Compliance Expenses definition

Compliance Expenses means expenses required on an immediate basis to avoid any criminal or civil liability on the part of the LLC or any Subsidiary respecting activities at the Property, unless the criminal liability to be avoided arises out of the failure to comply with fire or life safety legal requirements at the Property.
View Source
Compliance Expenses as used above shall include all reasonable out-of-pocket expenses incurred by a party or on its behalf in connection with or related to the printing, filing and mailing of the Registration Statement and the Proxy Statements, the solicitation of stockholder approval, the filing of any required notices under the HSR Act or other similar regulations and any other out-of-pocket expenses associated with any regulatory filing or other regulatory action associated with the Merger; provided, however, in no event shall Compliance Expenses include any fees or expenses of counsel, accountants, financial advisors, experts or consultants to a party hereto, except to the extent that any of such parties may advance an expense (such as a filing fee) that otherwise would be considered a Compliance Expense if incurred directly by a party hereto.
View Source
Compliance Expenses means those Internal Expenses and External Expenses incurred by a Party allocable to compliance activities associated with a healthcare compliance program designed to meet the requirements of the Department of Health and Human Services’ Office of Inspector General Compliance Program Guidance for Pharmaceutical Manufacturers (or any foreign equivalent).
View Source

Examples of Compliance Expenses in a sentence

  • At the beginning of each calendar month, NorthPoint shall submit to Verizon a detailed report of all Compliance Expenses, describing the nature, date, amount and location of each Compliance Expense paid during the immediately preceding calendar month and, within five business days of receipt of such report, Verizon shall reimburse NorthPoint for Compliance Expenses incurred during such preceding month which are in accordance with the Regulatory Compliance Plan.

  • The Regulatory Compliance Plan shall include the cost of (i) incremental network facilities, (ii) incremental equipment in existing facilities, (iii) non-recurring and monthly recurring charges of new transportation circuits for NorthPoint's customers, (iv) non-recurring and monthly recurring charges for new transportation circuits for NorthPoint's backbone network, (v) operating support systems changes, and (vi) personnel time and materials required to effect such changes (the "Compliance Expenses").

  • If an Emission Requirement prohibits Enterprise from receiving or Purchaser from making a reimbursement for Purchaser’s Emission Cost Allocation related to such Emission Requirement, there will be automatically added to this Agreement a provision which restores to Enterprise the same economic bargain as would have resulted if Purchaser, rather than Enterprise, had paid the Emission Compliance Expenses and be valid, legal and enforceable.

  • In the event an Emission Requirement prohibits Enterprise from receiving or Seller from making a reimbursement for Marlin’s Emission Cost Allocation related to such Emission Requirement, there shall be automatically added to this Agreement a provision which restores to Enterprise the same economic bargain as would have resulted if ▇▇▇▇▇▇, rather than Enterprise, had paid the Emission Compliance Expenses attributable to the services provided by Enterprise on behalf of ▇▇▇▇▇▇ hereunder.

  • The undersigned Lenders hereby consent to the treatment of up to an aggregate amount not exceeding $1,100,000 of the Compliance Expenses as "extraordinary losses" during the first Fiscal Quarter of 2005 for purposes of clause (ii) of the definition of Consolidated Net Income.

  • Promptly after such determination by Enterprise, Enterprise shall notify Purchaser in writing of Purchaser’s pro-rata share of such Emissions Capital Costs and Emission Compliance Expenses attributable to PGP purchased and sold hereunder through a per Pound increase to the PGP Price (“Purchaser’s Emission Cost Allocation”).

  • Any such increase attributed to the Emissions Capital Costs will terminate once Enterprise shall have recovered the Emissions Capital Costs and Enterprise’s weighted average cost of capital attributable to the Emissions Capital Costs during a reasonably agreed to amortization period and as to the Emissions Compliance Expenses once said Emissions Compliance Expenses are no longer required.

  • In the event that (i) a Governmental Authority imposes an Emission Requirement subsequent to the transaction date of this Agreement and (ii) as a result of Enterprise’s purchase of Seller’s Product, Enterprise incurs Emission Compliance Expenses associated with fractionating the Product it purchases from ▇▇▇▇▇▇, ▇▇▇▇▇▇ would reimburse Enterprise for its pro-rata share of the Emission Expenses incurred solely attributable to Seller’s Product (“Marlin’s Emission Cost Allocation”).


More Definitions of Compliance Expenses

Compliance Expenses has the meaning set forth in Section 6 of Schedule 6.4.
View Source
Compliance Expenses has the meaning set forth in Section 6.4(b).
View Source