Expense Reduction definition
Examples of Expense Reduction in a sentence
This Agreement may be terminated by the Trust on behalf of a Fund at any time and by Amplify Investments after the expiration of the Expense Reduction Term upon sixty (60) days’ written notice to the other party.
This Agreement shall continue in effect for each respective Fund until the end of the Expense Reduction Term unless the Agreement is continued for additional periods as agreed to by the parties.
If any expense (including without limitation any tax or insurance premium) included within the Operating Costs, Taxes or Insurance incurred during the Base Year is thereafter reduced or eliminated (an “Expense Reduction”), then for the purpose of calculating Tenant’s Cost Allocation, the applicable Base Year amount shall be reduced to reflect the Expense Reduction.
Notwithstanding the foregoing, Executive may manage his personal investments, engage in educational, charitable or other community activities, continue to satisfy his performance obligations with regard to Expense Reduction Analysts of Kentucky, LLC and 33 Degree Convenient Connect, LLC, and business advisory capacities as long as such activities do not pose an actual or apparent conflict of interest and do not interfere with Executive's performance of his duties under this Agreement.
In the event that Parent is not able to deduct the entirety of its Expense Reduction from a single payment under this Section 2.7(a) because of the foregoing cap on deductions, then any excess above the foregoing cap may be carried forward and deducted from future payments under this Section 2.7(a).
If any expense (including without limitation any tax or insurance premium) included within the Operating Expenses incurred during the Base Year is thereafter reduced or eliminated (an “Expense Reduction”), then for the purpose of calculating the County’s Proportionate Share of Operating Expenses, the applicable Base Year amount shall be reduced to reflect the Expense Reduction.
The number of such Expense Reduction Shares shall be calculated as follow: one (1) share of Class F common stock of Legacy for each $10.00 of such Buyer Transaction Expenses paid from funds in the Trust Fund immediately prior to the consummation of the transactions contemplated in the Business Combination Agreement in excess of $16,400,000 (such number of shares subject to forfeiture, in the aggregate, the “Expense Reduction Shares”).
If any expense included within the Operating Costs, Insurance Costs or Taxes incurred during the Base Year is thereafter reduced or eliminated (an “Expense Reduction”), then for the purpose of calculating Tenant’s Cost Allocation, the applicable Base Year amount will be reduced to reflect the Expense Reduction.
In the event that the SEC or any other Governmental Authority objects or raises concern with respect to the Expense Reduction, Company and Buyer agree to work in good faith to adjust the Merger Consideration to account for the amount of the Expense Reduction.
The Sponsor hereby (a) agrees and acknowledges that any other rights that it might have to the Expense Reduction Shares are hereby terminated and shall be of no force or effect and (b) authorizes Legacy to take such actions as shall be necessary to evidence such surrender and forfeiture of the Expense Reduction Shares on or after the consummation of the transactions contemplated in the Business Combination Agreement upon Buyer Transaction Expenses paid from the Trust Fund exceeding $16,400,000.