Transactional Costs Clause Samples
The Transactional Costs clause defines which party is responsible for paying the expenses incurred during the negotiation, execution, and completion of a transaction. This can include legal fees, filing charges, due diligence costs, and other administrative expenses related to the deal. Typically, the clause will specify whether each party bears its own costs or if certain costs are shared or reimbursed. Its core function is to allocate financial responsibility for these ancillary expenses, thereby preventing disputes and ensuring clarity regarding who pays for what in the transaction process.
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Transactional Costs. All transactional costs or charges imposed or incurred (if any) for Participant Directed Assets shall be charged to the Account of the directing Participant or Beneficiary. Transactional costs and charges shall include, but shall not be limited to, charges for the acquisition or sale or exchange of Participant Directed Assets, brokerage commissions, service charges and professional fees.
Transactional Costs. Except as set forth in Section 5.2, the Purchaser shall be responsible for all of its legal, accounting, advisory and other fees and expenses incurred in connection with this Agreement and the consummation of the transactions contemplated hereby and the Sellers shall be responsible for all legal, accounting (including all costs and fees), advisory and other fees and expenses incurred by the Sellers in connection with this Agreement and the consummation of the transactions contemplated hereby.
Transactional Costs. Seller Parties and Buyer shall be responsible for their respective attorneys’ fees, accountants’ fees, experts’ fees, and other expenses incurred by them in connection with the negotiations and Closing of this transaction; provided however, that in the event litigation is commenced to enforce any rights under this Agreement or to pursue any other remedy available to any party, all legal expense or other direct costs of litigation of the prevailing party shall be paid by the non-prevailing party. Any environmental assessment, title examination, title insurance, or survey desired by Buyer shall be provided at Buyer’s expense.
Transactional Costs. Each party to this Agreement shall be responsible for its own costs for any legal, accounting and other consulting services, if any, attendant to the transactions contemplated by this Agreement.
Transactional Costs. 46.3.1. It is hereby recorded and agreed that:-
46.3.1.1. The negotiations prior to the Concession have required commitment by Transnet of significant financial, legal and other resources in order to effect the realisation of the Concession;
46.3.1.2. As the resources committed are an indispensable part of the success of the Concession the Concessionaire undertakes to, immediately upon conclusion of this Agreement and pursuant to this clause 46.3, make a contribution towards the aforementioned transactional costs in the amount of R1 000 000.00 (one million) to Transnet;
46.3.1.3. The Parties further agree that should they elect to do so, payments of the amount referred to in clause 46.3.1.2 above may be spaced over an agreed period within which payments of the amount may be made either on a monthly or annual basis, provided that this is agreed to in writing in accordance with the provisions of this Agreement.
Transactional Costs. Except as specifically provided in this Section 15.3, each Party shall be responsible for all of its Transactional Costs. The Parties shall promptly pay and discharge such Transactional Costs and each Party shall promptly reimburse any other Party for any amounts which such other Party may have expended on its behalf in the payment of such Transactional Costs.
Transactional Costs. 11 8.2 Successors and Assigns............................................11 8.3 Notices...........................................................11 8.4
Transactional Costs. All parties shall be responsible for their respective attorneys’ fees, accountants’ fees, experts’ fees, and other expenses incurred by them in connection with the negotiations and the Closing of this transaction; provided however, that in the event litigation is commenced to enforce any rights under this Agreement or to pursue any other remedy available to any party, all legal expense or other direct costs of litigation of the prevailing party shall be paid by the non-prevailing party.
Transactional Costs. Transactional Costs shall be assumed at ($ ) per subscribed meter per month in the first year after the Commercial Operation Date and escalated at two and one-half percent (2.5%) annually thereafter.
Transactional Costs. EyeSys shall deliver to Premier at least two business days prior to the Closing a list of the transactional fees claimed by the parties listed on Schedule 5.21 in connection with the Merger. At the Effective Time, Premier shall pay the lesser of: (i) the Transactional Costs of such parties, or (ii) the amount of $100,000, to be applied to the Transactional Costs other than the fees payable to ▇▇▇▇▇. In addition, Premier shall pay a cash payment to ▇▇▇▇▇ of the lesser of (i) $75,000 or (ii) one-fourth of the investment banking fee of ▇▇▇▇▇ (the "▇▇▇▇▇ FEES"), and shall issue the ▇▇▇▇▇ Shares to ▇▇▇▇▇, all of which shall be in payment of one-half of the investment fee due ▇▇▇▇▇. EyeSys shall be responsible for paying the remaining portion of such transactional costs and remaining portion of the ▇▇▇▇▇ Fee, pursuant to Section 5.17 hereof. At the Effective Time, Premier also shall repay on behalf of EyeSys the amount of $72,500 in full satisfaction of the Frontenac Payable.