Organizational Costs definition

Organizational Costs means the aggregate of (i) expenses and application fees associated with participation in the Company; (ii) allocable salaries and expenses of employees and consultants of the Manager assisting with the organization and formation of the Company and/or the Initial Capitalization; (iii) charges of depositories in connection with the Units; (iv) reasonable attorney, accountant, and consultant fees in connection with the organization and formation of the Company and the preparation of this OFFERING CIRCULAR; and (v) andy General and Administrative Expenses of the Manager during the Application Period.
Organizational Costs means all costs and expenses incurred in connection with the organization of the General Partner, the Partnership, and the admission of Limited Partners to the Partnership (including, without limitation, the preparation of the license, sublicense and administrative services agreements to which the Partnership is a party or by which it is affected), and shall include, without limitation, legal, accounting, filing, capital raising and other organizational expenses.
Organizational Costs means expenses incurred incident to the organization of the Partnership, including, but not limited to, fees and expenses of accountants, legal and tax counsel and other experts; filing costs; and other costs and expenses incurred in the organization of the Partnership.

Examples of Organizational Costs in a sentence

  • Professional Service and Organizational Costs The costs of professional services rendered, and other costs incurred, in relation to the creation, administration and termination of the District, and the undertaking of the projects contained within this Plan, are eligible Project Costs.

  • The Organizational Costs are an estimated total amount of preliminary costs incurred by the City in connection with the establishment of the Increment District.

  • Prior to the issuance of Debt, it is anticipated that a developer may advance funds to the District to pay the Organizational Costs of the District and costs for constructing and installing Public Improvements.

  • The Members agree that the Organizational Costs incurred by each Member on behalf of the Company shall not exceed one-hundred thousand dollars ($100,000), unless expressly authorized by the Board pursuant to Board Approval.

  • Organizational Costs: means the estimated initial cost of acquiring land, engineering services, legal services and administrative services, together with the estimated costs of the District’s organization and initial operations, as set forth in Section VI.H below, which Organizational Costs are eligible for reimbursement out of Debt proceeds.


More Definitions of Organizational Costs

Organizational Costs means those expenses incurred by the Fund or persons acting on the Fund’s behalf (including the Fund’s trustees and promoters) to organize the Fund and offer its shares to the public, including (i) filing fees and expenses, (ii) fees incurred for legal services pertaining to the organization of the Fund, the drafting of an agreement and declaration of trust, bylaws, investment management and forms of sub-advisory agreements, administration, custody and transfer agent agreements, and performing research and consultation services in connection with the initial meetings of trustees,; and (iii) legal and other fees incurred to prepare the Fund’s Registration Statement on Form N-2, including the amendments and exhibits thereto up to the time that the Fund’s Registration Statement is declared effective by the U.S. Securities and Exchange Commission (the “SEC”) and the Fund has filed with the SEC a definitive prospectus.
Organizational Costs means third party costs, fees and expenses relating to the organization and formation of the Company, including, without limitation, legal and accounting fees, costs and expenses. Person – means a corporation, limited liability company, partnership, limited partnership, public or private pension fund, insurance company, foundation, endowment, investment company, trust, estate, governmental entity or other entity or natural person. Preferred Return – means the 3% Preferred Return with respect to the Social Impact Investor or the 6% Preferred Return with respect to the Private Investor. Prime Rate – means a rate per annum equal to the lesser of (a) a varying rate per annum that is equal to the interest rate publicly quoted by XX Xxxxxx Xxxxx Bank, or any successor money center bank, from time to time as its prime commercial or similar reference interest rate, with adjustments in that varying rate to be made on the same date as any change in that rate, and (b) the maximum rate permitted by Law. Private Investor – means a Member that holds any Class A Units, including any fractional Class A Units, or, if said Member has not yet been required to make Capital Contributions, a Member that will acquire Class A Units upon making its initial Capital Contribution. Private Placement Memorandum – means that certain Private Placement Memorandum of CIC Mezzanine Investors, L.L.C. provided by the Company to a Member, as supplemented in writing delivered to each Member prior to the Closing Date.
Organizational Costs shall have the meaning set forth in Section 4.2.
Organizational Costs. Costs, fees and expenses of organizing the Partnership, including, but not limited to, legal and accounting expenses, and filing and qualification fees incurred by the General Partner. Partners: All Partners, both General and Limited.
Organizational Costs means those costs and expenses incurred by the Company in connection with its creation and organization, all as determined in accordance with GAAP.
Organizational Costs shall have the meaning provided by Section 4.2 hereof. “Original Allocation” shall have the meaning provided by Section 5.3E). “Partner Withdrawal Event” shall have the meaning provided by Section 8.2A) hereof.
Organizational Costs shall have the meaning assigned to it in Section 4.6(b). "Person" shall mean an individual corporation, custodian, trustee, executor, administrator, nominee or entity in a representative capacity, partnership, limited partnership, limited liability company, foreign limited liability company, trust, estate. "Sharing Percentage" shall mean the sharing percentage of each Member as it relates to such Member's respective membership interests.