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
The Parties acknowledge and agree that the Group shall be entitled to make or have made the Dividend Payment in the Interim Period, of which an amount of EUR 32,300,000 shall qualify as permitted leakage (the "Permitted Leakage").
More Definitions of Permitted Leakage
Permitted Leakage means any of the following payments made by any Group Company:
Permitted Leakage means any (a) payments (or accruals in respect of payments to be made) of salaries, pensions contributions, expenses, bonuses (whether contractual or discretionary, but only to the extent either historically accrued on the Balance Sheet or approved by Buyer) or directors’ fees (to the extent historically accrued on the Balance Sheet), in each case, in the ordinary course of business, on arm’s length and on a basis consistent with past practice, except with respect to expenses set forth in Section 2.05(a)(ii); (b) payments made or accruals in respect of payments to be made or Liabilities otherwise incurred to the extent that any such payment, accrual or Liability has been or will be reimbursed to any ACFP Company by Seller on or prior to Closing; (c) other payments, accruals, assumptions, indemnifications or the incurrence of any other Liabilities by any ACFP Company to which Buyer has given its prior consent in writing; (d) any Leakage refunded or made to the ACFP Companies on or prior to Closing; (e) any matter undertaken by or on behalf of any ACFP Company at the written request or with the written agreement of Buyer; (f) any payment made or agreed to be made by or on behalf of any ACFP Company to Third Parties in respect of costs reasonably and properly incurred by Seller or any of its Affiliates on behalf of any ACFP Company in the ordinary course of business and/or recharged to any ACFP Company, to the extent such costs are to Third Parties and were accrued in the books and records of ACFP prior to the Locked Box Date and are unrelated to the transaction contemplated hereby and the related costs thereto; (g) any payment or transfer of assets or Liabilities or provision of services on arms’-length terms or in the ordinary course of business with Third Parties; (h) principal and interest payments made pursuant to the Credit Agreement; (i) any payment or accrual in respect of Pre-Closing Taxes to the extent they are unrelated to the transaction contemplated hereby; and (j) any Taxes arising or amount in respect of Taxes payable or suffered by any ACFP Company in respect of or in consequence of any of the foregoing to the extent they are unrelated to the transaction contemplated hereby.
Permitted Leakage has the meaning set forth in Section 2.7(d).
Permitted Leakage means, from (but excluding) the Locked Box Date to (and including) the Completion Date:
Permitted Leakage means any distribution, payment, cost, action, matter or transaction