Organizational Costs definition
Organizational Costs means the aggregate of (i) expenses and application fees associated with participation in the Company; (ii) allocable salaries and expenses of employees and consultants of the Manager assisting with the organization and formation of the Company and/or the Initial Capitalization; (iii) charges of depositories in connection with the Units; (iv) reasonable attorney, accountant, and consultant fees in connection with the organization and formation of the Company and the preparation of this OFFERING CIRCULAR; and (v) andy General and Administrative Expenses of the Manager during the Application Period.
Organizational Costs means any and all expenses (including, without limitation, travel expenses, printing costs, legal and accounting fees, and other out-of-pocket expenses) incurred in connection with the organization of the Partnership.
Organizational Costs means expenses incurred incident to the organization of the Partnership, including, but not limited to, fees and expenses of accountants, legal and tax counsel and other experts; filing costs; and other costs and expenses incurred in the organization of the Partnership.
Examples of Organizational Costs in a sentence
The Members agree that the Organizational Costs incurred by each Member on behalf of the Company shall not exceed one-hundred thousand dollars ($100,000), unless expressly authorized by the Board pursuant to Board Approval.
Such reimbursements for the Organizational Costs shall be made from the Company’s available operating cash or from Capital Contributions.
All Organizational Costs and Expenses incurred by TRT or DDR shall be reimbursed by the Joint Venture upon the Closing as provided in the Partnership Agreement.
All Organizational Costs and Expenses paid prior to the date hereof by any Partner shall be reimbursed to such Partner by the Partnership.
Organizational Costs and Expenses shall be paid in accordance with the Partnership Agreement.
More Definitions of Organizational Costs
Organizational Costs means those costs and expenses incurred by the Company in connection with its creation and organization, all as determined in accordance with GAAP.
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses. Person – means a corporation, limited liability company, partnership, limited partnership, public or private pension fund, insurance company, foundation, endowment, investment company, trust, estate, governmental entity or other entity or natural person. Preferred Return – means the 3% Preferred Return with respect to the Social Impact Investor or the 6% Preferred Return with respect to the Private Investor. Prime Rate – means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, or any successor money center bank, from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and
Organizational Costs has the meaning given to such term in Section 14(c).
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses.
Organizational Costs shall have the meaning assigned to it in Section 4.6(b). "Person" shall mean an individual corporation, custodian, trustee, executor, administrator, nominee or entity in a representative capacity, partnership, limited partnership, limited liability company, foreign limited liability company, trust, estate. "Sharing Percentage" shall mean the sharing percentage of each Member as it relates to such Member's respective membership interests.
Organizational Costs means those expenses incurred by the Fund or persons acting on the Fund’s behalf (including the Fund’s trustees and promoters) to organize the Fund and offer its shares to the public, including (i) filing fees and expenses, (ii) fees incurred for legal services pertaining to the organization of the Fund, the drafting of an agreement and declaration of trust, bylaws, investment management and forms of sub-advisory agreements, administration, custody and transfer agent agreements, and performing research and consultation services in connection with the initial meetings of trustees,; and (iii) legal and other fees incurred to prepare the Fund’s Registration Statement on Form N-2, including the amendments and exhibits thereto up to the time that the Fund’s Registration Statement is declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and the Fund has filed with the SEC a definitive prospectus.
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses. Person – means a corporation, limited liability company, partnership, limited partnership, public or private pension fund, insurance company, foundation, endowment, investment company, trust, estate, governmental entity or other entity or natural person. Preferred Return – means the 3% Preferred Return with respect to the Social Impact Investor or the 6% Preferred Return with respect to the Private Investor. Prime Rate – means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, or any successor money center bank, from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum rate permitted by Law. Private Investor – means a Member that holds any Class A Units, including any fractional Class A Units, or, if said Member has not yet been required to make Capital Contributions, a Member that will acquire Class A Units upon making its initial Capital Contribution. Private Placement Memorandum – means that certain Private Placement Memorandum of CIC Mezzanine Investors, L.L.C. provided by the Company to a Member, as supplemented in writing delivered to each Member prior to the Closing Date.