Transitional Administrative Services definition
Examples of Transitional Administrative Services in a sentence
GAMCO and TETON have determined that it is necessary and desirable to set forth agreements that will govern certain matters (other than those matters governed by the Transitional Administrative Services and Management Agreement, dated as of the date hereof, between GAMCO and TETON (the "Transition Agreement"), following the transactions described above.
Such internal costs included within Reimbursement Costs shall include (x) any costs that Cox TMI may reasonably incur to retain the services of additional personnel as a result of providing the Transitional Administrative Services and (y) any costs to obtain any incremental hardware or software necessary to provide the Transitional Administrative Services, but shall exclude (z) allocated overhead.
In exchange for the provision of Transitional Administrative Services, Company shall reimburse Cox TMI for any third-party costs and its internal costs therefor (“Reimbursement Costs”).
Accordingly, from and after the Closing Date, none of DEI, Seller or their Affiliates will provide any administrative, support or other services (including, without limitation, payroll, product sourcing, supply chain, distribution, employee benefits, legal, accounting, treasury and tax planning services) to the Company except and only to the extent provided under Section 6.11.3 or under the Transitional Administrative Services Agreement or the Transitional Distribution Services Agreement.