Deferred Expenses Clause Examples
The Deferred Expenses clause defines how certain costs incurred by a party are postponed for recognition or payment until a later date. In practice, this means that expenses such as prepaid insurance, rent, or other advance payments are recorded as assets on the balance sheet and gradually expensed over the period they benefit. This clause ensures that financial statements accurately reflect the timing of expenses, matching costs to the periods in which they are actually incurred, and thereby provides a clearer picture of a company's financial position.
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Deferred Expenses. Deferred expenses comprise incidental costs incurred in relation to the issue of the fixed rate notes, bonds and convertible notes of the Group and are amortised on a straight-line basis over the periods from the date of issue to the date of maturity. In the event that the notes are redeemed prior to the maturity date, the unamortised expenses are charged immediately to the profit and loss account.
Deferred Expenses. The Fund agrees to pay to the Adviser the amount of investment advisory fees that, but for Section 1 hereof, would have been payable by the Fund to the Adviser pursuant to the Investment Advisory Agreement, and reimburse any additional payments remitted by the Adviser (the “Deferred Expenses”), subject to the limitations provided in this Section. Such repayment may be made monthly, but only if the Fund Operating Expenses, without regard to such repayment, are at an annualized rate (as a percentage of the average daily net assets of such Fund) less than the Operating Expense Limit for the applicable period, excluding the period included in the seed capital audit. Furthermore, the amount of Deferred Expenses paid by such Fund in any subsequent month shall be limited so that the sum of (a) the amount of such payment and (b) the other Fund Operating Expenses do not exceed such rate as may be agreed upon from time to time for payments made after the applicable period, excluding the period included in the seed capital audit. Deferred Expenses shall not be payable by such Fund to the extent that the amounts payable by it pursuant to the immediately preceding two sentences during the period ending three years from the date such Fund incurred the Deferred Expenses, and in no event later than three years after the end of the applicable Period, are not sufficient to pay such Deferred Expenses. In no event will a Fund be obligated to pay any fees waived or deferred by the Adviser with respect to any other series of the Trust.
Deferred Expenses. If in any month during which the Advisory Agreement is in effect the estimated annualized Fund Operating Expenses of a Fund for that month are less than the Operating Expense Limit, the Advisor shall be entitled to reimbursement by such Fund of any investment advisory fees waived or reduced, and any additional payments remitted by the Advisor, pursuant to this Agreement (the “Deferred Expenses”) during the previous thirty-six months, to the extent that such Fund’s annualized Fund Operating Expenses plus the amount so reimbursed does not exceed, for such month, the Operating Expense Limit, provided that such amount paid to the Advisor will in no event exceed the total Deferred Expenses and will not include any amounts previously reimbursed to the Advisor.
Deferred Expenses. Costs of obtaining and recording mortgages on the properties are amortized over the term of the related mortgage notes using the straight-line method which approximates the effective interest method.
Deferred Expenses. Relevant site and house rental agreement shall be handled in accordance with the delivery methods in Article 10 of this Annex. The balances of deferred expenses and corresponding deadlines and ownership shall be determined by both parties, and sellers shall provide account entry bases. The handover shall be deemed as completed upon the signing of Delivery Confirmation by both parties.
Deferred Expenses. Deferred expenses, net of accumulated amortization, at December 31, 2014 of $1,501,593, represent financing costs related to obtaining bond financing, as well as sales and promotional costs associated with the development of ▇▇▇▇▇▇ Communities, Inc. Deferred expenses also include various legal and accounting costs associated with the acquisition of Applewood and architectural costs for the potential expansion of the ▇▇▇▇▇▇ Communities, Inc. properties as well as expenses incurred towards the purchase of nursing facility bed licenses. The promotional deferred expenses are being amortized over the estimated lives of the initial residents when the units were placed in service. The deferred financing costs are being amortized over the term of the bond agreements.
Deferred Expenses. Are all payments or charges made and whose application ------------------- is deferred until some previously stated terms are complied with or the application period of the expense has expired. ======================
Deferred Expenses. The relevant premise and real estate lease contracts shall be disposed subject to Article 10 herein. Both the Sellers and the Purchaser shall determine the balance of deferred expense, attributable period and attribution. Both the Sellers and the Purchaser shall sign on the Closing Confirmation, and such signature shall be Completion of Handover.
Deferred Expenses. 2001 2000 ----------- ----------- RMB MILLION RMB MILLION Balance at 1 January 164 51 Additions during the year 55 128 Less: Amortisation for the year (39) (15) ----------- ----------- Balance at 31 December 180 164 =========== =========== 21 AMOUNTS DUE FROM/TO ULTIMATE HOLDING COMPANY AND AMOUNT DUE TO IMMEDIATE HOLDING COMPANY Amounts due from/to ultimate holding company are unsecured, non-interest bearing, repayable on demand and arose in the ordinary course of business (see note 32). At 31 December 2000, amount due to immediate holding company primarily represented the balance of the purchase consideration for acquisition of subsidiaries, which was unsecured, non-interest bearing and was repaid during the year.