Administrative Fees and Expenses. All reasonable costs, charges and expenses incurred by the Plan Administrator or the Trustee in connection with the administration of the Plan or the Trust shall be paid by the Plan Sponsor. If not so paid, such costs, charges and expenses shall be charged to the Trust, if any, established in connection with the Plan. The Trustee shall be specifically authorized to charge its fees and expenses directly to the Trust. If the Trust has insufficient liquid assets to cover the applicable fees, the Trustee shall have the right to liquidate assets held in the Trust to pay any fees or expenses due. Notwithstanding the foregoing, no Compensation other than reimbursement for expenses shall be paid to a Plan Administrator who is an employee of the Plan Sponsor.
Administrative Fees and Expenses. Borrower shall pay to Lender:
Administrative Fees and Expenses. All reasonable costs, charges and expenses incurred by the Trustee and Service Company in connection with the administration of the Fund and all reasonable costs, charges and expenses incurred by the Plan Administrator in connection with the administration of the Plan (including fees for legal services rendered to the Trustee and Service Company or Plan Administrator) may be paid by the Employer, but if not paid by the Employer when due, shall be paid from the Fund. Such reasonable compensation to the Trustee and Service Company as may be agreed upon from time to time between the Employer and the Trustee and Service Company and such reasonable compensation to the Plan Administrator as may be agreed upon from time to time between the Employer and Plan Administrator and the compensation of the Service Company in accordance with its fee schedule as in effect at the applicable time, may be paid by the Employer, but if not paid by the Employer when due shall be paid by the Fund. The Trustee and Service Company shall have the right to liquidate trust assets to cover its fees. Notwithstanding the foregoing, no compensation other than reimbursement for expenses shall be paid to a Plan Administrator who is the Employer or a full-time Employee of the Employer. In the event any part of the Trust becomes subject to tax, all taxes incurred will be paid from the Fund unless the Plan Administrator advises the Trustee not to pay such tax.
Administrative Fees and Expenses. 27 11.4 Division Of Duties And Indemnification . . . . . . . . . . . . . . 27 ARTICLE XII TRUST FUND/CUSTODIAL ACCOUNT 12.1 The Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 12.2 Control Of Plan Assets . . . . . . . . . . . . . . . . . . . . . . 27 12.3
Administrative Fees and Expenses. All reasonable costs, charges and expenses incurred by the Trustee in connection with the administration of the Fund and all reasonable costs, charges and expenses incurred by the Plan Administrator in connection with the administration of the Plan (including fees for legal services rendered to the Trustee or Plan Administrator) may be paid by the Employer, but if not paid by the Employer when due, shall be paid from the Fund. Such reasonable compensation to an institutional Trustee as may be agreed upon from time to time between the Employer and the Trustee and such reasonable compensation to the Plan Administrator as may be agreed upon from time to time between the Employer and Plan Administrator may be paid by the Employer, but if not paid by the Employer when due shall be paid by the Fund. The Trustee shall have the right to liquidate trust assets to cover its fees. Notwithstanding the foregoing, no compensation other than reimbursement for expenses shall be paid to a Trustee or Plan Administrator who is the Employer or a full-time Employee of the Employer. In the event any part of the Trust Account becomes subject to tax, all taxes incurred will be paid from the Fund unless the Plan Administrator advises the Trustee not to pay such tax.
Administrative Fees and Expenses. (a) On or before the Effective Date, the Borrowers shall pay an origination and servicing fee of 3% of the face value of this Note to the Administrative Agent. The Borrowers shall also reimburse or pay the Administrative Agent and the other KBC Parties for any and all expenses incurred or expected to be incurred by such party in relation to the Plan, this Note and the Security Agreement. All fees and expenses, including the origination and servicing fee, referenced in this SECTION 10, to the extent incurred on or prior to the Effective Date or included as estimated future expenses, shall be paid by the Borrowers to the Administrative Agent from the Initial Cash Payment and shall reduce the Initial Cash Payment made to each holder of Class 6 Interests (as defined in the Plan) in proportion to such holder's Pro Rata (as defined in the Plan) share of the Initial Cash Payment.
Administrative Fees and Expenses. Administrative Fees and Expenses will be paid in cash by the Company on the Proposal Implementation Date.
Administrative Fees and Expenses. All fees and expenses incurred by the Plan in connection with the administration of the Plan shall be paid by the Company.
Administrative Fees and Expenses. All reasonable costs, charges and expenses incurred by the Trustee, if applicable in connection with the administration of the fund and/or its investments (including fees for legal services rendered to the Trustee or Administrator), may be paid through either (i) deductions from the trust fund, (ii) Employer contributions to the fund, or (iii) direct payment by the Employer, in each case, as agreed to by the Trustee and the Employer. Notwithstanding the foregoing, no compensation other than reimbursement for expenses shall be paid to an Administrator who is the Employer or an Employee of the Employer. In the event any part of the fund becomes subject to tax, all taxes incurred will be paid from the fund unless the Employer pays such tax when due.
Administrative Fees and Expenses. EFI may not use FLPP Funds to pay for administrative fees and expenses. EFI may use Program Income to pay administrative fees and expenses. EFI may, by separate agreement with a Fiscal Administrator for operation of the FLPP consistent with this Agreement, receive fees for EFI’s role in the FLPP. Any existing agreements between EFI and FFCFC must be updated within 60 days of the Effective Date, and submitted to DEO for review. All administrative fees and expenses paid by EFI must be both reasonable and necessary to the administration of the FLPP. Fees paid to EFI for its role in the FLPP may not exceed .50% (50 basis points) of each loan. Fees will default to .25% (25 basis points) of each loan, and EFI will not be authorized to receive more than .25% (25 basis points) of each loan on day 61, if any Agreement between EFI and the Fiscal Administrator is not subsequently updated.
