Payment of Administrative Expenses. The Sponsor will reimburse the County from time to time for its Administrative Expenses promptly upon written request therefor, but in no event later than 60 days after receiving written notice from the County specifying the nature of such expense and requesting the payment of the same.
Payment of Administrative Expenses. The Finance Committee shall establish a procedure to assure that the Trust shall disburse salaries, compensation payments, and expenses, approved in accordance with Section 7.03(e), on a bi-weekly schedule. The Finance Committee may direct the disbursement of such salaries and expenses as have been approved in accordance with Section 7.03(e) without separate order of the District Court. The members of the Finance Committee shall submit monthly statements and requests for reimbursement of expenses and for compensation to the District Court which requests shall include sufficient detail to permit the District Court to determine the reasonableness of the requests. The Special Master shall provide separate statements to the District Court for services performed under the Litigation Facility Agreement and Case Management Order. Compensation for the Special Master’s services under the Litigation Facility Agreement and the Case Management Order shall be allocated to the Litigation Fund; compensation for the Special Master’s services as a member of the Finance Committee shall be allocated to the Settlement Fund. The Trust will distribute payment upon approval of the District Court. Such monthly statements shall be provided to the Debtor’s Representatives and the Claimants’ Advisory Committee. The Finance Committee shall authorize distributions for all other expenses, including Claims Office operating expenses and compensation and expenses for the Claimants’ Advisory Committee subject to the provisions of Sections 4.09(d) and 7.03(e).
Payment of Administrative Expenses. The Company will reimburse, or cause reimbursement to, the County from time to time for reasonable and necessary amounts that are customary and standard, including reasonable attorney’s fees and costs, actually incurred, or that will be actually incurred, by the County with respect to the County’s fulfillment of its obligations under the Fee Agreement and other related documents (“Transaction Documents”) in the implementation of its terms and provisions (“Administrative Expenses”). The Company will make such reimbursement of Administrative Expenses upon written request therefor, but in no event later than sixty (60) days after receiving written notice from the County specifying the nature of such expense and requesting the payment of the same. The County acknowledges that it imposes no charges in the nature of impact fees or recurring fees in connection with the incentives authorized by the Transaction Documents, and, aside from reasonable attorneys’ fees set forth below, or as may be necessitated in the future by request of the Company pertaining to matters outside of the immediate scope of this Agreement, the County anticipates (but cannot guarantee) that no out of pocket expenses in connection with the Transaction Documents and the transactions authorized hereby should arise in the future. The parties understand that counsel to the County may invoice the Company for those expenses related to the review of the Transaction Documents and all resolutions, ordinances and other documentation related thereto in an amount not to exceed $[5,000].
Payment of Administrative Expenses. The actual annual City administrative expenses per the Plan, not to exceed $15,000 per annum, shall be paid first from available Tax Increment Revenues prior to any reimbursement commencing with the first year of capture under the Plan.
Payment of Administrative Expenses x. Xxxxx Fargo shall pay the reasonable Administrative Expenses incurred prior to the creation of the Settlement Fund, and Xxxxx Fargo will be given credit for all such payments which shall be deducted from the Settlement Fund as set forth below. The Settlement Administrator shall provide the Parties with an estimate of the costs of sending notice, establishing the Settlement Website and establishing a toll-free number, as well as any other initial Administrative Expenses. Xxxxx Fargo shall pay the estimated amount to the Settlement Administrator within ten (10) business days after the entry of the Preliminary Approval Order. After that upfront payment of administration costs by Xxxxx Fargo, the Settlement Administrator shall xxxx Xxxxx Fargo monthly for any reasonable additional Administrative Expenses, until such a time as the Settlement Fund is established. Any amounts paid by Xxxxx Fargo for the estimated costs of administration which are not incurred by the Settlement Administrator shall be used for other Administrative Expenses, or shall be deducted from future xxxxxxxx by the Settlement Administrator.
b. The Settlement Administrator shall maintain detailed records of the Administrative Expenses and shall provide those to the Parties monthly. At such time that Xxxxx Fargo funds the Settlement Fund, all amounts previously paid to the Settlement Administrator by Xxxxx Fargo shall be deducted from the total payment which it is required to pay to create the Settlement Fund under Section V. After Xxxxx Fargo has created the Settlement Fund, Xxxxx Fargo shall have no further obligation to pay any amount under this Settlement Agreement, and any additional Administrative Expenses shall be paid out of the Settlement Fund.
Payment of Administrative Expenses. Make all payments of (i) post-petition operating costs and expenses as and when due and (ii) administrative costs and expenses as and when such administrative costs and expenses are due and payable, as approved by the Court.
Payment of Administrative Expenses. 12.1. RCR agrees that a maximum of $25,000 of the Settlement Fund may, if permitted by the Court, be used to cover the cost of notice to the Class Members and related administration, claims processing costs and costs relating to the Escrow Account and Escrow Agent (“Administrative Expenses”). Funds reasonably and actually expended pursuant to this Section 12.1 for notice and claims administration are recoverable by RCR if this Settlement does not become final.
12.2. If Settlement Class Counsel enter into any other settlements on behalf of the Class Members before notice of this Settlement Agreement is given to the Class Members, Settlement Class Counsel shall use their best efforts to provide a single notice to Class Members of all of the settlements. Should Settlement Class Counsel determine a single notice to Class Members is appropriate, should settlement with another party occur, and settlement in the Hobbie matter does not become final, any money from the Settlement Fund used to pay for notice or administration costs shall be returned to RCR.
Payment of Administrative Expenses. Any Administrative Expenses that are required to be paid prior to the Effective Date will be paid for or caused to be paid for directly by ReproSource. The total amount of Administrative Expenses paid prior to the Effective Date shall be treated as if paid from the Settlement Fund and shall reduce the amount that ReproSource will be required to pay or cause to be paid into the Settlement Fund after the Effective Date. (E.g., if ReproSource incurs $150,000 in Administrative Expenses prior to the Effective Date, ReproSource shall only be required to pay $1,100,000 into the Settlement Fund following the Effective Date.) Any Administrative Expenses that are owed after the funding of the Settlement Fund pursuant to Section 3.1 of the Settlement Agreement shall be paid directly from the Settlement Fund.
Payment of Administrative Expenses. In the event that any of the Parties elects to withdraw from this Settlement Agreement in accordance with this Article, then the cost of any Administrative Expenses incurred prior to the date of termination shall be borne by the City.
Payment of Administrative Expenses. The Company will reimburse, or cause reimbursement to, the County from time to time for reasonable and necessary amounts that are customary and standard, including reasonable attorney’s fees and costs, actually incurred, or that will be actually incurred, by the County with respect to the County’s fulfillment of its obligations under this Amended Agreement in the implementation of its terms and provisions (“Administrative Expenses”). The Company will make such reimbursement of Administrative Expenses upon written request therefor, but in no event later than sixty (60) days after receiving written notice from the County specifying the nature of such expense and requesting the payment of the same. The County acknowledges that it imposes no charges in the nature of impact fees or recurring fees in connection with the incentives authorized by this Amended Agreement, and, aside from reasonable attorneys’ fees set forth below, or as may be necessitated in the future by request of the Company pertaining to matters outside of the immediate scope of this Amended Agreement, the County anticipates (but cannot guarantee) that no out of pocket expenses in connection with this Amended Agreement and the transactions authorized hereby should arise in the future. The parties understand that counsel to the County may invoice the Company for those expenses related to the review of this Amended Agreement and all resolutions, ordinances and other documentation related thereto, including but not limited to that certain fee in lieu of tax agreement between the County and Project Desperado dated , 2017, in an amount not to exceed $5,000.
