Shared Services Payments definition
Shared Services Payments means payments by the Borrower and its Subsidiaries in cash to the Parent or RHD Corp., as the case may be, in respect of the provision by the Parent or RHD Corp. or any of their respective subsidiaries (other than Holdings, RHD Inc. or any of their respective subsidiaries) to the Borrower and its subsidiaries of Shared Services; provided, however, that all such payments shall be made solely to reimburse the Parent or RHD Corp., as the case may be, for those actual cash costs (including accrued costs payable by the Parent, RHD Corp. or any of their respective subsidiaries (other than Holdings, RHD Inc. or any of their respective subsidiaries) in cash within the 30-day period after receipt of a Shared Services Payment) associated with the Shared Services Assets and Operations that are directly attributable or otherwise allocable to the provision of such services to the Borrower and its Subsidiaries (it being understood that to the extent that any of the costs of such services cannot be clearly allocated as between the Borrower and its Subsidiaries, on the one hand, and the East Borrower and its subsidiaries, RHD Inc. and its subsidiaries or Unrestricted Subsidiaries, on the other hand, such costs shall be allocated on a fair and reasonable basis).
Shared Services Payments means payments by the Borrower and its Subsidiaries in cash to the Parent in respect of the provision by the Parent or any of its subsidiaries (other than Holdings or any subsidiary of Holdings) to the Borrower and its subsidiaries of Shared Services; provided, however, that all such payments shall be made solely to reimburse the Parent for those actual cash costs (including accrued costs payable by the Parent or any of its subsidiaries (other than Holdings or any subsidiary of Holdings) in cash within the 30-day period after receipt of a Shared Services Payment) associated with the Shared Services Assets and Operations that are directly attributable or otherwise allocable to the provision of such services to the Borrower and its Subsidiaries (it being understood that to the extent that any of the costs of such services cannot be clearly allocated as between the Borrower and its Subsidiaries, on the one hand, and the Phase II Borrower and its subsidiaries or Unrestricted Subsidiaries, on the other hand, such costs shall be allocated on a fair and reasonable basis).
Shared Services Payments means payments by the recipient of Shared Services in cash to the provider of such Shared Services in respect of the provision of such Shared Serviced, provided, however, that all such payments shall reflect a fair and reasonable allocation of the costs of such Shared Services.
Examples of Shared Services Payments in a sentence
The Parent will from time to time provide the Administrative Agent with such analyses and other information regarding Shared Services Payments, including with respect to attributions and allocations of costs and expenses to the Borrower and the Subsidiaries, as the Administrative Agent may reasonably request.
The Parent will invoice the Borrower and the Subsidiaries for Shared Services Payments on a periodic basis, not less frequently than quarterly.
Holdings (or a Subsidiary of Holdings formed for such purpose) will invoice the Borrower and its Subsidiaries for Shared Services Payments on a periodic basis, not less frequently than quarterly.
Holdings (or a Subsidiary of Holdings formed for such purpose) will from time to time provide the Administrative Agent with such analyses and other information regarding Shared Services Payments, including with respect to attributions and allocations of costs and expenses to the Borrower and its Subsidiaries, as the Administrative Agent may reasonably request.
More Definitions of Shared Services Payments
Shared Services Payments means payments by the Borrower and its Subsidiaries in cash to the Parent in respect of the provision by the Parent or any of its subsidiaries (other than Holdings or any subsidiary of Holdings) to the Borrower and its subsidiaries of Shared Services; provided, however, that all such payments shall be made solely to reimburse the Parent for those actual cash costs (including accrued costs payable by the Parent or any of its subsidiaries (other than Holdings or any subsidiary of Holdings) in cash within the 30-day period after receipt of a Shared Services Payment) associated with the Shared Services Assets and Operations that are directly attributable or otherwise allocable to the provision of such services to the Borrower and its Subsidiaries (it being understood that to the extent that any of the costs of such services cannot be clearly allocated as between the Borrower and its Subsidiaries, on the one hand, and the East Borrower and its subsidiaries or Unrestricted Subsidiaries, on the other hand, such costs shall be allocated on a fair and reasonable basis).
Shared Services Payments payments by the Borrower and its Subsidiaries in cash to Holdings (or a Subsidiary of Holdings formed for such purpose) in respect of the provision by Holdings (or such Subsidiary) to the Borrower and its Subsidiaries of Shared Services; provided, however, that all such payments shall be made solely to reimburse Holdings (or such Subsidiary) for those actual cash costs (including accrued costs payable by Holdings (or such Subsidiary) in cash within the 30-day period after receipt of a Shared Services Payment) associated with the Shared Services Assets and Operations that are directly attributable or otherwise allocable to the provision of such services to the Borrower and its Subsidiaries (it being understood that to the extent that any of the costs of such services cannot be clearly allocated as between the Borrower and its Subsidiaries, on the one hand, and the Target and its Subsidiaries, on the other hand, such costs shall be allocated on a fair and reasonable basis).
Shared Services Payments means payments by the Borrower and its Subsidiaries in cash to the Parent in respect of the provision by the Parent to the Borrower and its subsidiaries of Shared Services; provided, however, that all such payments shall be made solely to reimburse the Parent for those actual cash costs (including accrued costs payable by the Parent in cash within the 30-day period after receipt of a Shared Services Payment) associated with the Shared Services Assets and Operations that are directly attributable or otherwise allocable to the provision of such services to the Borrower and its Subsidiaries (it being understood that to the extent that any of the costs of such services cannot be clearly allocated as between the Borrower and its Subsidiaries, on the one hand, and the Phase II Borrower and its subsidiaries or Unrestricted Subsidiaries, on the other hand, such costs shall be allocated on a fair and reasonable basis).