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Covered Costs definition

Covered Costs means, with respect to any Trust Mortgage Loan and any related costs and expenses that the Depositor or the UBS Mortgage Loan Seller, as applicable, are otherwise required to pay pursuant to Section 2.03(d) or the UBS/Depositor Mortgage Loan Purchase Agreement, (i) if such Trust Mortgage Loan has an original principal balance equal to or less than $10,000,000, the entire amount of such costs and expenses, but only in the event such costs and expenses exceed a threshold of $10,000, and (ii) if such Trust Mortgage Loan has an original principal balance greater than $10,000,000, the entire amount of such costs and expenses, but only in the event such costs and expenses exceed a threshold of $25,000. In the case of each of clauses (i) and (ii) above in this definition, in the event the subject costs and expenses do not exceed the required threshold stated in the subject clause, the "Covered Costs" shall be $0.
Covered Costs means, with respect to any Trust Mortgage Loan and any related costs and expenses that the Depositor or the UBS Mortgage Loan Seller, as applicable, are otherwise required to pay pursuant to Section 2.03(d), (i) if such Trust Mortgage Loan has an original principal balance equal to or less than $10,000,000, the entire amount of such costs and expenses, but only in the event such costs and expenses exceed a threshold of $10,000 and (ii) if such Trust Mortgage Loan has an original principal balance greater than $10,000,000, the entire amount of such costs and expenses, but only in the event such costs and expenses exceed a threshold of $25,000. In the case of each of clauses (i) and (ii) above in this definition, in the event the subject costs and expenses do not exceed the required threshold stated in the subject clause, the "Covered Costs" shall be $0.
Covered Costs means those costs for which the Commission is responsible under the HRBT PAFA.

Examples of Covered Costs in a sentence

  • Supple- mentary Certifications of Covered Costs shall include a Claim Report and a certification as described in this sec- tion.

  • The covered costs shall be paid to the sponsor designated on the Certification of Covered Costs required by § 950.23, or to the sponsor’s assignee as permitted by § 950.13(h).

  • In such case the Supplement will be updated to disclose the maximum fee payable by Shareholders in respect of the elements of Covered Costs (where disclosure of fee arrangements is required) and reasonable notice will be given to Shareholders prior to implementation of this change of policy.

  • If the total amount of the covered costs due to a sponsor under the Standby Support Contract has not been determined at the time the Cer- tification of Covered Costs has been filed, the sponsor shall file monthly, or on a schedule otherwise determined by the Claims Administrator, Supple- mentary Certifications of Covered Costs updating the amount of the cov- ered costs owed to the sponsor.

  • In addition, other operating and service providers’ fees, costs and expenses incurred in the operation of the Fund, other than those expressly included under Covered Costs as being payable by the Shareholders or the Investment Manager (as applicable) and described above, will be met out of the assets of the Fund.


More Definitions of Covered Costs

Covered Costs means, with respect to any Trust Mortgage Loan and any related costs and expenses that the Depositor (in the case of a Xxxxxx Trust Mortgage Loan) or the related Unaffiliated Mortgage Loan Seller (in the case of a Non-Xxxxxx Trust Mortgage Loan), as applicable, are otherwise required to pay pursuant to Section 2.03(d) or the related Mortgage Loan Purchase Agreement, as applicable, (i) if such Trust Mortgage Loan has an original principal balance equal to or less than $10,000,000, the entire amount of such costs and expenses, but only in the event such costs and expenses exceed a threshold of $10,000, and (ii) if such Trust Mortgage Loan has an original principal balance greater than $10,000,000, the entire amount of such costs and expenses, but only in the event such costs and expenses exceed a threshold of $25,000. In the case of each of clauses (i) and (ii) above in this definition, in the event the subject costs and expenses do not exceed the required threshold stated in the subject clause, the "Covered Costs" shall be $0.
Covered Costs means the tuition, fees and similar payments and the cost of books paid for or incurred by a Participant in taking an Educational Course as more fully described in Plan Section 5.09. Such term shall not include the costs of any supplies purchased by a Participant or the cost of meals, lodging or transportation incurred by a Participant incidental to taking an Educational Course.
Covered Costs means the tuition, fees and similar payments and the cost of books paid for or incurred by a Participant in the Program. Covered Costs shall not include the cost of any tools or supplies purchased by a Participant or the cost of meals, lodging or transportation incurred by Participant incidental to the Program.
Covered Costs means the following costs that were actually incurred as a result of a Covered Event, are established by reasonable contemporaneous or third-party documentation sufficient to establish the Covered Event and the Covered Cost, and for which the Class Member has not already been compensated:
Covered Costs means the recurrent costs of activities within PAs to ensure that natural habitats remain intact and wildlife populations remains at least stable, and to ensure that the purposes of a particular PA category are fulfilled. By way of example, Covered Costs include:
Covered Costs means the costs of completing a degree program as determined by
Covered Costs means Buyer’s costs directly related to the sale of Offtake Products, including labor costs, travel, office rent and other administration fees, charges for delivery orders, customs clearance, port surcharges, drayage, devanning, ordinary container cleaning costs, sampling, analysis, and analysis arbitration.