Administrative Expense. The Xxxx XXX Trust agreement provides that the Trustee will receive reasonable annual compensation for the administra- tion of your Xxxx XXX. The Trustee’s fee schedule is printed on or with the Xxxx XXX 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 Xxxx XXX 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 Xxxx XXX Program as outlined in the Program Literature and the Xxxx XXX 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. 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. 3.2.1. The Association's Administrative Expense.
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. 4 Advance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ALFI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ALFI LP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Administrative Expense. The obligations of the Company under Section 5.07 hereof 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(i) or 4.01(j) 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. Amounts required to be paid by the Company pursuant to Section 1.5 shall constitute allowed superpriority administrative expenses under the Bankruptcy Code (which shall be an administrative expense claim of the kind specified in Sections 503(b) and 507(b) of the Bankruptcy Code).
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.
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. After Closing Sub to retain all existing Administrative personnel of Company and pay all administrative expenses including offering health insurance to personnel under Parent's group health insurance plan by applying the working interest owners monthly well administrative and miscellaneous expenses first to these expenses and then any remaining surplus applied to the Additional Merger Consideration balance.
