Compartment Expenses definition

Compartment Expenses means all costs, fees, expenses, duties, taxes and other liabilities incurred in connection with the setup and maintenance of the Issuing Compartment and its operation, including the Structuring Fee, any transaction fees and commissions in connection with the issuance and redemption of the Notes and the acquisition, holding and disposal of the Compartment Assets.
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Examples of Compartment Expenses in a sentence

  • The PPLN Term Sheet provides that the holder of a note shall not, while any amount remains outstanding under its note, have any right to claim for payment under the note except to the extent that Rainbow has received funds under the Relevant Rainbow Compartment and has Available Funds to make the payments due under the note, after the payment of Compartment Expenses and any Participating Amount due on or before such date.

  • Rainbow will not be obliged to make any further payment in excess of the net proceeds and accordingly no debt shall be owed by Rainbow in respect of any Shortfall after the application of the proceeds in accordance with the priority of payments prescribed by the PPLN Term Sheet (i.e. first in payment of the Compartment Expenses and then in satisfaction of payments due to holders of profit participating loan notes).

  • Payments only out of Available Funds and Limited Recourse Such payments and repayments as aforesaid are however subject to Rainbow receiving, and restricted to the amount of Available Funds (defined in the PPLN Term Sheet as, of any payment date, the aggregate of all amounts standing to the credit of Rainbow under the Compartment Account less the Compartment Expenses) from payments received under or upon redemption of the Relevant Rainbow Compartment, and always net of Compartment Expenses.

Related to Compartment Expenses

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

  • Current Expenses means operating costs other than personal services and shall not

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Passenger compartment means the space for occupant accommodation, bounded by the roof, floor, side walls, doors, outside glazing and front bulkhead and the plane of the rear compartment bulkhead or the plane of the rear-seat back support.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.