Carve definition

Carve. Out Claims" has the meaning ascribed to it in Section 8.3(a).

Carve. Out Customer", "Customer", "Employee", "Relevant Period" and "Restricted Properties" have the meanings given to them in the Business Transfer Agreement; and

Carve. Out" - See SECTION 1.16(c). ---------

Examples of Carve in a sentence

• Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve Out on a dollar-for-dollar basis.

• Any payment or reimbursement made prior to the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall not reduce the Carve Out.

• Since all these transaction costs cannot be identified separately for every customer and it seems impracticable, separate EIR rate has not been computed as allowed by Carve Out issued by ICAN.

• Mass Market Switching does not include Four Line Carve Out Switching.

• Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve Out on a dollar- for-dollar basis.

More Definitions of Carve

Carve. Out Reserve shall equal an amount, adjusted at the last Business Day of each Fiscal Month, which equals the then existing Permitted Carve-Out Claim Amount (as that term is defined in the preceding definition of the term "Carve-Out"). Cases shall mean each of the cases of the Borrowers pursuant to Chapter 11 of the Bankruptcy Code pending in the Bankruptcy Court.

Carve. Out Bonus” 2.4(c) “Certificate of Incorporation” 2.2(b)(ii) “Certificate of Merger” 2.1(d) “Certificates” 2.4(a)(ii) “Claim Certificate” 10.5(a)

Carve. Out Plan Percentage” shall mean 50% with respect to Xxxxxxx Xxxxx Xxxxxxxxxxx and 50% with respect to Xxxx Xxxxx.

Carve. Out Interim Financials.....................................................................................19

Carve. Out"), provided that following the Termination Date amounts in the Letter of Credit Account shall not be subject to the Carve-Out, and provided, further, that, except as otherwise provided in the Orders, no portion of the Carve-Out shall be utilized for the payment of professional fees and disbursements incurred in connection with any challenge to the amount, priority, validity, perfection or enforcement of the indebtedness of the Borrower and the Guarantors owing to the Existing Lenders or to the collateral securing such indebtedness (it being understood that such amounts may be used for investigation thereof). The Banks agree that so long as no Event of Default or event which with the giving of notice or lapse of time or both would constitute an Event of Default shall have occurred, the Borrower and the Guarantors shall be permitted to pay compensation and reimbursement of expenses allowed and payable under 11 U.S.C. ss. 330 and 11 U.S.C. ss. 331, as the same may be due and payable, and the same shall not reduce the Carve-Out.

Carve means to take an object and scrape, cut, gouge, slice, or pierce through the bark of a live tree and remove pieces of the bark and tree, causing damage.

Carve. Out Expense Reduction Period" means any period during which an Event of Default under this Agreement or a default by any Borrower or Guarantor in any of its obligations under the Financing Order shall have occurred and be continuing.