Permitted Leakage definition
Permitted Leakage means any of the following:
Permitted Leakage has the meaning given in Clause 2.7;
Permitted Leakage means:
Examples of Permitted Leakage in a sentence
No Leakage (other than Permitted Leakage) having occurred since the date of this Agreement.
If any Leakage (other than Permitted Leakage) occurs, the Company shall promptly notify the Investor and shall procure that the amount of such Leakage is repaid to the relevant member of the Company Group within five (5) Business Days of such notification.
From the date of this Agreement until the Closing Date, the Company shall procure that no Leakage occurs, other than Permitted Leakage.
More Definitions of Permitted Leakage
Permitted Leakage means the following payments made or accrued or to be made by the Company or any other member of the Group:
Permitted Leakage means, with respect to the Company or any of its Subsidiaries, (i) any payment or action which Parent agrees in writing constitutes Permitted Leakage, (ii) any payments or provision of compensation or benefits (including bonuses, commissions, incentive payments, severance, termination pay, retention bonuses or similar amounts) to any directors, managers, officers, employees, consultants or other service providers of such Person in the Ordinary Course of Business of such Person, including the employer portion of all Taxes due thereon, in each case, (x) in compliance with the terms of this Agreement and (y) other than to the extent such payment would constitute a Company Expense, (iii) (x) reimbursement of expenses of an employee, director, manager, officer, consultant or other service provider of such Person in the Ordinary Course of Business of such Person and in accordance with any applicable policies of the Company and its Subsidiaries or (y) advances of expenses of an employee, director, or officer to the extent required by any Contract with such employee, director or officer, (iv) any payment by the Company or any of its Subsidiaries to the Company or any of its other Subsidiaries, (v) any indemnification of, and related advances for expenses to, such Person’s directors, managers and officers pursuant to the Company’s and its Subsidiaries’ Governing Documents (or any written indemnification agreement set forth on Section 1.1(iii) of the Company Disclosure Letter and made available to Parent) as in effect as of the date hereof, including any premiums payable in relation to the insurance coverage related thereto, (vi) any arms’ length payments to or transactions with any portfolio company of a Covered Person pursuant to commercial agreements (x) set forth on Section 1.1(iv) of the Company Disclosure Letter, or (y) in the Ordinary Course of Business for bona fide products or services in an annual aggregate amount not to exceed $812,000, provided in each of (x) and (y) that such agreement was entered into prior to the date hereof, (vii) all payments to be made pursuant to Article III (including any Company Expenses), (viii) payment or accrual of any liability specifically accounted for in the Company Financial Statements as of the Lockbox Date and (ix) any Taxes payable by the Company or any of its Subsidiaries in connection with any of the matters described in any of clauses (i) through (viii) of this definition.
Permitted Leakage means any matter set out in Schedule 6;
Permitted Leakage has the meaning set forth in Section 2.7(d).
Permitted Leakage means (i) any payments made to Seller pursuant to and in accordance with the Employment Agreement, (ii) bonus payments to be made to employees and officers of the Group Companies in an amount not to exceed an aggregate of $140,000, and (iii) any payments made to Buyer or its Affiliates (other than the Seller Parties).
Permitted Leakage means those payments set out or described in Schedule 4;
Permitted Leakage means any of the matters set forth in Schedule 4;