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:
(1) by the date specified in the applicable invoice, the Repairs Escrow Account Administrative Fee and the Replacement Reserve Account Administration Fee for Lender’s services in administering the Repairs Escrow Account and Replacement Reserve Account and investing the funds on deposit in the Repairs Escrow Account and the Replacement Reserve Account, respectively;
(2) upon demand, a reasonable inspection fee, not exceeding the Maximum Inspection Fee, for each inspection of the Mortgaged Property by Lender in connection with a Repair or Replacement, plus all other reasonable costs and out-of-pocket expenses relating to such inspections; and
(3) upon demand, all reasonable fees charged by any engineer, architect, inspector or other person inspecting the Mortgaged Property on behalf of Lender for each inspection of the Mortgaged Property in connection with a Repair or Replacement, plus all other reasonable costs and out-of-pocket expenses relating to such inspections.
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. 21 11.4 Division Of Duties And Indemnification . . . . . . . . . . . . . . . . 21 ARTICLE XII TRUST FUND/CUSTODIAL ACCOUNT 12.1 The Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 12.2 Control Of Plan Assets . . . . . . . . . . . . . . . . . . . . . . . . 21 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. 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. Borrower shall pay to Lender:
(1) by the date specified in the applicable invoice, the Repairs Escrow Account Administrative Fee and the Replacement Reserve Account Administration Fee for Lender’s services in administering the Repairs Escrow Account and Replacement Reserve Account and investing the funds on deposit in the Repairs Escrow Account and the Replacement Reserve Account, respectively;
(2) within ten (10) Business Days of demand, a reasonable inspection fee, not exceeding the Maximum Inspection Fee, for each inspection of a Mortgaged Property by Lender in connection with a Repair or Replacement, plus all other reasonable costs and out-of-pocket expenses relating to such inspections; and
(3) within ten (10) Business Days of demand, all reasonable fees charged by any engineer, architect, inspector or other person inspecting a Mortgaged Property on behalf of Lender for each inspection of such Mortgaged Property in connection with a Repair or Replacement, plus all other reasonable costs and out-of-pocket expenses relating to such inspections.
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.
(b) The Borrower 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 (to the extent not previously paid or reimbursed) in relation to the Plan, this Note and the Security Agreement after the Effective Date and such amounts shall be paid by the Borrowers to the Administrative Agent from the Second Cash Payment and shall reduce the Second 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 Second Cash Payment.
(c) In the event that, after payment in full in cash to the Lenders of all amounts due under this Note, payments of fees and expenses made hereunder exceed the actual fees and expenses incurred by the Administrative Agent, the Administrative Agent shall refund any excess payments to the holder of Class 6 Interests (as defined in the Plan) in proportion to their Pro Rata share of the Cash Payments.
(d) Notwithstanding anything to the contrary herein, any and all fees, costs and expenses of whatever kind or nature, including attorneys' fees and expenses, incurred by the Administrative Agent in connection with the enforcement of the Administrative Agent's or any Lender's rights under this Note, the Security Agreement or any other Loan Document (including the Administrative Agent's rights under SECTION 7 of the Security Agreement as well as the costs of any action taken by Administrative Agent upon the occurrence and during the continuance of any Event of Default). Such fees and expen...
Administrative Fees and Expenses. Borrower shall pay to Lender:
Administrative Fees and Expenses. EFI may not use FLVCP Funds to pay for administrative fees and expenses. EFI may use, and may permit FOF to use, Program Income to pay administrative fees and expenses. All administrative fees and expenses paid by EFI must be both reasonable and necessary to the administration of the FLVCP.
