Administrative Expense Account definition

Administrative Expense Account means the account maintained by the Stockholders’ Representative into which the payment required by the Equity Holders in accordance with Section 2.3(d) shall be made and any successor account in which the Administrative Expense Amount shall be held by the Stockholders’ Representative.

Administrative Expense Account means the Administrative Expense Account established pursuant to the Final Order (I) Authorizing Use of the Debtors’ Existing Cash Management System; (II) Authorizing and Directing Banks and Financial Institutions to Honor and Process Checks and Transfers; (III) Authorizing Continued Use and Satisfaction of Intercompany Transactions; (IV) Authorizing the Debtors’ Use of Existing Bank Accounts and Existing Business Forms; (V) Granting Adequate Protection; and (VI) Granting Related Relief [Docket No. 465].

Administrative Expense Account means the account by that name created and established in the Special Tax Fund pursuant to Section 3.1 hereof.

Examples of Administrative Expense Account in a sentence

• Such Operating Budget shall set forth in reasonable detail the estimated Project Revenues, Operating Expenses, and Capital Expenditures from the Replacement Reserve Fund for the Project for such Fiscal Year and the estimated investment income and estimated amounts to be deposited in and withdrawn from (and the purposes for such withdrawals) the Escrow Fund, Replacement Reserve Fund and Administrative Expense Account under the Indenture.

• All such fees and reimbursements shall be paid solely from amounts held in the Administrative Expense Account, pursuant to a Certificate of an Authorized Representative.

• The Trustee, in accordance with the Bond Indenture (Section 3.3), shall not less than annually, transfer payment of funds to the Administrative Expense Account.

• However, only the Environmental Custodial Trust Trustee shall have a first-priority lien and security interest in the Custodial Trust Administrative Expense Account and only the United States and the respective States shall have a first-priority lien on and security interest in the Custodial Trust Environmental Cost Accounts.

• On the Effective Date, the Debtors shall establish the Professional Fee Escrow and transfer an amount equal to the Professional Fee Escrow Amount, which funds shall come first from the Administrative Expense Account and then, solely to the extent the Administrative Expense Account does not otherwise contain sufficient funds, from the Debtors’ general funds available as of the Effective Date.

More Definitions of Administrative Expense Account

Administrative Expense Account means the account by that name established in

Administrative Expense Account means the account of that name established within the Program Fund pursuant to Section 3.04 hereof.

Administrative Expense Account means an amount up of up to $100,000, to be funded after Closing by Parent or the Surviving NewCo to the Shareholder Representative, upon request therefore by the Shareholder Representative, to pay any Administrative Costs incurred or to be incurred by the Shareholder Representative in its role as Shareholder Representative pursuant to Section 8.16.

Administrative Expense Account means the account of that name created in the Bond Fund in Section 17.

Administrative Expense Account means the account by that name established in the Debt Service Fund in accordance with Section 4.02(d) hereof.

Administrative Expense Account means the account of that name established within the Lease Obligation Payment Fund pursuant to Section 4.05 hereof.

Administrative Expense Account means the Account so designated and established by Article V hereof.[00032723-]