Transition Costs definition

Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

Transition Costs shall have the meaning specified in Section 8.2(b) of the Sale and Servicing Agreement.

Transition Costs shall have the meaning specified in Section 8.2(b).

Examples of Transition Costs in a sentence

• DIR SOC Transition Costs will be itemized on the applicable DIR Monthly Invoices in sufficient detail to delineate the specific nature of the Charges and the applicable amount payable.

• If an Everside Physician or Provider is terminated without Good Cause during or after the Initial Term and upon the sole request of Client, then Client shall pay to Everside the sum of the Transition Costs and the cost of the Physician’s or Provider’s severance, such sum not to exceed 90 days’ salary of the terminated/terminating Physician/Provider.

• If an Everside Physician is terminated without Good Cause during or after the Initial Term and upon the sole request of Client, then Client shall pay to Everside the sum of the Physician Transition Costs and the cost of the Physician’s severance, such sum not to exceed the lesser of 90 days’ salary of the terminated/terminating Physician or $75,000.

• Opening Net Accumulated Transition Costs (from fiscal 2003/2004) (2.995) Less: Projected available revenues/recoveries/savings in 2004/2005 These are specific revenues/recoveries and unallocated budget savings accumulated during the fiscal year and attributed to accelerated repayment of transition costs.

• Funds required to finance the initial development and construction of the Radio System Infrastructure, including operating costs, Transition Costs and Start-up Costs, to the point at which costs are consolidated and user agencies are paying their respective cost shares.

More Definitions of Transition Costs

Transition Costs means the reasonable costs and expenses incurred by the Backup Servicer in transitioning to Servicer; provided, however, that the Administrative Agent’s consent shall be required if such Transition Costs exceed $50,000.00 in the aggregate.

Transition Costs means all reasonable costs and expenses incurred by the Back-Up Servicer in connection with a transfer of servicing.

Transition Costs means any documented expenses and allocated cost of personnel reasonably incurred by the Backup Servicer in connection with a transfer of servicing from the Servicer to the Backup Servicer as the successor Servicer; provided, that such expenses and allocated costs do not exceed $60,000.

Transition Costs has the meaning set forth in Section 6.3(a).

Transition Costs means all reasonable costs and expenses incurred by the Back-Up Servicer in connection with a transfer of servicing in accordance with the Back-Up Servicing Agreement (including for the avoidance of doubt during the Servicing Centralization Period).

Transition Costs has the meaning specified in the Sale and Servicing Agreement.

Transition Costs means all costs and expenses (up to an aggregate amount of $50,000) incurred by any successor Collateral Manager in connection with the transition of the duties and obligations of the Collateral Manager to such successor Collateral Manager including, for the avoidance of doubt, as described in Section 7.1(b).