Expense Administrator definition

Expense Administrator means MSDW Structured Asset Corp. acting pursuant to the Expense Administration Agreement.
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Expense Administrator means LaSalle Bank National Association acting pursuant to the "Expense Administration Agreement".
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Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.05% per annum of the principal amount of the Securities held by the Trust as its fee, payable on the basis of a 360 day year consisting of twelve 30 day months. The Expense Administrator will be entitled to interest on any deferred fee amounts that would have been payable but for deferral of interest on the Securities at the rate of 8.125% per annum and any additional amounts available as interest on deferred interest with respect to the Securities after application of such amounts to the deferred interest payable on the Units. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units and any Swap Termination Payments currently owing. The Expense Administrator will be entitled to its fee in connection with an exercise of the Options or a redemption of the Securities. The Expense Administrator will not be entitled to receive its fee from the proceeds of a termination other than in connection with an exercise of Options or a redemption of Securities. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
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Examples of Expense Administrator in a sentence

  • Amounts in respect of an additional payment obligation of each Swap Counterparty in respect of the Expense Administrator's Fee will be paid to the Expense Administrator.

  • Each Party shall pay each invoice for Shared Expenses promptly upon, and in any event within ten (10) days of, receipt of written notice thereof from the Shared Expense Administrator.

  • Amounts in respect of an additional payment obligation of the Swap Counterparty in respect of the Expense Administrator's Fee will be paid to the Expense Administrator.

  • The Parties shall cause the Shared Expense Administrator, as authorized agent for each Party, to administer the collection and payment of the Shared Expenses, whether invoiced by each expense payee against a particular Project or invoiced as an aggregate expense of all Parties.

  • Amounts in respect of an additional payment obligation of the Swap Counterparty in respect of the Expense Adminstrator's Fee will be paid to the Expense Administrator.

  • If the proceeds of liquidation exceed aggregate Unit Principal Balance of the Class A and B Units and the accrued interest on the Securities, the excess will be paid to the Swap Counterparty as a Swap Termination Payment under the Swap Agreement, other than amounts payable to the Expense Administrator in respect of the Expense Administrator's Fee.

  • The Call Price per Warrant is the sum of (i)(a) $1,000 (corresponding to 40 $25.00 Units) or (b) if such exercise is in connection with a tender offer for Underlying Securities held by the Trust for settlement prior to the First Regular Call Date, $1,060 ($26.50 per Unit), (ii) accrued and unpaid interest on the applicable Units through the related Call Date and (iii) the applicable Expense Administrator Make-Whole Amount.

  • If the proceeds of liquidation exceed the stated principal balance of the Class A and the Class B Present Value of the Class B Units and the accrued interest on the Underlying Securities, the excess will be paid to the Swap Counterparty as a Swap Termination Payment under the Swap Agreement, other than amounts payable to the Expense Administrator in respect of the Expense Administrator's Fee.

  • If the proceeds of liquidation exceed the aggregate Unit Principal Balance and accrued interest on the Securities, the excess will be paid to the Swap Counterparty as a Swap Termination Payment under the Swap Agreement, other than amounts payable to the Expense Administrator in respect of the Expense Administrator's Fees.

  • Pursuant to 5.12(c)(iii), the Expense Administrator must consent to such an exchange.


More Definitions of Expense Administrator

Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to $3,876 payable on each Distribution Date. Amounts in respect of an additional payment obligation of the Swap Counterparty in respect of the Expense Administrator's fee shall also be considered part of the Expense Administrator's fee hereunder and under the Expense Administration Agreement. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Amounts specified in the paragraph are also referred to as the "Expense Administrator's Fee". In addition, the Expense Administrator shall own that portion of the Securities which represent the interest of a fractional Unitholder that would remain after a partial exercise of the Swap Agreement had the Swap Counterparty not been obligated to pay the Fractional Unit Make Whole Amount (pursuant to and as defined in the Swap Agreement and the Expense Administration Agreement). The Expense Administrator shall own that portion of the Securities which represent the interest of a fractional Unitholder that would remain after a partial redemption by the Security Issuer if the Expense Administrator had not actually paid to the Trust the amount specified above. The Expense Administrator shall receive all interest and principal with respect to such portion of the Securities. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
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Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of July 16, 2001 (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.025% per annum of the principal amount of the Securities held by the Trust as its fee, payable on the basis of a 360 day year consisting of twelve 30 day months. Interest will accrue on any deferred Expense Administrator's fee at the rate of 0.025%. The Expense Administrator's fee is payable only from Available Funds after provision is made for the payment owing with respect to the Units. In addition the Expense Administrator shall own that portion of the Securities which represent the interest of a fractional Unitholder that would remain after a partial redemption had the Expense Administrator not been obligated to pay an amount equal to the fractional Unit remaining together with any fraction accrued interest and fractional Additional Distribution. The Expense Administrator shall receive all interest and principal with respect to such portion of the Securities. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
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Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to $5,575 payable on each Distribution Date. Amounts in respect of an additional payment obligation of the Swap Counterparty in respect of the Expense Administrator's fee shall also be considered part of the Expense Administrator's fee hereunder and under the Expense Administration Agreement. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Amounts specified in the paragraph are also referred to as the "Expense Administrator's Fee". The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
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Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.05% per annum of the principal amount of the Securities held by the Trust as its fee, payable on the basis of a 360 day year consisting of twelve 30 day months. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Sample 1
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to $6,048 payable on each Distribution Date (together with any interest as described in the next sentence, the "Expense Administrator's Fee"). The Expense Administrator will be entitled to interest on any deferred fee amounts that would have been payable but for deferral of interest on the Securities at the rate of 7.570% per annum and any additional amounts available as interest on deferred interest with respect to the Securities after application of such amounts to the deferred interest payable on the Units. The Expense Administrator's Fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Sample 1
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal $5,575 payable on each Distribution Date (the "Expense Administrator's Fee"). The Expense Administrator's Fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
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Related to Expense Administrator

  • Corporate Administrator means, with respect to the Issuer, Deutsche International Corporate Services Limited whose registered office is at St. Paul's Gate, New Street, St. Helier, Jersey, JE4 8ZB, Channel Islands and any successor or replacement thereto.

  • Tax Administrator means the individual charged with direct responsibility for administration of an income tax levied by a municipal corporation in accordance with this chapter, and also includes the following:

  • SARON Administrator means the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

  • XXXXX Administrator means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

  • Program Administrator means the person retained by the Wisconsin PACE Commission as provided in subsection (5)(b).

  • SOFR Administrator means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

  • Administrator means the Board or any of its Committees as shall be administering the Plan, in accordance with Section 4 of the Plan.

  • Benchmark Administrator means, initially, the SOFR Administrator, or any successor administrator of the then-current Benchmark or any insolvency or resolution official with authority over such administrator.

  • Settlement Administrator means any Person that the Court approves to perform the tasks necessary to provide notice of the Settlement to the Class and to otherwise administer the Settlement Fund, as described further herein.

  • System Administrator means a person named by the Customer to be the Customer’s point of contact with BT for matters relating to the management of the Service.

  • Fund Administrator means the fund administrator, manager, trustee or similar person with the primary administrative responsibilities for a Fund according to the relevant Fund Documents.

  • Certificate Administrator means the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

  • Assistant Administrator ’ means the Assistant Ad-

  • Contract Administrator means the person authorized to represent the City in respect of the Contract and is identified at the time of award of the Contract;

  • Operating Advisor means the operating advisor appointed as provided in the Lead Securitization Servicing Agreement.

  • CME Term SOFR Administrator means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator).

  • Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion).