Release Costs definition

Release Costs means: (i) reasonable and necessary fees, costs and expenses incurred by an Insured Person to lawfully seek the release of such Insured Person from any Pre-Claim Inquiry arrest or confinement to a specified residence or secure custodial premises operated by or on behalf of any law enforcement authority; or (ii) reasonable and necessary premium (but not collat- eral) incurred by an Insured Person for a bail bond or other similar financial instrument to guaran- tee the contingent obligation of the Insured Person for a specified amount required by a court that are incurred or required outside the United States of America during the Policy Period, provided no Claim has been made. Coverage for such premiums shall be afforded only if such premiums arise out of an actual or alleged Wrongful Act, or are incurred solely by reason of such Insured Person’s status as a director, officer or employee of an Entity. The Insured Person shall obtain the Company’s consent prior to incurring such Release Costs which shall not be unreasonably withheld.
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Release Costs means the reasonable costs and expenses (if any) of Trustee and/or the Bondholder, with respect to which College is obligated to pay or reimburse Trustee and/or Bondholder with respect to the termination of the Bond financing and release of the Foundation Mortgage. “Release Price” means the total outstanding principal balance of the Bonds and/or interest accrued thereon, as set forth in a binding payoff letter (in form reasonably satisfactory to Developer and its Title Company) given by Trustee and/or the Bondholder, which payoff letter shall provide that, upon payment of said Release Price, the Land and Property Improvements shall be release from the lien of the Foundation Mortgage and any other lien or security interest in favor the Trustee or Bondholder. “Release Threshold” means an aggregate amount of Eight Million Five Hundred Thousand and NO/100 Dollars ($8,500,000.00).
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Release Costs is defined in Article X: Hockey Operations, Section 2: Reserve System, Paragraphs D and E.
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Examples of Release Costs in a sentence

  • Except for those Updates for which the SI is responsible for providing pursuant to Section 19.7.1 (SI Costs for Software Releases of Third Party Software), the MTA acknowledges that, as between the parties, the MTA shall be responsible for certain costs that the SI incurs in connection with its provision of Updates that constitute Software Releases of Third Party Software (the "SI Software Release Costs").

  • By way of clarification, and not limitation, the SI shall support the then-current version of the NFPS Software (as updated from time to time, including due to Updates that constitute Software Releases) for those amounts included in the Price Schedule and, other than the SI Software Release Costs, the SI shall not be entitled to any additional compensation or consideration related to its provision of Updates that constitute Software Releases.

  • The SI Software Release Costs shall (i) consist only of those fees charged by the applicable Third Party to obtain a license to the Software Release and the SI's initial installation, implementation and integration of such Software Release, and (ii) be reduced by those amounts to which the SI is entitled to be paid by the MTA for the Third Party Software component that is being replaced by the Software Release.

  • In addition, as the highest applicable percentage ratio (under Rule 19.07 of the GEM Listing Rules) of the Capital Contribution exceeds 25% but is less than 75%, the Capital Contribution also constitutes a major transaction of the Company.

  • Such partial release shall be held by a title company or closing attorney acceptable to Lender, in Lender's sole discretion, in escrow to be delivered to Selling Borrower only upon payment to Lender, in accordance with the provisions of this Article Seven, of the Release Price and the Lender's Release Costs.

  • The purchase price (“Purchase Price”) payable by Developer for the Lagoon Landing Facility at Closing shall be an amount equal to the Release Price, plus the Release Costs, in an aggregate amount not to exceed the Release Threshold.

  • Should Advanz’s Secondary Packaging and Release Costs decrease, the Secondary Packaging and Release Estimated Cost shall reflect such decrease accordingly and Advanz shall provide the supporting documentation and evidence set out at (y) and (z) in respect of such decrease.

  • Developer shall pay, as part of the Release Costs, any recording costs and any costs relating to its financing for any costs associated with the payoff/release/satisfaction of the lien of the Foundation Mortgage and any other liens, rights or interests of the Trustee, Bondholder or any other third party associated with the Bonds.

  • Such Defense Expenses, Pre-Claim Inquiry Expenses, Foreign Accommodation Costs, and Custodial Release Costs will be advanced on a current basis, but no later than 90 days after the date on which the Company’s Claims department receives: (i.) the invoices documenting that such amounts have been incurred; and (ii.) any additional information or documentation reasonably requested by the Company related to such amounts.

  • The Company will advance, on behalf of the Insured Persons, Defense Expenses, Pre-Claim Inquiry Expenses, Foreign Accommodation Costs, and Custodial Release Costs that are covered under this Policy.


More Definitions of Release Costs

Release Costs means the aggregate amount of $539,115.78 representing the costs and expenses set out in the schedule attached hereto as Annex 1;
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