Organizational Costs definition
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 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 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.
Examples of Organizational Costs in a sentence
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.
Such reimbursements for the Organizational Costs shall be made from the Company’s available operating cash or from Capital Contributions.
All Organizational Costs and Expenses paid prior to the date hereof by any Partner shall be reimbursed to such Partner by the Partnership.
All Organizational Costs and Expenses not paid prior to the date hereof shall be paid by the Partnership.
All Organizational Costs and Expenses incurred by TRT or DDR shall be reimbursed by the Joint Venture upon the Closing as provided in the Partnership Agreement.
More Definitions of Organizational Costs
Organizational Costs shall have the meaning set forth in Section 4.2.
Organizational Costs include (but are not limited to): • Costs of goods and services and all related shipping and transportation costs; • Costs of staff time and expenses (e.g. salaries and benefits), excluding severances; • Proportionate overhead costs of the Recipient (based on incremental staff time directly related to the program); • Cost of audits and evaluations of the program; • Legal costs to administer the program, provided that those legal costs do not arise due to the Recipient’s own negligence and willful misconduct; • Incremental insurance costs; • Costs of telecommunications, postage, or other similar costs; • Payment processing costs; • Costs related to performance monitoring of activities; • Cost of information management and information technology (IM/IT) systems, excluding any capital assets. Where such assets must be purchased, they must be pre-approved by the Ministry; • Incremental costs for rental, lease of facilities, equipment, or machinery directly related to the program; • Costs of developing public communications, advertisements and notices; • Harmonized sales tax for which the Recipient is not eligible for a rebate, credit, or refund; and • Costs for travel, meal, and catering, provided those costs were included in the project budget provided to the Province and were incurred in accordance with Schedule ‘D’ of this agreement;
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 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 ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ 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
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.
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 ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ 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 means those costs and expenses incurred by the Company in connection with its creation and organization, all as determined in accordance with GAAP.