How is Run Rate Cost Savings defined in a legal contract?
- Run Rate Cost Savings means the year-over-year decrease in expenses resulting from a merger, as determined by a committee. Seen in 1 SEC filing
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
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Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Run Rate Cost Savings means the annualized net cost reduction following a [merge], as determined by a [committee].
Relevant Contract Types
Relevant Circumstances
- When two or more businesses are merging.
- During the reorganization of a business.
- When a joint venture is formed between two entities.
Relevant Sectors
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Run Rate Cost Savings means the annualized net cost reduction following a [merge], as determined by a [committee].
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