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

  • 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 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.

  • Money representing the Borrower Contribution held in the Administrative Expenses Account to pay Costs of Issuance sixty (60) days after closing the sale of the Bonds shall be released by Trustee to Borrower.

  • 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.

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

  • On each Bond Payment Date, the Trustee shall pay from the Administrative Expenses Account, to the extent such amounts are then payable (a) to the Trustee, the Trustee Fee, (b) to the Issuer, the Issuer Fee, (c) to the Servicer, the Servicer Fee, (d) to the Rebate Analyst, the Rebate Analyst Fee, and (e) to the Financial Monitor, the Financial Monitor Fee.

  • Money in the Administrative Expenses Account shall be invested in accordance with Section 6.05 with such maturities as shall be necessary to provide cash to make the transfers required hereby.

  • 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.

  • To the extent that any amounts in either the Trade Payables Account or Administrative Expenses Account are insufficient to pay any amounts for which such accounts are earmarked, and to the extent that any amounts in the Cure Cost Account are insufficient to pay any Cure Costs required to be paid pursuant to Section 2.5(d)(i)(A), Sellers shall be solely and exclusively responsible for any such deficits or shortfalls.


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 that are owned by the General Partner directly.

  • Administrative Expense means any of the following:

  • 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.