Capped Expenses definition

Capped Expenses means, as to any Fund other than the Master Fund, all of the Fund’s expenses (whether incurred directly by the Fund or indirectly at the Master Fund level) and the Fund’s pro rata share of all expenses incurred by the Master Fund, but excluding (whether borne by the Fund or the Master Fund) the Investment Management Fee, the Investor and Administrative Services Fee (if any), any other investment management fee, distribution or servicing fee, fees and expenses of the Portfolio Hedge Funds or other funds or investment products in which the Master Fund invests, taxes and similar charges, interest expenses (including any interest payments, commitment fees, or other expenses related to any line of credit or similar arrangement of the Fund or the Master Fund), or other borrowing costs, any security registration costs or government fees payable by the Fund or the Master Fund, the Fund’s or Master Fund’s portfolio transaction-related expenses such as brokerage or placement agent fees, and extraordinary expenses (as determined by the Investment Manager in its sole discretion).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Capped Expenses means, at any time, costs and expenses due at such --------------- time (if any) to the Backup Servicer and the Collateral Agent under the Transaction Documents not in excess of $7500 with respect to any Collection Period.

Capped Expenses means, at any time, fees, costs and expenses due at such time (if any) to the Master Collateral Agent hereunder not in excess of $7,500 with respect to any Distribution Date.

Examples of Capped Expenses in a sentence

Annual Capped Expenses shall not include uncontrollable expenses as defined as follows: “Uncontrollable Expenses” shall mean those expenses that, in Landlord’s reasonable discretion and judgment, may be subject to increase which are outside the Landlord’s control which shall include but are not limited to any expenses relating to (i) snow plowing and salting, (ii) insurance, and (iii) utilities.
Accordingly, for 2009 and each subsequent calendar year of the Term, the amount of the Capped Expenses shall in no event be greater the Capped Expenses for the 2008 calendar year (the “Initial Amount”) multiplied by a number of factors of 1.05 equal to the number of calendar years from 2008 to the year for which Capped Expenses are being determined.
For example, the amount of the Capped Expenses used in calculating Tenant’s Percentage shall not be greater than the following amounts: in 2009, the Initial Amount times 1.05; in 2010, the Initial Amount times 1.05 times 1.05; in 2011, the Initial Amount times 1.05 times 1.05 times 1.05; etc.
The amounts required to be set forth on Parts I and II of Schedule 3.18(b) are referred to as the "Capped Expenses"; provided that the Capped Expenses shall not include amounts that are paid in shares of Company Common Stock prior to the Closing.
However, if the Company elects not to move forward with the Financing once it is determined that the minimum valuation referenced herein is obtainable then HFG shall be entitled to have all Capped Expenses paid on the Company’s behalf as of the date the Company elects not to move forward reimbursed by the Company.

More Definitions of Capped Expenses

Capped Expenses means all Expenses exclusive of Non-Capped Expenses as defined below. For the purpose of determining Additional Rent, during the initial Term of the Lease only, Capped Expenses for any calendar year shall not be increased over the amount of Capped Expenses during the calendar year in which the term of this Lease commences by more than five percent (5%) per year on a cumulative basis, compounded annually. For example, if Capped Expenses during the calendar year in which the term of this Lease commences were $100,000, the cap on Capped Expenses for the fifth full calendar year would be $121,550.63 ($100,000 times 1.05 times 1.05 times 1.05 times 1.

Capped Expenses means the ceiling on the actual expenses that can be incurred by the Successful Eligible Applicant on sum total of all the Actual Recoveries by the Successful Eligible Applicant from any NRR Asset(s) assigned / transferred to the Successful Eligible Applicant on proportionate basis.

Capped Expenses means, at any time, with respect to each of the Lender Collateral Agent and the Administrative Agent, fees, costs and expenses due at such time (if any) to the Lender Collateral Agent or the Administrative Agent under the Transaction Documents not in excess of $7,500 with respect to any Distribution Date.

Capped Expenses means all Operating Expenses, excluding (i) the cost of supplying all utilities, (ii) the cost of any insurance premiums, including earthquake insurance premiums, and (iii) any costs imposed on Landlord in connection with the Development and/or pursuant to the CC&Rs.

Capped Expenses means all Expenses except snow and ice removal, insurance, and utilities. In addition, calendar year 2020 shall be the first year of the Lease (as may be annualized based on the date the Term commences). Each subsequent calendar year shall be subject to the Cap.

Capped Expenses means all Expenses other than expenses attributable to (i) snow removal, (ii) Common Area utilities and (iii) insurance premiums (which expenses listed as items (i), (ii) and (iii) shall not be subject to a cap). For the avoidance of doubt, any and all insurance deductible amounts shall be included in Capped Expenses.

Capped Expenses means the sum of (i) the commitment fee payable with respect to the Loan and (ii) all out of pocket expenses and costs incurred by Lender (or any of its affiliates) with respect to the making of the Loan (other than expenses incurred by Lender in connection solely with any Securitization, which expenses and costs shall be paid by Lender) (as well as such costs and expenses as Lender (or any of its affiliates) customarily include in reimbursables, such as the duplication and binding of presentation books), reasonable travel expenses, review of engineering reports, credit reports, appraisals, preparation, negotiation, execution and delivery of this Agreement and the other Loan Documents and the consummation of the transactions contemplated hereby and thereby (including reasonable Lender’s attorneys’ fees and expenses in connection therewith and in connection with Lender’s due diligence), and any other out of pocket expenses relating to credit and collateral evaluations (including, without limitation, preliminary evaluations prepared by any of the Rating Agencies), which Capped Expenses shall in no event exceed 1.35% of the original principal balance of the Loan. In no event shall Capped Expenses include the costs of obtaining a Qualified Title Insurance Policy or a Qualified Survey, any transfer tax or mortgage or recording tax or fee, the costs of obtaining a Phase I or Phase II environmental report or the costs of obtaining an agreed upon procedures report from a “Big Five” independent certified public accounting firm with respect to the 1997 unaudited balance sheet and income statement for the Property prepared in accordance with GAAP, without footnotes.