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 Professional Fees that have been approved by Final Order of the Bankruptcy Court shall be paid from the Administrative Expense Reserve.

  • At any given time, the Cash on hand in the Creditor Trust constituting Other Settlement Trust Funds, excluding Other Settlement Trust Funds on deposit in the Disputed Claims Reserve Account and the Unrestricted Administrative Expense Reserve.

  • The Administrative Expense Reserve shall be dissolved once all required payments have been made.

  • The Unrestricted Trust Funds shall expressly exclude the Lender Collateral, the Lender Collateral Proceeds, and funds on deposit in the Restricted Administrative Expense Reserve.

  • Administrative Claims shall be paid from the Administrative Expense Reserve as allowed by order of the Bankruptcy Court.

  • Allowed Professional Fee Claims incurred through the Effective Date shall be paid by the Plan Administration Agent within ten (10) days following the later of the Effective Date or the date on which they become Allowed Claims (i) first from the balance of any retainers, if any, held by Professionals until fully exhausted and (ii) then 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.

  • The Claims Distribution Reserve shall be held in trust for the benefit of the holders of Disputed Claims and the Administrative Expense Reserve shall be held in trust for the benefit of the holders of estimated Administrative Expenses and Disputed Administrative Expenses, as their respective interests may appear, pending determination of their respective entitlement thereto.

  • The Monitor Administration Expenses shall continue to be secured by the Administrative Expense Reserve, and the Administration Charge shall be and be deemed to be fully and finally satisfied and discharged from and against any and all assets of the Just Energy Entities and the Plan Implementation Fund.

  • He was born in Uppingham, and worked for the Post Office ‘almost from boyhood’, becoming an overseer and serving for some years as Secretary of the Leicester Branch of the Union of Post Office Workers.


More Definitions of Administrative Expense Reserve

Administrative Expense Reserve means a Reserve in the amount of $1,500,000, 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 any of the following:

  • 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 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 otherwise administering or carrying out the terms of the Settlement. Such costs may include, without limitation: escrow agent costs, the costs of publishing the summary notice, the costs of printing and mailing the Notice and Proof of Claim, as directed by the Court, and the costs of allocating and distributing the Net Settlement Fund to the Authorized Claimants. Such costs do not include legal fees.

  • 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 for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • 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 as defined in the Depositary 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.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Administrative Cost Rate As of any date of determination, a rate equal to the sum of the Servicing Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate, the CREFC® Intellectual Property Royalty License Fee Rate and the Trustee/Certificate Administrator Fee Rate.

  • 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 means, for any Person or any Hotel Property at any time, a reserve equal to four percent (4%) of gross revenues from any Hotel Property owned by such Person or from such Hotel Property, as applicable, for the Rolling Period of the Parent most recently ended for which financial statements have been, or are required to be, delivered to the Banks hereunder.

  • Management Expenses means expenses, costs and charges necessarily and reasonably incurred in the management of the Development provided in this Deed which, except for the purpose of Clause 4.3 of Section IV of this Deed, shall include the Manager’s Remuneration;