Limitation on Payment of Fiduciary and Administrative Expenses Sample Clauses

Limitation on Payment of Fiduciary and Administrative Expenses. (a) Fiduciary Expenses which may be paid from the 2020 Series E subaccount of the Revenue Fund pursuant to Section 4.6(c)(i)(M) of the Master Indenture may not exceed the amount permitted by the then-current Cash Flow Statement. (b) Administrative Expenses and Fiduciary Expenses which may be paid from the 2020 Series E subaccount of the Revenue Fund pursuant to Section 4.6(c)(i)(Q) of the Master Indenture may not exceed the amounts permitted by the then-current Cash Flow Statement.
Sample 1See All (15)
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Limitation on Payment of Fiduciary and Administrative Expenses. (a) Fiduciary Expenses which may be paid from the 2021 Series C subaccount of the Revenue Fund and/or the 2021 Series D subaccount of the Revenue Fund pursuant to Section 4.6(c)(i)(M) of the Master Indenture may not exceed the amount permitted by the then-current Cash Flow Statement. (b) Administrative Expenses and Fiduciary Expenses which may be paid from the 2021 Series C subaccount of the Revenue Fund and/or the 2021 Series D subaccount of the Revenue Fund pursuant to Section 4.6(c)(i)(Q) of the Master Indenture may not exceed the amounts permitted by the then-current Cash Flow Statement.
Sample 1See All (5)
Limitation on Payment of Fiduciary and Administrative Expenses. (a) Fiduciary Expenses which may be paid from the Series 2017-III subaccount of the Revenue Fund pursuant to Section 4.5(c)(i)(H) of the Master Indenture may not exceed the maximum amount consistent with the most recent Cash Flow Statement. (b) Administrative Expenses and Fiduciary Expenses which may be paid from the Series 2017-III subaccount of the Revenue Fund pursuant to Section 4.5(c)(i)(J) of the Master Indenture may not exceed the maximum amount consistent with the most recent Cash Flow Statement.
Sample 1

Related to Limitation on Payment of Fiduciary and Administrative Expenses

  • General and Administrative Costs The Borrower shall ensure that the payment of all the general and administrative costs of the Borrower and the Owners in connection with the ownership and operation of the Ships (including, without limitation, the payment of the management fees pursuant to the Management Agreements) shall be fully subordinated to the payment obligations of the Borrower and the Owners under this Agreement and the other Finance Documents throughout the Security Period.

  • Limitation on Payment of Expenses The Company shall pay or reimburse reasonable legal expenses and other costs incurred by the Advisor or its Affiliates in advance of the final disposition of a proceeding only if (in addition to the procedures required by the Maryland General Corporation Law, as amended from time to time) all of the following are satisfied: (a) the proceeding relates to acts or omissions with respect to the performance of duties or services on behalf of the Company, (b) the legal proceeding was initiated by a third party who is not a stockholder or, if by a stockholder acting in his or her capacity as such, a court of competent jurisdiction approves such advancement and (c) the Advisor or its Affiliates undertake to repay the amount paid or reimbursed by the Company, together with the applicable legal rate of interest thereon, if it is ultimately determined that the particular indemnitee is not entitled to indemnification.

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