Expense Payments Adjustment definition

Expense Payments Adjustment means the sum of the quotient (which shall be expressed as a number of Units) of (x) the amount, if any, by which the Expense Payments as finally determined pursuant to Section 2.04 exceed $10,000,000 divided by (y) $10.50, calculated using the data and calculations set forth in the Expense Payments Statement. An illustrative calculation of Expense Payments Adjustment is set forth on Schedule 1.02 of the Investor Disclosure Schedule.

Related to Expense Payments Adjustment

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Adjustment Escrow Amount means $1,000,000.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Contract Adjustment Payments means the payments payable by the Company on the Payment Dates in respect of each Purchase Contract, at a rate per year of [ ]% of the Stated Amount per Purchase Contract.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Final Allocation has the meaning set forth in Section 2.3.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).