Administrative Expenses Account definition

Administrative Expenses Account means the account by that name within the Bond Fund established pursuant to Section 5.05.
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Administrative Expenses Account has the meaning given in clause 21(4);
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Administrative Expenses Account means the Administrative Expenses Account of the Series 2010 Bond Fund Account of the Bond Fund.
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Examples of Administrative Expenses Account in a sentence

  • The Issuer hereby directs the Trustee to establish and maintain so long as any of the Bonds are Outstanding a separate account within the Bond Fund to be known as the Administrative Expenses Account.

  • Payment shall be made to the Trustee, solely from the Administrative Expenses Account as provided by Section 5.05, for the Trustee Fee and extraordinary expenses incurred in and about the administration and execution of the trusts hereby created and the performance of its powers and duties hereunder.

  • No amounts deposited with the Trustee by the Borrower in the Administrative Expenses Account for Costs of Issuance shall be deemed to satisfy any portion of the Borrower’s obligation to repay the Loan unless applied thereto or to the redemption of Bonds.

  • The Trustee shall deposit to the Administrative Expenses Account those amounts required by Section 5.02 and Section 6.01.

  • The Trustee shall establish and maintain so long as any of the Bonds are Outstanding a separate fund to be known as the Bond Fund, and separate accounts therein to be known as the Interest Account, the Administrative Expenses Account and the Principal Account.

  • As specified in the MoU (Decision 10/COP.3), the GM has three accounts: the Core Budget Administrative Account (CBAA), a Special Resources for CCD Finance Account (SRCF) and a Voluntary Contributions Administrative Expenses Account (VCAE).

  • Within ten (10) days following the Preliminary Approval Date, Xxxxxx Xxxxxx shall wire transfer the Initial Payment into the Cash Settlement Notice and Administrative Expenses Account.

  • All money from time to time received by the Trustee and held in the funds and accounts created hereby (other than the Rebate Fund and the Administrative Expenses Account), shall be held in trust as security for the benefit of the Owners of the Bonds.

  • The budget estimates for the Global Mechanism, which will be shown in a separate section of the Convention budget, may include administrative and operational expenditures to be financed both from the core budget of the Convention, and, if appropriate, from the Voluntary Contributions Administrative Expenses Account.

  • In addition, the Trustee shall make payments from the Administrative Expenses Account to pay Costs of Issuance upon receipt of a written requisition, in the form attached as Exhibit E.


More Definitions of Administrative Expenses Account

Administrative Expenses Account means such account defined in Section 12.10(a)(ii) of this Memorandums;
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Administrative Expenses Account has the meaning set forth in Section 3.3(c).
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Administrative Expenses Account means such account defined in Section 12.10(a)(ii) of this Memorandums; “Administrative Expenses” shall carry the meaning ascribed to the said term in Section 12.10(b) of this Memorandum; “Alternative Payment Currency” shall carry the meaning ascribed to the said term in Section 12.5(d) of this Memorandum;
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Related to Administrative Expenses Account

  • 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 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 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.

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

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

  • 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.

  • Disbursement Account means an account established and owned by Company and held at the Disbursement Institution against which wire transfers and ACH transfers are settled for payment of Loan Proceeds to Borrowers.

  • 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.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Administrative cost means a fee imposed to cover:

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

  • Funding Account has the meaning assigned to such term in Section 4.01(h).