Professional Expenses means all operating and non-operating Practice Expenses, determined on an accrual basis and without mark-xx, incurred by Administrator and/or Parent or their Affiliates to the extent incurred in connection with the Professional Operations including, without limitation: (i) salaries, benefits and other direct costs of employees of Administrator who perform services solely for the Professional Operations; (ii) direct costs of all employees of Administrator engaged solely to provide services to improve performance of the Professional Operations; (iii) leases for assets utilized solely for the benefit of the Professional Operations; (iv) personal and property taxes assessed against Administrator's assets utilized solely for the benefit of Professional Operations; (v) interest on indebtedness assumed solely by Administrator as a result of the Acquisition, or incurred by Administrator to finance or refinance such indebtedness, and/or in connection with making advances and capital available to the Practice, in each case, for the benefit of the Professional Operations; (vi) any provider tax assessed against the Professional Operations and any sales and use tax related solely to the Professional Operations; (vii) direct expenses of requisite and obligatory professional licensing and insurance costs solely related to the Professional Operations; (viii) any amortization of any intangible asset set forth on Parent's, Administrator's or their applicable Affiliates' financial statements (as applicable) used solely in connection with the Professional Operations; provided, however, no amortization with respect to goodwill of the Acquisition shall be set forth on such financial statements; (ix) any depreciation of assets to the extent used solely in connection with the Professional Operations; and (x) other expenses incurred by Administrator solely in providing services for the direct benefit of the Professional Operations; provided, however, that Administrator Expenses, Excluded Practice Expenses and Technical Expenses shall not be included in Professional Expenses.
Professional Expenses means the fees and expenses of legal counsel, financial advisors and independent accounting firm incurred in connection with or in contemplation of this Agreement and the transactions contemplated herein.
Professional Expenses has the meaning specified in the definition of the term "Agreed Administrative Expense Claim Priorities."
Examples of Professional Expenses in a sentence
As used in this table, (i) Professional Expenses include expenses for legal, audit, tax accounting and printing; and (ii) Independent Director and Officer Expenses include amounts paid to independent directors and for officers’ liability insurance.
Professional Expenses include expenses for legal, audit, tax accounting and printing.
Insurer’s Representative’s ConsentIt is a condition precedent to the liability of the Insurer that their consent to incur Legal Expenses or Professional Expenses must firstly be obtained in writing.
Where the Insurer exercises this discretion the Insurer will cease to be liable for any further Legal Expenses, Professional Expenses or Awards of Compensation.
If based upon such opinion the Insurer’s Representative is satisfied in respect of a) and b) above the Legal Expenses and Professional Expenses incurred in obtaining that opinion will be paid by the Insurer within the Limits of IndemnityIn granting its consent the Insurer undertakes to provide indemnity to the Insured subject to the terms and conditions of the Policy and Schedule but such consent does not imply that all Legal Expenses Professional Expenses or Awards of Compensation will be paid.
More Definitions of Professional Expenses
Professional Expenses means any out-of-pocket fees, costs and expenses incurred in respect of legal, accounting, consulting, investment banking or other bona fide professional or advisory services, including any printing, duplicating, travel and other customary costs and expenses incurred in connection with such services.
Professional Expenses means the fees and reimbursable expenses of a Professional Person.
Professional Expenses means any amount paid, payable or reasonably expected to become payable (whether before or after the Closing) by the Company or any of the Company Subsidiaries (including by HEOP and any of its Affiliates on behalf of the Company or any of the Company Subsidiaries) for services rendered or being rendered to the Company by any attorney, investment banker or other financial advisor, accountant, auditor or other professional services provider in connection with the transactions contemplated hereby.
Professional Expenses means all operating and non-operating expenses incurred in connection with the Professional Operations, including, without limitation: (i) any salaries, benefits, payroll taxes or other distributions made to the Group Physician Stockholders, Physician Employees, Physician Extender Employees and other employees of the Group or other physicians providing professional supervision and interpretation services at the Premises; (ii) any federal, state or local income or other franchise, property or other taxes applicable to the Group; (iii) the costs associated with the preparation of any federal, state or local income or other tax returns (excluding the costs associated with the preparation of payroll tax returns); (iv) all professional related expenses of the Group Physician Stockholders, Physician Employees, Physician Extender Employees and other employees of the Group, including but not limited to, professional meetings, seminars, dues and subscriptions other than such seminars or meetings that Administrator or Parent requires that any the Group Physician Stockholders, Physician Employees, Physician Extender Employees and other employees of the Group attend; (v) all costs and expenses associated with the performance of professional services to or for the benefit of the Group by legal, accounting, investment, financial or other advisors specifically retained by the Group including, without limitation, all such costs and expenses incurred by the Group in connection with the Acquisition; (vi) interest on indebtedness incurred by Administrator in connection with making advances and capital available to the Group; (vii) any provider tax assessed against the Professional Operations and any sales and use tax related solely to the Professional Operations; (viii) direct expenses of requisite and obligatory professional licensing and insurance costs (including, without limitation, professional liability, general liability, workers compensation, property and casualty) solely related to the Professional Operations; (ix) any depreciation of assets to the extent used solely in connection with the Professional Operations; and (x) such other expenses as may be specified in this Agreement. Professional Expenses shall be the sole responsibility of the Group.
Professional Expenses means the allowed fees and expenses of counsel and other professional advisors to the Debtor and the Committee, if one is appointed.
Professional Expenses means expenses that are: (i) incurred during the Subsidy Period; (ii) normally and reasonably associated with the operation of the Practice; (iii) allocable to the Recruited Physician; and (iv) deductible for federal income tax purposes. Professional Expenses include the reasonable salary paid to the Recruited Physician. Specifically excluded from Professional Expenses are contributions to retirement or deferred compensation plans on behalf of the Recruited Physician and payment of federal, state and local income taxes. All items to be included in Professional Expenses are subject to the District's prior written approval.
Professional Expenses means a Claim for the expenses incurred by the Professionals in connection with services rendered in these Bankruptcy Cases from the Petition Date through the Effective Date for which a Professional seeks an award under section 328, 330, 331 and/or 503(b) of the Bankruptcy Code.