Expense Deposit definition

Expense Deposit means a cash deposit in the amount of $50,000 made by the Borrower to an Affiliate of Perceptive Advisors LLC pursuant to the Proposal Letter for the prepayment of the Lenders’ costs and expenses (payable pursuant to Section 13.03(a) and/or the Proposal Letter) incurred prior to the Closing Date.

Expense Deposit means the cash deposit referenced in the Proposal Letter.

Expense Deposit means, with respect to any Additional Policies proposed to be pledged under the Loan Agreement in connection with the making of an Additional Policy Advance, an amount required to reimburse the Administrative Agent and the Lenders for third-party out-of-pocket expenses incurred in connection with the review and evaluation of such Additional Policies, as determined by the Administrative Agent in its reasonable discretion.

Examples of Expense Deposit in a sentence

• Any funds collected under the District Engineer Expense Deposit but not used, shall be refunded after the close of the one-year warranty period.

• The Lenders and their Affiliates shall have received for their own account, the Closing Fee and all fees, costs and expenses due (including applicable attorney costs and the reasonable and documented out-of-pocket fees and expenses of any other advisors to the Lenders) and payable pursuant to Section 13.03, after deducting therefrom the Expense Deposit.

• Upon the execution of this Agreement, and in addition to the monthly fee for the selected Service Package, Client shall pay a sum equal to the monthly fee as a deposit, plus an Expense Deposit of $50.

• CS purchases made by the retailers, should be sold within the following sixty days (Issahaku, 2017).

• Remove buildings and structures and site improvements intact when permitted by authorities having jurisdiction.

More Definitions of Expense Deposit

Expense Deposit means the expense deposit in the amount of $300,000 paid by Borrower to Collateral Agent on or prior to the Effective Date to pay the out-of-pocket costs and expenses of the Lender Group in connection with the performance of due diligence, the appraising and securing of Collateral and other property and assets of Borrower and its Subsidiaries, and the preparation of agreements, instruments and other documents in connection with the transactions contemplated hereby and by the other Loan Documents, and otherwise in connection with the consummation of such transactions.

Expense Deposit has the meaning set forth in Section 7.1(c). ---------------

Expense Deposit means, with respect to each Borrowing Request related to a proposed Additional Policy Advance, an amount required to reimburse the Administrative Agent and the Lenders for third-party out-of-pocket expenses incurred in connection with the review and evaluation of the Additional Policies identified in such Borrowing Request, as determined by the Administrative Agent in its reasonable discretion.

Expense Deposit has the meaning set forth in Section 13.9.

Expense Deposit means the cash deposit referenced in the Summary of Terms.

Expense Deposit means an amount equal to $50,000 deposited by the Borrower with the Lender to be applied to the expenses of the Lender pursuant to Section 11.3.

Expense Deposit means twenty thousand and 00/100 U.S. Dollars (US$20,000);