Action Expenses definition
Examples of Action Expenses in a sentence
Upon the Option Closing, this Agreement shall terminate and cease to have any force and effect, except for the provisions of Section 6.01 relating to any Party Action or any Party Action Expenses, and Articles 8 and 9, which shall survive the Option Closing in accordance with their terms.
For purposes of clarity, “Indemnifiable Losses” pursuant to any FHFA Proceeding shall at all times be limited to FHFA Action Expenses.
Subject to the restrictions of applicable law, the Bank shall only indemnify Indemnitee against FHFA Action Expenses (as defined above) actually and reasonably incurred by him or her in connection with a FHFA Proceeding (as defined in this Section 7), if: (1) he or she acted in a manner he or she reasonably believed to be in the best interests of the Bank, and (2) the payments will not materially adversely affect the safety and soundness of the Bank.
If the Closing occurs in accordance with the terms of this Agreement, as amended, or as the Acquiror may otherwise agree in writing, then in connection with the Closing the Acquiror shall reimburse the Company an amount equal to the Antitrust Action Expenses, up to a maximum of five million dollars ($5,000,000) (the “Reimbursement Amount”).