Expense Savings definition

Expense Savings means all unexpended cash remaining on hand on the Effective Date after paying (or reserving for the full payment of) (i) the Initial Payment, (ii) the Holdback Proceeds, (iii) the actual expenses of the Debtor and the Case, including the post-confirmation administration of the Estate, (iv) the expenses of the Subsidiaries, and (v) the establishment of a contingency reserve in the amount of $350,000.
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Expense Savings means the savings realized or achieved by Chopper and its Affiliates (i) that result from its use of FDC's or its Affiliates' products and services and (ii) that result from its use of products and services used or resold by FDC or its Affiliates and provided by third party vendors or suppliers, which products or services are purchased by, through or through arrangements made by, FDC or its Affiliates. It being understood that notwithstanding the foregoing, Expense Savings include any relative reduction in costs associated with payment processing, customer service and exemption processing/handling.
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Expense Savings. It is understood and agreed that in the event the actual company expenses during the period 1/1/2001 - 12/31/2001 are less than 60% then that percentage amount shall be a reduction to the provisional 57.5% ceding commission payable during the period 1/1/2001 - 12/31/2001 as follows: Actual Expense Reduction applied to Provisional Comm 60% - 57.5% 100% (up to 2.5%) 57.5% - 56% 50% (up to .75%) Accounts & Remittances: Monthly within 30 days, the Reinsured shall report the following to the reinsurer.
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Examples of Expense Savings in a sentence

  • The amount of LTIP Units to be issued by the Operating Partnership will be equal to the Offering Expense Savings divided by the greater of (i) $10.00 per LTIP Unit or (ii) the Company’s NAV divided by the number of Shares of the Company’s common stock outstanding as of the end of the prior fiscal quarter.

  • Operating Expense Savings means the amount, if any, by which Operating Expenses are less than the Operating Expense Benchmark.

  • Within sixty (60) days after the Effective Date, Chopper and FDC shall determine an appropriate mechanism to calculate the Expense Savings.

  • The determination by the Committee with respect to the achievement of the Sourcing Expense Savings over the Measurement Period as set forth in condition (y) above shall be effective on the Filing Date.

  • In the event Operating Revenues do not exceed the Operating Revenue Benchmark, SMG will be eligible for up to 15% of the Maximum Incentive Fee based upon Operating Expense Savings for such fiscal year as follows: For every percentage point that Operating Expense Savings exceed the Operating Expense Benchmark, SMG will be eligible for a percentage point of Maximum Incentive Fee, up to and no greater than 15% of the Maximum Incentive Fee.

  • In the event that the total amount paid by the Partnership with respect to the Exchange Offer Expenses is less than $1,350,000 (such amount the “Expense Savings”), the Partnership agrees to pay to EEI an amount equal to the product of (i) the amount of the Expense Savings multiplied by (ii) 65.3831%, but in no event more than $96,149.42.

  • For example, if the percentage of Sourcing Expense Savings is [ ]% for Fiscal 2021 compared to Fiscal 2018, then 149.0% of the Target Performance-Based Shares would vest.

  • If there are Shell Building and Tenant Improvement/Soft Costs Expense Savings, Tenant is entitled to a decrease in Minimum Annual Base Rent under the terms of this Lease, then Minimum Annual Base Rent shall be decreased for the Lease Term by an amount equal to nine and twenty-five one hundredths percent (9.25%) of the amount of the decrease in costs to which Tenant is entitled.

  • Offering Expense Savings shall have the meaning ascribed to that term in Section 8.02.

  • The Parties agree to continue to discuss parity in lab credit hours and the College’s Health Care Expense Savings Plan.