Corporate G&A definition
Examples of Corporate G&A in a sentence
In FY2006 and FY2007, NSSC Start-up requirements were covered by Corporate G&A.
For the avoidance of doubt, any reduction in the maximum Corporate G&A Expenses pursuant to clause (iii) of this paragraph upon idling of the ▇▇▇▇▇▇ Terminal shall not apply to any period following the sale of the ▇▇▇▇▇▇ Terminal.
No employee-related general and administrative expenses shall be reimbursable to USDG pursuant to the Omnibus Agreement other than Administrative G&A Expenses, Corporate G&A Expenses, Public Company Costs and Facilities Operations Expenses, and further, none of these reimbursable amounts may be for duplicative expenses and each category or type of employee expense can only be allocated to one of Administrative G&A Expenses, Corporate G&A Expenses, Public Company Costs or Facilities Operations Expenses.
Provided no Event of Default, monetary Default or material non-monetary Default has occurred and is continuing, Lender shall disburse Corporate G&A Reserve Funds to Borrower upon ten (10) Business Days’ written request by Borrower for the payment or reimbursement of general and administrative expenses incurred by Guarantor which are approved by Lender in its sole but reasonable discretion and documented to Lender’s reasonable satisfaction.
These awards will be earned only if Executive remains employed by Veridian on the date that the bonus is paid, and only if the Veridian IT Services Division achieves a compounded annual earnings (EBIT) growth of 15% per year, as adjusted, pro forma, for the impact of any additional Corporate G&A costs allocated to Veridian IT Services Division and any additional fringe benefit costs incurred due to the business combination of Veridian and Signal Corporation.
Amounts on deposit in the Corporate G&A Expense Reserve Account are referred to as the “Approved Corporate Expense Reserve Funds”.
Thereafter, all amounts paid by Borrower to Lender pursuant to Section 4.35(f) hereof shall be deposited in the Corporate G&A Reserve Account.
Such profit calculations will (i) include Volt Delta Resources, LLC G&A, but exclude Volt Corporate G&A, (ii) exclude any loss or gain on the sale of assets, (iii) include interest expense, (iv) will be made in accordance with generally accepted accounting principles (formula below).
The Parties agree that Approved G&A Expenses means all non-employee related general and administrative expenses (excluding Administrative G&A Expenses, Corporate G&A Expenses, Public Company Costs, and Facilities Operations Expenses) incurred or reimbursable by USDG on behalf of the Loan Parties and reimbursable to USDG pursuant to the Omnibus Agreement (including, but not limited to, under Sections 3.2 and 3.3 therein), the payment of which is to be approved by the CRO.