Payment of Expenses and Other Liabilities Sample Clauses

Payment of Expenses and Other Liabilities. The Trustee shall pay from the Trust Estate all expenses, charges, liabilities, and obligations of the Liquidating Trust, including, without limiting the generality of the foregoing, interest, taxes, assessments, and public charges of every kind and nature. The Trustee, in his discretion and judgment, may from time to time make provision by reserve or otherwise out of the Trust Estate or the proceeds thereof in such reasonable amount or amounts as the Trustee in his discretion and judgment may determine to be necessary or advisable to meet unascertained, unliquidated or contingent liabilities of the Liquidating Trust. Notwithstanding anything in this paragraph to the contrary, the Distribution Fund shall be the sole Liquidating Trust asset in which Class B Beneficial Interestholders hold a Beneficial Interest. The Beneficial Interest of any Class B Beneficial Interestholder in the Liquidating Trust is limited to the Allowed amount of such Class B Beneficial Interestholders' Administrative, Priority or Pre-Petition Tax Claim.
Sample 1Sample 2
AutoNDA by SimpleDocs
Payment of Expenses and Other Liabilities. The Trustees shall pay from the Trust Moneys all expenses, charges, liabilities and obligations of the Trust Estate and all liabilities and obligations which the Trustees specifically assumed and agreed to pay pursuant to this Agreement and such transferee liabilities which the Trustees may be obliged to pay as transferees of the Trust Estate, in- cluding, among the foregoing and without limiting the generality of the foregoing, interest, taxes, assess- ments and public charges of every kind and nature and the costs, charges and expenses connected with or growing out of the execution or administration of this trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Trust Estate by the Trustees. The Trustees may, in their discretion, make provision by reserve or otherwise out of the Trust Moneys, for such amount as the Trustees in good faith may determine to be necessary to meet present or future liabilities of the trust, whether fixed or contingent.
Sample 1
Payment of Expenses and Other Liabilities. The Trustees shall pay from the Trust Estate all expenses, charges, liabilities, and obligations of the Trust, including, without limiting the generality of the foregoing, interest, taxes, assessments, and public charges of every kind and nature. The Trustees, in their discretion and judgment, may from time to time make provision by reserve or otherwise out of the Trust Estate or the proceeds thereof in such reasonable amount or amounts as the Trustees in their discretion and judgment may determine to be necessary or advisable to meet unascertained, unliquidated or contingent liabilities of the Trust.
Sample 1
Payment of Expenses and Other Liabilities. The Trustees shall pay from the Trust Moneys all expenses, charges, liabilities and obligations of the Trust Estate and all liabilities and obligations which the Trustees specifically assumed and agreed to pay pursuant to this Agreement and such transferee liabilities which the Trustees may be obliged
Sample 1
Payment of Expenses and Other Liabilities. The Trustee shall pay from Trust Moneys all expenses, charges, liabilities, and obligations of the Trust Estate and all liabilities and the costs, charges, and expenses connected with or growing out of the execution or administration of this Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Trust Estate by the Trustee. The Trustee may, in his discretion, make provision by reserve or otherwise out of the Trust Moneys, for such amount as the Trustee in good faith may determine to be necessary to meet present or future liabilities of the Trust, whether fixed or contingent.
Sample 1

Related to Payment of Expenses and Other Liabilities

  • Tax and Other Liabilities Neither Seller nor any Seller Subsidiary has any liability of any nature, accrued or contingent, including without limitation liabilities for Taxes and liabilities to customers or suppliers, other than the following:

  • TAXES AND OTHER LIABILITIES Pay and discharge when due any and all indebtedness, obligations, assessments and taxes, both real or personal, including without limitation federal and state income taxes and state and local property taxes and assessments, except such (a) as Borrower may in good faith contest or as to which a bona fide dispute may arise, and (b) for which Borrower has made provision, to Bank's satisfaction, for eventual payment thereof in the event Borrower is obligated to make such payment.

  • Expenses and Other Payments (a) Except as otherwise provided in this Section 8.3, each party shall pay its own expenses incident to preparing for, entering into and carrying out this Agreement and the consummation of the Transactions, whether or not the Merger shall be consummated.

  • Expenses and Other Benefits 6.1 The Company shall promptly reimburse to the Executive all reasonable travel and other out of pocket expenses properly incurred by him in the performance of his duties under the Employment. The Executive will submit claims for expenses reimbursement to the Company regularly with appropriate supporting documentation.

  • Notice and Other Indemnification Procedures (a) Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof.

  • Other Liabilities Local Church represents and warrants that is has no loans, leases or other debts secured by the Real Property or Personal Property, except those matters set out Schedule 3.2, and that if any debts exist, secured or unsecured, it shall either satisfy all of its debts, loans, and liabilities, or assign or transfer such obligations to its new operating entity prior to or simultaneous with Closing, and solely bear the cost thereof. Local Church must provide sufficient documentation of the same to Annual Conference.

  • Legal Fees and Other Expenses The Company will pay all reasonable fees and expenses, if any, (including, without limitation, legal fees and expenses) that are incurred by the Executive to enforce this Agreement and that result from a breach of this Agreement by the Company.

  • Reimbursement of Business and Other Expenses (a) The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all such expenses, subject to documentation in accordance with reasonable policies of the Company.

  • Attorney’s Fees and Other Expenses to Enforce Agreement In the event that the Indemnitee is subject to or intervenes in any Proceeding in which the validity or enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce the Indemnitee’s rights under, or to recover damages for breach of, this Agreement, the Indemnitee, if he/she prevails in whole or in part in such action, shall be entitled to recover from the Partnership and shall be indemnified by the Partnership against any actual expenses for attorneys’ fees and disbursements reasonably incurred by the Indemnitee.

Time is Money Join Law Insider Premium to draft better contracts faster.