Organization Expenses definition

Organization Expenses means those expenses incurred, either by the Company, on behalf of the Company or for which the Company has agreed to make reimbursement, in connection with the formation of the Company including such expenses as: (i) registration fees, filing fees, and taxes; and (ii) legal fees incurred in connection with any of the foregoing.

Organization Expenses means the aggregate of all Offering Expenses, including Selling Commissions and the Marketing Contribution.

Organization Expenses means those expenses incurred in connection with the formation, qualification and registration of the Trust, any Fund and the Shares under applicable U.S. federal and state law, and any other expenses actually incurred and, directly or indirectly, related to the organization of the Trust or any Fund or the offering of a Fund’s Shares prior to the time such Shares begin trading on an Exchange, including, but not limited to, expenses such as: (i) initial registration fees, prepaid licensing fees, filing fees, escrow fees and taxes, (ii) costs of preparing, printing (including typesetting), amending, supplementing, mailing and distributing the Registration Statement, the Exhibits thereto and the Prospectus for a Fund, (iii) the costs of qualifying, printing, (including typesetting), amending, supplementing, mailing and distributing sales materials used in connection with the offering and issuance of the Shares of a Fund, (iv) travel, telegraph, telephone and other expenses in connection with the offering and issuance of the Shares of a Fund, and (v) accounting, auditing and legal fees (including disbursements related thereto) incurred in connection therewith.

Examples of Organization Expenses in a sentence

• SALARIES, REIMBURSEMENT, AND PAYMENT OF EXPENSES Organization Expenses.

• Assets held by the Partnership will be valued at least annually (or more often, as SBA may require), and will be valued at least semi-annually (or more often, as SBA may require) at any time that the Partnership has Outstanding Leverage.54 50 SBA requires Organization Expenses to be reasonable relative to the size of the fund.

• The General Partner agrees to assume and pay, in addition to all of its own expenses, the Organization Expenses and all normal operating expenses attributable to the Partnership’s activities, to the extent not paid by the applicable Portfolio Companies, on the terms and conditions herein set forth.

• Items of income, expense, gain, or loss shall be specially allocated as the General Partner determines may be necessary to result in Capital Account balances for the Partners in the same amounts as would apply if, in lieu of any different treatment that may be otherwise required, the Initial Organization Expenses are amortized over a fifteen (15) year period following their incurrence, subject to complying with Section 6.3(i) and Section 6.3(k).

• However, the General Partner or its Affiliates, which incurs such Organization Expenses, may in its sole and absolute discretion elect to forgo reimbursement of Organizational Expenses.

More Definitions of Organization Expenses

Organization Expenses means those expenses incurred in connection with the formation of the Company.

Organization Expenses means the fees, costs and expenses of and incidental to the formation of the Partnership and the General Partner and the licensing of the Partnership as an SBIC.

Organization Expenses means all of the out-of-pocket expenses incurred in connection with the organization and formation of the Company such as filing fees and costs and other costs and fees of the Members and their advisors.

Organization Expenses means those expenses incurred, either by the Partnership or for which the Partnership has agreed to make reimbursement, in connection with the formation of the Partnership which shall be subject to the reasonable approval of the Investor Representatives and which shall include such expenses as: (i) registration fees, filing fees, and taxes; and (ii) legal and accounting fees incurred in connection with any of the foregoing.

Organization Expenses means all expenses incurred by the Partnership or Mauna Loa in connection with the organization of the Partnership, the transfer of the Original Xxxxxxx Xxxxxxxxxx to the Partnership and the Initial Offering.

Organization Expenses means those expense incurred in connection with the formation of the Company as further described in paragraph 8(i).

Organization Expenses means the reasonable out-of-pocket expenses incurred by the General Partner in connection with the organization of the Partnership (including, without limitation, fees and disbursements of attorneys and other professionals and other fees and expenses).