Payment of GUC Trust Expenses Sample Clauses

Payment of GUC Trust Expenses. The GUC Trustee may expend the assets of the Claim Reconciliation Reserve (i) to pay expenses incurred by the GUC Trust in reconciling and resolving Class 4 and Class 5 Claims, (ii) to pay reasonable expenses relating to the administration of the GUC Trust (including but not limited to, the costs and expenses of the GUC Trustee and the GUC Trust Beneficiary Committee, the fees of the U.S. Trustee, and the fees, costs and expenses of all professionals retained by the GUC Trust or the GUC Trustee, any taxes imposed on the GUC Trust or fees and expenses in connection with, arising out of or related to the Trust Assets, and (iii) to satisfy other liabilities incurred or assumed by the GUC Trust (or to which the assets are otherwise subject) in accordance with the Plan or this Trust Agreement. Notwithstanding any other provision of this Trust Agreement to the contrary (i) the GUC Trustee shall not be required to take any action or enter into or maintain any claim, demand, action or proceeding relating to the GUC Trust unless it shall have sufficient funds in the Claim Reconciliation Reserve for that purpose and (ii) nothing herein shall permit the GUC Trustee or the GUC Trust to use any of the Claims Reconciliation Reserve in connection with the prosecution of the Original Lender Litigation Claims.
Sample 1
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Related to Payment of GUC Trust Expenses

  • Payment of GST If GST is payable on any supply made by a Party (or any entity through which that Party acts) (Supplier) under or in connection with this Agreement, the recipient will pay to the Supplier an amount equal to the GST payable on the supply.

  • Administrative Expenses Notwithstanding anything to the contrary contained in the Current HPA as amended by this Second Amendment, HFA and Eligible Entity may from time to time submit adjusted budgets to Treasury requesting approval to re-allocate HHF Funds to pay actual program expenses as set forth on a proposed Schedule C. In the event that Treasury shall approve an adjusted budget, in Treasury’s sole discretion, the parties shall enter into an amendment to the HPA to modify Schedules A, B and C as necessary.

  • Payments as Administrative Expenses Payments from the Receiver with respect to this Single Family Shared-Loss Agreement are administrative expenses of the Receiver. To the extent the Receiver needs funds for shared-loss payments respect to this Single Family Shared-Loss Agreement, the Receiver shall request funds under the Master Loan and Security Agreement, as amended (“MLSA”), from FDIC in its corporate capacity. The Receiver will not agree to any amendment of the MLSA that would prevent the Receiver from drawing on the MLSA to fund shared-loss payments.

  • Payment of Debt or Delinquency to the State Pursuant to §§2107.008 and 2252.903, Texas Government Code, Contractor agrees any payments owing to Contractor under this Agreement may be applied directly toward any debt or delinquency Contractor owes the State of Texas or any agency of the State of Texas, regardless of when it arises, until paid in full.

  • Payment of Project Costs The Grantee agrees that it will provide for payment of its full share of Project costs and that all costs connected with the Project will be paid by the Grantee on a timely basis.

  • Compensation for Reimbursable Expenses 11.8.1 Reimbursable Expenses are in addition to compensation for Basic, Supplemental, and Additional Services and include expenses incurred by the Architect and the Architect’s consultants directly related to the Project, as follows:

  • Covered Expenses Supervisors must have received prior authorization from their Appointing Authority before incurring any expenses authorized by this Article.

  • Enforcement Expenses The Maker agrees to pay all costs and expenses of enforcement of this Note, including, without limitation, reasonable attorneys’ fees and expenses.

  • Collection Expenses The Borrower further agrees, subject only to any limitation imposed by applicable law, to pay all expenses, including reasonable attorneys’ fees, incurred by the holder of this Note in endeavoring to collect any amounts payable hereunder which are not paid when due.

  • Administrative Costs Administrative costs will not be included in the budget neutrality agreement, but the state must separately track and report additional administrative costs that are directly attributable to the demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

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