Administrative Expense Fund definition
Examples of Administrative Expense Fund in a sentence
Interest earnings and profits resulting from said investment shall be retained in the Administrative Expense Fund to be used for the purposes of such fund.
The expenses of giving notice and any other expenses of Redemption (except accrued interest) shall be an Administrative Expense payable by the Trustee from the Administrative Expense Fund.
In addition, any Administrative Expense Fund Surplus will be available as a return of premium or will be taken into account in establishing individual policy premiums in subse- quent years in accordance with such Refund or Credit Plan.
If, following the annual adjustment described in Sec- tion 6 and following the retirement of any Deficit Amount there exists a Claims Fund Positive Balance or an Administra- tive Expense Fund Surplus, this Claims Fund Positive Balance or Administrative Expense Fund Surplus, as the case may be, shall be dealt with in accordance with the provisions of Sec- tion 12 and Schedule.
On the Closing Date, the Paying Agent will disburse from the Administrative Expense Fund the amounts to the payees as set forth in Schedule 1 to the Participant’s Closing Certificate delivered on the Closing Date.