Administrative Expense Sample Clauses
An Administrative Expense clause defines costs incurred in the management and operation of a business or estate, typically during bankruptcy or insolvency proceedings. These expenses may include fees for legal counsel, accountants, or other professionals, as well as costs necessary to preserve assets or continue business operations. The core function of this clause is to ensure that such essential expenses are clearly identified and prioritized for payment, often ahead of other claims, thereby facilitating the orderly administration of the entity's affairs.
Administrative Expense. The ▇▇▇▇ ▇▇▇ Trust agreement provides that the Trustee will receive reasonable annual compensation for the administra- tion of your ▇▇▇▇ ▇▇▇. The Trustee’s fee schedule is printed on or with the ▇▇▇▇ ▇▇▇ Enrollment Form and is available upon request. The Trustee may change its fee schedule upon 30 days’ written notice to you or, after your death, your Beneficiaries. The Trustee may sell as many shares of the Company’s com- mon stock held in your ▇▇▇▇ ▇▇▇ as is necessary to permit the Trustee to pay such fees as well as all other reasonable costs, charges, taxes, and expenses incurred by the Trustee. You will be required to pay certain fees in connection with the purchase and sale of shares of Common Stock under the ▇▇▇▇ ▇▇▇ Program as outlined in the Program Literature and the ▇▇▇▇ ▇▇▇ Enrollment Form. These fees apply to all purchases and sales whether directed by you or your Beneficiary or by the Trustee as indicated above.
Administrative Expense. All expenses of administering this Plan shall be paid by the Corporation and no part of the expenses or taxes on the Corporation shall be charged against any Member’s Accounts or any benefits distributed under the Plan.
Administrative Expense. Seller agrees that in the event Seller avoids a prepetition payment to one or more holders of the Assumed Liabilities or any non-debtor party to the Assigned Contracts, Purchaser shall have an allowed administrative expense claim to the extent Purchaser elects to reimburse said person(s) in whole or in part for said avoided prepetition payment(s).
Administrative Expense. Customer will pay the charges specified at the following URL: ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇/service_guide/reg/m_administrative_expense_fee.htm
Administrative Expense. The Association's Administrative Expense.
Administrative Expense. 4 ALFI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ALFI LP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Administrative Expense. The obligations of the Company under this Section 5.08 to compensate and indemnify the Trustee and each predecessor Trustee and to pay or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture or the rejection or termination of this Indenture under bankruptcy law. Such additional indebtedness shall be a senior claim to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities or coupons, and the Securities are hereby subordinated to such senior claim. If the Trustee renders services and incurs expenses following an Event of Default under Section 4.01(7) or Section 4.01(8) hereof, the parties hereto and the Holders by their acceptance of the Securities hereby agree that such expenses are intended to constitute expenses of administration under any bankruptcy law.
Administrative Expense. All amounts owed to RAM or its assignees by the Company under this Agreement and approved by order of the Bankruptcy Court in respect thereof shall be treated as an allowed administrative expense priority claim under Section 507(a)(1) of the Bankruptcy Code.
Administrative Expense. Claims Each holder of an allowed Administrative Expense Claim shall, in full and final satisfaction of such allowed Administrative Expense Claim, be paid either (i) in cash, in full on the later of (x) the Effective Date and (y) the date such claim becomes due and payable in the ordinary course of business or (ii) on such other terms and conditions as may be agreed between the holder of such claim, on the one hand, and CHC and the Noteholders, on the other hand.
Administrative Expense. 9.2.1 All Obligations of Borrower under this Agreement and the other Loan Documents shall constitute administrative expenses of Borrower in the Bankruptcy Case, with administrative priority and senior-secured status under Section 364(c) of the Bankruptcy Code. Subject only to the Carve-Out Amount, such administrative claim shall have priority over all other costs and expenses of the kinds specified in, or ordered pursuant to, Sections 105, 326, 330, 331, 503(b), 506(c), 507(a), 507(b), 726 or any other provision of the Bankruptcy Code and shall at all times be senior to the rights of Borrower, Borrower's estate, and any successor trustee or estate representative in the Bankruptcy Case or any subsequent proceeding or case under the Bankruptcy Code. The Liens granted to Lender in and against the Collateral, and the priorities accorded to the Obligations, shall have the priority and senior-secured status afforded by Sections 364(c) of the Bankruptcy Code (all as more fully set forth in Final Order) senior to all claims and interests, other than the Carve-Out Expenses up to the Carve-Out Amount and the Carve-Out Account.
9.2.2 Lender's Liens and its administrative claim under Section 364(c) (1) of the Bankruptcy Code afforded the Obligations shall also have priority over any claims arising under Section 506(c) of the Bankruptcy Code, subject and subordinate only to (a) the Carve-Out Expenses up to the Carve-Out Amount, and (b) the right of Lender and any other party-in-interest to object to the award of such fees and expenses in accordance with any applicable local or federal bankruptcy rule or, if applicable, order of the Bankruptcy Court relating to the approval of fees and expenses and objections thereto; provided, however, that Carve-Out Expenses shall not include, and the Carve-Out Amount shall not be available to pay, any fees or disbursements related to the commencement or prosecution of any claims or proceedings against Lender or its claims or security interests in, or Liens upon, the Collateral whether under this Agreement or any other Loan Document. In the event of any inconsistency in the definition of "Carve-Out Amount" between the provisions of this Agreement and the Final Order, the provisions of the Final Order shall govern.