Administrative Expense Reserve definition

Administrative Expense Reserve means the Cash reserved for unpaid and accrued Administrative Expense Claims.
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Administrative Expense Reserve has the meaning set forth in Section 4.7(e) herein.
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Administrative Expense Reserve means the amount of $1,900,000.
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Examples of Administrative Expense Reserve in a sentence

  • The National Treasury can therefore, through the agreement with the lenders, announce the splitting of three-legged instruments into bullet bonds.

  • The Liquidator shall not be obligated to pay such costs or expenses from the Administrative Expense Reserve.

  • The Creditor Trust Administrator may, in its discretion, establish and fund the Creditor Trust Administrative Expense Reserve in accordance with the Creditor Trust Agreement for purposes of funding the Creditor Trust Expenses and the Creditor Trust Liabilities.

  • In addition, the Trustee determined, in consultation with SIPC, to release $22 million from the Administrative Expense Reserve commensurate with the ongoing progress of the liquidation.

  • Allowed Professional Fee Claims incurred through the conclusion of the Closing shall be paid on the Effective Date or within ten (10) days following the Allowance Date: (i) first from the balance of any retainers held by Professionals until fully exhausted and (ii) then from the Administrative Expense Reserve.

  • Almost 20 years later, though, the plurality in Casey concluded that Roe and its progeny significantly “undervalued” the States’ interest in “promoting” and “protecting the life of the unborn.” Casey, 505 at 873.

  • On and after the Effective Date, the Post-Effective Date Administrative Expenses, shall be paid out of the Administrative Expense Reserve as they become due in the ordinary course.

  • The Trustee will be required to reserve a sum sufficient, from the assets of the Creditor Trust, to pay any accrued or potential tax liability arising out of the operation of the Creditor Trust, and such reserved sum will constitute part of the Litigation and Administrative Expense Reserve under the Plan.

  • To the extent funds held in the Administrative Expense Reserve Account that relate to claims that (i) have either been disallowed by the Bankruptcy Court or (ii) are no longer claimed as evidenced by a written release of such Claim, then such funds become Available Cash for use pursuant to the Plan.

  • Under the Plan, Allowed Administrative Claims incurred through the Confirmation Date shall be paid by the Estate from the Administrative Expense Reserve within ten (10) days following the Allowance Date.


More Definitions of Administrative Expense Reserve

Administrative Expense Reserve means a Reserve in the amount equal to the lesser of (a) $1,000,000 or (b) the amount of administrative expenses set forth in the Plan have not be paid which shall be in effect at all times except during such periods of time when the Special Reserve is in effect.
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Administrative Expense Reserve means an amount equal to $ allocated by the Liquidator for the payment of Administrative Expenses that are incurred after the Effective Date. Administrator
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Administrative Expense Reserve means an amount of cash reserved for use by Stratosphere and Gaming Corp. to pay certain administrative expenses in connection with the Stratosphere resort complex, which shall be subject to approval by the Bankruptcy Court either as part of the Confirmation Hearing or upon motion by the debtors.
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Administrative Expense Reserve means the reserve created on the Effective Date with sufficient Cash to pay all estimated Administrative Expenses and Disputed Administrative Expenses pending their allowance or disallowance as Allowed Administrative Expenses.
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Related to Administrative Expense Reserve

  • Administrative Expense Cap An amount equal on any Payment Date (when taken together with any Administrative Expenses paid during the period since the preceding Payment Date or in the case of the first Payment Date, the period since the Closing Date), to the sum of (a) 0.025% per annum (prorated for the related Interest Accrual Period on the basis of a 360-day year and the actual number of days elapsed) of the Fee Basis Amount on the related Determination Date and (b) U.S.$250,000 per annum (prorated for the related Interest Accrual Period on the basis of a 360-day year consisting of twelve (12) 30-day months); provided that (1) in respect of any Payment Date after the third Payment Date following the Closing Date, if the aggregate amount of Administrative Expenses paid pursuant to Section 11.1(a)(i)(A), Section 11.1(a)(ii)(A) and Section 11.1(a)(iii)(A) (including any excess applied in accordance with this proviso) on the three immediately preceding Payment Dates and during the related Collection Periods is less than the stated Administrative Expense Cap (without regard to any excess applied in accordance with this proviso) in the aggregate for such three preceding Payment Dates, then the excess may be applied to the Administrative Expense Cap with respect to the then-current Payment Date; and (2) in respect of the third Payment Date following the Closing Date, such excess amount shall be calculated based on the Payment Dates preceding such Payment Date.

  • Administrative Expense means (a) any cost or expense of administration of the Reorganization Cases under section 503(b) of the Bankruptcy Code including, but not limited to (1) any actual and necessary post-petition cost or expense of preserving the Estates or operating the Debtors' assets and businesses, (2) any payment to be made under the Plan to cure a default on an assumed executory contract or unexpired lease, (3) any post-petition cost, indebtedness or contractual obligation duly and validly incurred or assumed by the Debtors in the ordinary course of business, and (4) compensation or reimbursement of expenses of professionals to the extent allowed by the Bankruptcy Court under section 327, 328, 330(a), 331, 503(b) or 1103 of the Bankruptcy Code, including, without limitation, the Futures Representative and its Representatives and (b) any fee or charge assessed against the Estates under 28 U.S.C. ss. 1930.

  • Administrative Expenses means (i) all administrative and operating costs and expenses incurred by the Partnership, (ii) those administrative costs and expenses of the General Partner, including any salaries or other payments to directors, officers or employees of the General Partner, and any accounting and legal expenses of the General Partner, which expenses, the Partners have agreed, are expenses of the Partnership and not the General Partner, and (iii) to the extent not included in clause (ii) above, REIT Expenses; provided, however, that Administrative Expenses shall not include any administrative costs and expenses incurred by the General Partner that are attributable to Properties or partnership interests in a Subsidiary Partnership (other than this Partnership) that are owned by the General Partner directly.

  • Administrative Expense Claim means any right to payment constituting a cost or expense of administration of the Chapter 11 Cases under sections 503(b) and 507(a)(2) of the Bankruptcy Code including, without limitation, (a) any actual and necessary costs and expenses of preserving the Estates, (b) all compensation and reimbursement of expenses to the extent Allowed by the Bankruptcy Court under section 330 or 503 of the Bankruptcy Code, (c) any fees or charges assessed against the Estates under section 1930 of chapter 123 of Title 28 of the United States Code, (d) all Claims arising under section 503(b)(9) of the Bankruptcy Code, and (e) the Prepetition Lenders Adequate Protection Claims.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and administering and carrying out the terms of the Settlement.

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Administrative Fees shall have the meaning assigned to such term in Section 2.06(b).

  • Administrative Fee is defined in Section 4.1(a).

  • Administrative cost means a fee imposed to cover:

  • Cash Reserve means (i) at any time after the occurrence and during the continuation of a Level One Trigger, [*] of the aggregate Investment at such time and (ii) at any other time, an amount equal to 1% of the aggregate Investment at such time.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Debt Service Reserve means the reserve for payment of principal and interest on the Bonds, created and established by Sections 502 and 506 of the General Trust Indenture.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • FF&E Reserve shall have the meaning given such term in Section 5.1.2(a).

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;