Prepaid Expense Amount definition

Prepaid Expense Amount means proceeds of equity contributions specifically for the purpose of paying prepaid expenses on deposit in the Construction Account prior to the end of the Availability Period, and subsequent to the end of the Availability Period, on deposit in the Revenue Account.
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Prepaid Expense Amount means an amount up to and including $175,000 consisting of all costs and expenses paid by the Company following the date hereof and prior to the Closing Date, in each case to the extent incurred by the Company in connection with this Agreement and the transactions contemplated hereby.
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Prepaid Expense Amount means that portion of any expense items paid in advance by the Companies in the ordinary course of business with respect to periods on and after the Closing Date, which are identified on a schedule to be delivered to Buyers on the Closing Date and which amount shall not exceed $158,078.13 in the aggregate.
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Examples of Prepaid Expense Amount in a sentence

  • VASCO and SSI agree that the Prepaid Expense Amount shall be subtracted from the Prepaid Receivables Amount and the remainder shall be the "Offset Amount" and such amount shall be offset against the monthly payments otherwise due to VASCO from SSI under the Promissory Note, until the balance of the Offset Amount has been offset.

  • VASCO acknowledges and agrees that SSI shall not remit the Prepaid Expense Amount to VASCO at the Closing.

  • The parties hereto agree that the amount designated as "Total Prepaid Receivables" on Schedule 5.12 represents the Prepaid Receivables Amount and the amount designated as "Total" on Schedule 2.1.4 represents the Prepaid Expense Amount.

  • Buyers shall have 10 Business Days after Closing to review information substantiating the Prepaid Expense Amount.

  • Prepaid Receivables Amount and Prepaid Expense Amount; Offset Against Promissory Note..

  • At Closing, Buyer and Seller shall agree on the amount of rent and real estate taxes for the Company that shall have been prepaid by Seller or the Company prior to Closing and relate to the period from and after the Closing Date (the "Prepaid Expense Amount"), such amount not to exceed $60,000 in the aggregate.

  • With respect to that portion of the Prepaid Expense Amount that is not subject to a discrepancy, Buyers shall pay, or cause to be paid, such amount to the Sellers on the tenth Business Day after the Closing.

  • Seller shall provide Buyer with such documentation as Buyer may reasonably request to evidence the amount of the Prepaid Expense Amount.


More Definitions of Prepaid Expense Amount

Prepaid Expense Amount means the aggregate amount of prepaid state franchise or income taxes, prepaid federal income taxes and prepaid insurance of the Seller Parties as of the Closing Date.
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Prepaid Expense Amount means the aggregate amount of Prepaid Expenses as of the Closing Date, as determined in accordance with the Calculation Principles.
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