree in writing will be paid for by a Bank Client or by a Network, and (b) pay all Other Expenses incurred in connection with the Program as and when such Other Expenses become due.

More Definitions of Assumed Expenses

Assumed Expenses has the meaning given to it in Section 2.05;

Assumed Expenses means certain investment banking, legal, transfer agent and insurance fees and expenses in the amount of $499,809 (not including sales taxes), in the aggregate, that will be directly paid by Harris, on behalf of Sand, on the Effective Date pursuant to the Arrangement Agreement;

Assumed Expenses is defined in Section 2.01(d)(i).

Assumed Expenses means those fees, expenses and other amounts set forth in Section 3.1(mm) of the Disclosure Letter and identified as such;

Assumed Expenses has the meaning set forth in Section 13.01.

Assumed Expenses. Section 2.3

Assumed Expenses shall have the meaning set forth in Section 4.8(a).