Collateral Manager Expenses definition

Collateral Manager Expenses means, for any Interest Accrual Period, the out-of-pocket expenses incurred by the Collateral Manager in connection with the Facility Documents.
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Collateral Manager Expenses. The meaning specified in the Collateral Management Agreement.
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Collateral Manager Expenses means the out-of-pocket expenses incurred by the Collateral Manager in connection with the Facility
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Examples of Collateral Manager Expenses in a sentence

  • In any case, the Collateral Manager may, at its option, make Collateral Manager Advances from its own funds with respect to the payment of Collateral Manager Expenses, in which event the Collateral Manager shall be reimbursed for such advances on each Payment Date without interest.

  • The Collateral Manager shall have no obligation to advance its own funds for the payment of any Collateral Manager Expenses if the Collateral Manager determines that any such Collateral Manager Advances are or will be, or that any outstanding Collateral Manager Advances are, non-recoverable.

  • Any such termination shall also be without prejudice to any rights of the Collateral Manager relating to the reimbursement of its Collateral Manager Expenses and Collateral Manager Advances through and including the date of such termination.

  • Upon any such termination, any Collateral Manager Expenses and Collateral Manager Advances that remain unpaid or unreimbursed shall be remitted by the Issuer to the Collateral Manager on the next Payment Date after the Issuer’s receipt of an itemized invoice therefor (provided such invoice is received no less than 5 Business Days prior to such Payment Date).

  • Notwithstanding any other provision of this Agreement, all of the payment obligations of the Issuer under this Agreement are limited recourse obligations of the Issuer payable solely as Collateral Manager Advances or Collateral Manager Expenses, as the case may be, pursuant to Sections 10.3(c) and 11.1 of the Indenture.

  • Any such termination shall also be without prejudice to any rights of the Collateral Manager relating to the reimbursement of its Collateral Manager Expenses and Collateral Manager Advances or the payment of its Collateral Manager Fees (together with interest thereon) through and including the date of such termination.

  • Notwithstanding anything contained herein to the contrary, the obligations of the Issuer under this Section 9(a) are limited recourse obligations of the Issuer payable as Collateral Manager Expenses solely to the extent of available funds in accordance with Sections 10.3(c) and 11.1 of the Indenture.

  • Upon any such termination, any Collateral Manager Fees, Collateral Manager Expenses and Collateral Manager Advances that remain unpaid or unreimbursed shall be remitted by the Issuer to Collateral Manager on the next Payment Date after the Issuer’s receipt of an itemized invoice therefor (provided such invoice is received no less than five Business Days prior to such Payment Date).


More Definitions of Collateral Manager Expenses

Collateral Manager Expenses. Any and all (i) customary and reasonable out-of-pocket expenses paid or incurred by the Collateral Manager in connection with, and as permitted by, its collateral management activities and obligations under this Agreement, including (x) the reasonable out-of-pocket expenses and costs of legal advisors, accountants, consultants and other third party professionals retained by the Issuer or by the Collateral Manager on behalf of the Issuer in connection with the services provided by the Collateral Manager pursuant to Section 2 hereof and (y) the reasonable out-of-pocket expenses incurred by the Collateral Manager in connection with the acquisition or disposition, or proposed acquisition or disposition of any Portfolio Asset, or the default or restructuring thereof, including news and quotation subscription expenses, brokerage commissions, research expenses, accountant fees, insurance premiums, rating agency fees, computer software and services costs and travel costs (airfare, meals, lodging and other transportation), provided, that, to the extent such expenses are incurred for the benefit of the Issuer and other entities Affiliated with or advised by the Collateral Manager, the Issuer shall be responsible for only a pro rata portion of such expenses of the Collateral Manager, based on a good faith allocation by the Collateral Manager of such expenses among all such entities and the Issuer; and (ii) indemnities payable to Indemnified Person pursuant to Section 9(a) hereof.
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Collateral Manager Expenses. Any and all customary and reasonable out-of-pocket expenses paid or incurred by the Collateral Manager in connection with, and as permitted by, its collateral management activities and obligations under this Agreement.
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Collateral Manager Expenses. Any and all reasonable out‑of‑pocket costs and expenses paid or incurred by the Collateral Manager in the course of performing its obligations under this Agreement and the other Transaction Documents, including (a) the reasonable out-of-pocket expenses and costs of legal advisors, accountants, rating agencies, consultants, brokers and other professionals retained by the Issuer or by the Collateral Manager on behalf of the Issuer in connection with the services provided by the Collateral Manager pursuant to this Agreement and the other Transaction Documents; (b) fees, expenses, and other costs incurred by the Collateral Manager in connection with the acquisition or disposition, or proposed acquisition or disposition of any Portfolio Asset, or the default or restructuring thereof, including news and quotation subscription expenses, brokerage commissions, research expenses, accounting, programming and data entry services, any review, waiver or amendment with respect to Underlying Instruments, insurance premiums, rating agency fees, computer software and services costs and travel costs (airfare, meals, lodging and other transportation), provided, that, to the extent such expenses are incurred for the benefit of the Issuer and other entities Affiliated with or advised by the Collateral Manager, the Issuer shall be responsible for only a pro rata portion of such expenses of the Collateral Manager, based on a good faith allocation by the Collateral Manager of such expenses among all such entities and the Issuer; (c) amounts payable by the Collateral Manager to the Collateral Administrator under the Collateral Administration Agreement (other than indemnities payable as a result of bad faith, willful misconduct, gross negligence or fraud of the Collateral Manager); (d) expenses incurred for general business operations of the Issuer, including charges or expenses incurred by the Collateral Manager in performing non-advisory services on behalf of the Issuer (in each case, in connection with the transactions contemplated hereby); (e) all taxes, regulatory and governmental charges (in each case, not based on the income of the Collateral Manager), insurance premiums or expenses in each case incurred or paid on behalf of the Issuer or in connection with the performance of its obligations hereunder or under any of the other Transaction Documents.
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Related to Collateral Manager Expenses

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

  • Collateral Manager means such successor Person.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Transfer expenses means all expenses of a transfer that the transfer agreement requires the payee to pay or have deducted from the gross advance amount, including, but not limited to, court filing fees, attorney fees, escrow fees, lien recordation fees, judgment and lien search fees, finders' fees, commissions, and other payments to a broker or other intermediary. Transfer expenses do not include preexisting obligations of the payee that are payable for the payee's account from the proceeds of a transfer.

  • Administration Expenses means the reasonable and necessary expenses incurred by the County with respect to this Fee Agreement, including without limitation reasonable attorney fees; provided, however, that no such expense shall be considered an Administration Expense until the County has furnished to the Company a statement in writing indicating the amount of such expense and the reason it has been or will be incurred.

  • Asset Management Fee shall have the meaning set forth in Section 8.03.