General & Administrative Expenses means actual paid expenses for administration, as reported to the commissioner and the National Association of Insurance Commissioners.
General & Administrative Expenses means an amount intended to cover a Party’s general and administrative costs chargeable to the Collaboration, which shall be an amount equal to [**] percent ([**]%) of the sum of Development Costs, Cost of Products Sold, and Selling and Marketing Expenses.
General & Administrative Expenses means, in relation to any relevant Accounting Period, the proportionate share (calculated based on number of Ships owned) represented by the Group of the aggregate (on a consolidated basis) amounts paid by the Parent Guarantor and its Subsidiaries during such Accounting Period with respect to salaries and related expenses (including bonuses), costs related to board of director activities and director and officer indemnification insurance, travel expenses, office rent and office expenses, professional service costs such as audit and legal fees and all other expenses accounted for as such in the Parent Guarantor’s quarterly consolidated financial statements for such Accounting Period.
Examples of General & Administrative Expenses in a sentence
Attach a Trial Balance with grouping of accounts used to arrive at the following Indirect Cost amounts: Fringe Benefits $ General & Administrative Expenses $ Sum $ 2c.
Generally, Indirect Costs are segregated into the following categories: Fringe Benefits and General & Administrative Expenses .
Generally, Indirect Costs are segregated into the following categories: Fringe Benefits and General & Administrative Expenses.
Forecasted Shippers' Savings with respect to Foothills' General & Administrative Expenses Settlement Agreement dated January 13, 2003 as approved in Board Order TG-2-2003.
Agreed to amount for Foothills' General & Administrative Expenses pursuant to the Settlement Agreement dated January 13, 2003 as approved in Board Order TG-2-2003.
More Definitions of General & Administrative Expenses
General & Administrative Expenses means actual incurred expenses allocated separately to loss adjustment, commissions, other acquisition costs, advertising, general office expenses, taxes, licenses and fees, and all other expenses.
General & Administrative Expenses means, in relation to any relevant accounting period, amounts paid by the Borrowers during such accounting period with respect to salaries and related expenses (including bonuses), costs related to board of director activities and director and officer indemnification insurance, travel expenses, office rent and office expenses, professional service costs such as audit and legal fees and all other expenses accounted for as such in the Borrowers' accounts for such accounting period.
General & Administrative Expenses means, in respect of any Person, all expenses that are or should be, in accordance with GAAP, recorded as general and administrative expenses on the income statement of the Person who paid such expenses; provided, that (a) for the purposes of the covenant set forth in Section 9.24(b), “General & Administrative Expenses” of the Borrower shall exclude (i) the reasonable expenses for any restructuring advisor hired by (A) the Loan Parties, the Administrative Agent or the Lenders in connection with any workout, restructuring or similar negotiations in respect of the Secured Obligations pursuant to Section 8.22 and (B) the Loan Parties, the Revolving Agent or the Revolving Lenders in connection with any workout, restructuring or similar negotiations in respect of the obligations under the Revolving Loan Documents pursuant to Section 8.22 of the Revolving Credit Agreement, (ii) the reasonable expenses for preparation of the July 1, 2020 Reserve Report by Netherland, Xxxxxx & Associates, Inc., (iii) the reasonable expenses for any legal counsel hired by (A) the Loan Parties, the Administrative Agent or the Lenders in connection with any workout, restructuring or similar negotiations in respect of the Secured Obligations pursuant to Section 8.22 and (B) the Loan Parties, the Revolving Agent or the Revolving Lenders in connection with any workout, restructuring or similar negotiations in respect of the obligations under the Revolving Loan Documents pursuant to Section 8.22 of [Credit Agreement] the Revolving Credit Agreement, (iv) severance payments (regardless of when offered or accepted) to former employees of the Borrower; provided, that the aggregate amount of such severance payments that may be excluded pursuant to this clause (iv) shall not exceed $375,000 for the period from the Third Amendment Effective Date through September 30, 2020, and (v) share-based compensation expenses; provided, that the aggregate amount of such share-based compensation expenses that may be excluded pursuant to this clause (v) shall not exceed $500,000 for the period from the Third Amendment Effective Date through September 30, 2020 and (b) for all purposes hereunder, “General & Administrative Expenses” of the Borrower in any fiscal quarter shall reflect adjustments for (i) SBA PPP Loan proceeds properly allocable as a credit to general and administrative expenses in such fiscal quarter and (ii) the amount of pro forma “run rate” cost savings and operating expense reductions that...
General & Administrative Expenses means, in respect of any Person, all expenses that are or should be, in accordance with GAAP, recorded as general and administrative expenses on the income statement of the Person who paid such expenses; provided, that (a) for the purposes of the covenant set forth in Section 9.24(b), “General & Administrative Expenses” of the Borrower shall exclude (i) any fees, expenses and other transaction costs payable to third parties which are incurred through September 30, 2021 arising in connection with the Transactions and/or the Plan of Reorganization (including Restructuring Fees), (ii) severance payments (regardless of when offered or accepted) to former employees of the Borrower and (iii) share-based compensation expenses, (b) for the purposes of the covenant set forth in Section 9.24(b), “General & Administrative Expenses” of the Borrower shall, (i) for the Rolling Period ending September 30, 2021 be actual General & Administrative Expenses for the fiscal quarters ending June 30, 2021 and September 30, 2021 multiplied by 2, (ii) for the Rolling Period ending December 31, 2021, be actual General & Administrative Expenses for the fiscal quarters ending June 30, 2021, September 30, 2021 and December 31, 2021 multiplied by 4/3 and (iii) for the Rolling Period ending March 31, 2022 and thereafter, by actual General & Administrative Expenses for such Rolling Period and (c) for all purposes hereunder, “General & Administrative Expenses” of the Borrower in any fiscal quarter shall reflect adjustments for SBA PPP Loan proceeds properly allocable as a credit to general and administrative expenses in such fiscal quarter.
General & Administrative Expenses. (or "G&A") shall mean non-COGS and non-Marketing Expenses, including costs incurred in support of the relevant Pandemic Product from the following administrative functions: finance, human resources, legal, and information technology.
General & Administrative Expenses means the total amount of all costs and expenses actually paid in cash during such time period by the Partnership such as but not limited to audit/accounting fees, legal fees, transfer agent fees, printing and postage fees, out of pocket costs and any other cost or expenses paid in connection with the management and administration of the Partnership.
General & Administrative Expenses means the total amount of all costs and expenses actually paid in cash during such time period by the Partnership such as but not limited to audit/accounting fees, legal fees, transfer agent fees, printing and postage fees, out of pocket costs and any other cost or expenses paid in connection with the management and administration of the Partnership. All mandatory prepayments of principal made as required under this paragraph shall be applied to the principal balance of this Note and shall not be subject to any prepayment fees. Except as otherwise defined herein, all capitalized terms used and not otherwise defined in this Note shall have the meanings ascribed to them in that certain Credit Agreement dated as of December 9, 1981, between the Partnership and the Original Holder (in its capacities both as lender and as trustee), as amended by that certain Amendment Agreement dated June 30, 1983, between the Partnership and the Original Holder, as amended and restated by that certain First Amended and Restated Credit Agreement dated as of the date hereof between the Partnership and the Lender, and as the same may from time to time be further amended, modified, extended or renewed (the "Credit Agreement"). Notwithstanding anything to the contrary in this Note, the Security Documents or the Credit Agreement, neither the Lender nor the successors or assigns of the Lender shall have any claim, remedy or right to proceed against the Partnership, any limited partner of the Partnership, the general partner of the Partnership in its individual corporate capacity, or any incorporator or any past, present or future subscriber to the capital stock of, or stockholder, officer or director of the said general partner, for the payment of any deficiency or any other sum owing on account of the indebtedness evidenced by this Note from any source other than the Barges and the collateral securing this Note under the Credit Agreement and the Security Documents; and the Lender, by acceptance hereof, waives and releases any personal liability of the Partnership, any limited partner of the Partnership, the general partner of the Partnership in its individual corporate capacity and any incorporator or t, present or future subscriber to the capital stock of, or stockholder, officer or director of the said general partner, for and on account of such indebtedness or such liability, and agrees to look solely to the said Barges and the collateral security for the satisfaction of such lia...