Additional Trust Expenses. As to any Trust, the fees and expenses allocable to that Trust (including indemnification under Subsection 10.2(2) and legal expense reimbursements under Subsection 10.2(3), but excluding any fees and expenses paid out of the Spread) that are incurred by the Trustee pursuant to the Trust Documents.
Additional Trust Expenses has the meaning set forth in Section 6.8(b).
Additional Trust Expenses shall not include allocable overhead of a Master Servicer, a Special Servicer, the 2007-HQ11 Master Servicer, the 2007-HQ11 Special Servicer, the 2007-HQ11 Trustee, the 2007-HQ11 Paying Agent, the Trustee, the Paying Agent or the Certificate Registrar such as costs for office space, office equipment, supplies and related expenses, employee salaries and related expenses, and similar internal costs and expenses, except to the extent specifically allowed in this Agreement.
Examples of Additional Trust Expenses in a sentence
The legal expenses and costs of any such actions shall be deemed Additional Trust Expenses for which the Sponsor shall be entitled to be reimbursed by the Trust.
The Sponsor may, in its sole discretion and without obligation, pay certain Additional Trust Expenses on behalf of the Trust.
If the Trust pays the Additional Trust Expenses in Incidental Rights and/or IR Virtual Currency, in whole or in part, the amount of Bitcoin that would otherwise have been used to satisfy such payment shall be correspondingly reduced.
If the Trust sells Bitcoins, Incidental Rights and/or IR Virtual Currency in order to pay Additional Trust Expenses, then any cash remaining from these sales after the payment of any Additional Trust Expenses shall promptly be distributed to the Shareholders.
If Additional Trust Expenses are incurred, the Trust will be required to pay these Additional Trust Expenses by selling or delivering Bitcoins, Incidental Rights and/or IR Virtual Currency.
More Definitions of Additional Trust Expenses
Additional Trust Expenses has the meaning set forth in Section 6.7(b).
Additional Trust Expenses shall not include expenses incurred in connection with Section 6.12, which are payable in accordance with the last paragraph thereof.
Additional Trust Expenses shall not include allocable overhead of the Master Servicer, the Special Servicer, any Other Master Servicer, any Other Special Servicer, the Trustee, the Paying Agent, the Certificate Registrar or the Fiscal Agent such as costs for office space, office equipment, supplies and related expenses, employee salaries and related expenses, and similar internal costs and expenses, except to the extent specifically allowed in this Agreement. No Additional Trust Expense consisting of any REMIC specific taxes payable in respect of the Mortgage Loans or out of pocket expenses incurred by the Trust that are allocable to the Mortgage Loans and that result from the inclusion of the Mortgage Loans in a REMIC shall be allocated to the President Plaza B Note.
Additional Trust Expenses shall not include allocable overhead of a Master Servicer, a Special Servicer, the Trustee, the Paying Agent, the Certificate Registrar or the Fiscal Agent, such as costs for office space, office equipment, supplies and related expenses, employee salaries and related expenses, and similar internal costs and expenses, except to the extent specifically allowed in this Agreement.
Additional Trust Expenses. The fees and expenses allocable to the Trust (including indemnification under Subsection 7.03(b) and legal expense reimbursements under Subsection 7.03(c)) that are incurred by the Trustee pursuant to this Trust Agreement. Amendment: A document that amends or supplements this Trust Agreement.
Additional Trust Expenses shall not include allocable overhead of a Master Servicer, a Special Servicer, the 2006-PWR14 Master Servicer, the 2006-PWR14 Special Servicer, the 2006-PWR14 Trustee, the 2006-PWR14 Paying Agent, the Trustee, the Paying Agent or the Certificate Registrar such as costs for office space, office equipment, supplies and related expenses, employee salaries and related expenses, and similar internal costs and expenses, except to the extent specifically allowed in this Agreement. No Additional Trust Expense consisting of any REMIC specific taxes payable in respect of the Mortgage Loans or out of pocket expenses incurred by the Trust that are allocable to the Mortgage Loans and that result from the inclusion of the Mortgage Loans in a REMIC shall be allocated to the Serviced Companion Loans.
Additional Trust Expenses shall not include allocable overhead of a Master Servicer, a Special Servicer, any Other Master Servicer, any Other Special Servicer, any Other Trustee, an Other Paying Agent, the Trustee, the Paying Agent or the Certificate Registrar such as costs for office space, office equipment, supplies and related expenses, employee salaries and related expenses, and similar internal costs and expenses, except to the extent specifically allowed in this Agreement. No Additional Trust Expense consisting of any REMIC specific taxes payable in respect of the Mortgage Loans or out of pocket expenses incurred by the Trust that are allocable to the Mortgage Loans and that result from the inclusion of the Mortgage Loans in a REMIC shall be allocated to the Serviced Companion Loans.