IT Costs definition
Examples of IT Costs in a sentence
One-half of any costs or expenses incurred by Sellers prior to the Closing in connection with the fulfillment of their obligations under this Section 8.9 ("IT Costs") shall be reimbursed by Purchaser at the Closing.
Purchaser agrees to reimburse Sellers for one-half of any reasonable out-of-pocket costs or expenses incurred by Sellers or its Affiliates in respect of the performance by Sellers of their obligations under the Environmental Systems Separation and Services Agreement or the Shared Site Services Agreement (together with any IT Costs incurred on or prior to the date hereof, "Reimbursed Costs").
Reconciliation of the Estimated IT Costs and the Final IT Costs shall be concluded pursuant to section 10.5 of Part A of Schedule 13.1.
If the Excess TI Costs exceed $300,000 Lessee shall be solely responsible for such costs and shall pay such additional Excess IT Costs to Lessor prior to the commencement of construction of the Office Improvements.
The Purchase Price shall be decreased by the amount by which Total IT Costs is less than the IT Target.