Reimbursable Payment definition

Reimbursable Payment means, with respect to a Loan of a Partnership, payment by a Paying Party (i) to the lender of all or part of the amount owed by the Partnership on the Loan, either pursuant to such Paying Party's obligations under a guarantee, indemnity or similar agreement or pursuant to any obligation imposed by law or otherwise, or (ii) to any other Party or to a partner in the Partnership (or a partner in any such partner) of any amount with respect to all or a portion of the Loan pursuant to a guarantee, indemnity or similar agreement or pursuant to any obligation imposed by law or otherwise.
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Reimbursable Payment means a payment made by Du Pont (or such Affiliate) to the beneficiary of a guaranty or indemnity set forth in Exhibit B of the Agreement ("Beneficiary"), up to the maximum amount of such guaranty or indemnity shown on said Exhibit, that is made in discharge of (a) a final judgment or order of a court of competent jurisdiction in favor of such Beneficiary respecting the claims of such Beneficiary under such guaranty or indemnity, or (b) a written agreement between Du Pont (or such Affiliate) and such Beneficiary settling with finality, and releasing Du Pont (or such Affiliate) from further obligations respecting such claims of such Beneficiary under such guaranty or indemnity to which agreement Rheinbraun shall have consented in writing prior to the execution thereof (which consent shall not be unreasonably withheld), and (ii) the term "Expenditures" shall mean all reasonable expenses of Du Pont (or such Affiliate) paid to any third party that are incidental to a claim referred to in (i) above, provided however that Du Pont (or such Affiliate) shall have consulted with Rheinbraun prior to incurring such expenses. Any other term not defined herein shall have the same meaning given it in the Agreement.
Sample 1
Reimbursable Payment means each setoff and reduction made by Fleet with respect to the principal amount owing under the Fleet Note including the amount of set-off and reduction made by Fleet with respect to the presentation of the Final Drawing Certificate.
Sample 1

Examples of Reimbursable Payment in a sentence

  • If We receive a complying presentation We will comply with Our Reimbursable Payment Obligation even if We mistakenly inform You that the presentation was non-compliant.

  • You must ensure that the carrier releases Us from the Reimbursable Payment Obligations in a manner satisfactory to Us and that Our liability under the Reimbursable Payment Obligation is extinguished as soon as possible.

  • The Applicant shall provide to the Bank Cash Cover up to or equal to the Bank's contingent or unmatured liability under or in relation to any or all Reimbursable Payment Obligations.

  • When the Bank fulfils a Reimbursable Payment Obligation, the Applicant shall immediately reimburse the Bank in full in the same currency together with interest from and including the date of such payment to and including the date of such reimbursement (such interest to accrue on a daily basis at such rate as the Bank may reasonably charge and as shall be advised in writing to the Applicant).

  • NQTL requirements include geographic limits, facility-type limits, and network adequacy, and, as such, issuers will need to demonstrate that members will have the necessary access to mental health and substance use disorder providers.

  • For the avoidance of doubt, amounts that may be outstanding under a Facility shall include sums up to or equal to the Bank’s contingent or unmatured liability (as determined by the Bank) under or in relation to any Reimbursable Payment Obligations.

  • If We specify, You will on or shortly before the date on which We make (or are likely to make) a Reimbursable Payment Obligation pay to Us a sum equal to such payment.

  • An inspector or approved fieldman shall certify farms that meet the requirements of Section 150, as applicable, based upon the inspection procedure described in Subsection 160.02.

  • We may make payment under any Reimbursable Payment Obligation at any time before it becomes (or is stated to become) payable and Your reimbursement obligations to Us under the Agreement will still apply.

  • When We fulfil a Reimbursable Payment Obligation, You must immediately reimburse Us in full in the same currency together with interest from and including the date of such payment to and including the date of such reimbursement (such interest to accrue on a daily basis at such rate as We may reasonably charge).


More Definitions of Reimbursable Payment

Reimbursable Payment means the act of payment by the Agent on behalf of the Borrower to the Lenders the amount equivalent to the amount to be distributed to the Lenders on the Due Date in accordance with Article 19(1) through 19(5) prior to the completion of the payment by the Borrower. The Borrower or the Lenders shall not raise any objection to the Agent making a Reimbursable Payment.
Sample 1

Related to Reimbursable Payment

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Reimbursable Expenses means, for any Shared-Loss Quarter, the amount of actual, reasonable and necessary out-of-pocket expenses (other than Capitalized Expenditures), paid to third parties (other than Affiliates of the Assuming Institution) by or on behalf of the Assuming Institution, as limited by Sections 3.2(c) and (d) of Article III of this Commercial Shared-Loss Agreement, to:

  • Reimbursable item also means “allowable cost” and “compensable item.”

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Termination Costs The costs and expenses related to the termination of any Servicer, the appointment of a successor servicer or the transfer and assumption of servicing with respect to the related Servicing Agreement, including, without limitation, the items set forth in Section 3.03(c).

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Reasonable payment means, with respect to professional and other technical services, a payment in an amount that is consistent with the amount normally paid for such services in the private sector.

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Transfer expenses means all expenses of a transfer that the transfer agreement requires the payee to pay or have deducted from the gross advance amount, including, but not limited to, court filing fees, attorney fees, escrow fees, lien recordation fees, judgment and lien search fees, finders' fees, commissions, and other payments to a broker or other intermediary. Transfer expenses do not include preexisting obligations of the payee that are payable for the payee's account from the proceeds of a transfer.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Distribution Expenses means the reasonable costs, excluding overhead, incurred by ZIOPHARM that are directly and reasonably allocable to the distribution of a ZIOPHARM Product with respect to a particular country where such ZIOPHARM Product has been launched, excluding any costs included as a deduction in calculating Net Sales.

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.

  • Reimbursement Amount As defined in Section 2.04.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Company Expenses has the meaning provided in Section 8.3.

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.

  • Expense Fee As to each Mortgage Loan and any Distribution Date, the product of the Expense Fee Rate and its Stated Principal Balance as of that Distribution Date.

  • Expense Fees As to each Mortgage Loan, the sum of the Servicing Fee and the Trustee Fee.

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Tuition Fees means a sum specified in the Offer Letter, payable by the Student to cover tuition, access to College facilities, enrolment procedures and orientation meetings, use of Information Technology facilities, exam sitting and a Kaplan award on successful completion of the Programme; and

  • Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

  • Indemnification Expenses shall have the meaning set forth in Section 6.11(a).