Common use of Payment of Administrative Expenses Clause in Contracts

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 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 monthly 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 MDL 926 Court which requests shall include sufficient detail to permit the District MDL 926 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 MDL 926 Court or the District CourtCourt as appropriate. 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) 4.08 and 7.03(e7.03(f).