EXPENSE ACCOUNTS definition
EXPENSE ACCOUNTS. The expense accounts established and maintained by the Trustee in accordance with Section 6.03 hereof.
EXPENSE ACCOUNTS. A Certified Staff who claims reimbursement for expenses incurred in travel must file with the expense account properly executed receipts of transportation, accommodations, and other items of expense, including meals and taxi fare. All receipts must be issued on a regular receipt form or upon the letterhead of the person or firm furnishing the services.
EXPENSE ACCOUNTS. A teacher who claims reimbursement for expenses incurred in travel must file with the expense account properly executed receipts of transportation, accommodations, and other items of expense, including meals and taxi fare. All receipts must be issued on a regular receipt form or upon the letterhead of the person or firm furnishing the services.
Examples of EXPENSE ACCOUNTS in a sentence
DEPOSITS IN EXPENSE ACCOUNTS; PERMITTED WITHDRAWALS FROM EXPENSE ACCOUNTS.
More Definitions of EXPENSE ACCOUNTS
EXPENSE ACCOUNTS means the accounts established under Section 20.1.
EXPENSE ACCOUNTS. The expense accounts established and maintained by the Co-Trustees in accordance with Section 6.03 hereof.
EXPENSE ACCOUNTS shall be two separate bank accounts established in the name of the Borrower and maintained by the Borrower at the Local Bank. One Expense Account shall be in US Dollars, into which US Dollar-denominated deposits shall be made and from which US Dollar-denominated withdrawals shall be made. A second Expense Account shall be in Bolivianos into which Boliviano-deposits shall be made and from which Boliviano-denominated withdrawals shall be made (and references herein to the “Expense Accounts” shall be deemed to include a reference to the accounts maintained therein). The Borrower may make transfers into the Expense Accounts in accordance with Section 4.04(a) for the payment of Operating Costs in Bolivia, provided that, (1) no such transfer may be made if, after giving effect thereto, the balance in the Expense Accounts would exceed the Maximum Expense Account Balance and (2) each such transfer shall be in a minimum amount of $500,000. In the event that the balance of funds in the Expense Accounts exceeds the Maximum Expense Account Balance, the Borrower shall, to the extent permitted by applicable law, promptly direct the Local Bank to transfer funds (converting amounts in Bolivianos to Dollars) from the Expense Accounts to the applicable New York Account to cure such excess; and if required for purpose of effecting such transfer, the Borrower shall cooperate with the Collateral Agent in constituting and issuing such accounts, authorizations and powers as may be advisable or requested by the Collateral Agent to comply with any formal requirements incident to such transfer. If any Boliviano amount otherwise required to be deposited in the Expense Accounts cannot be deposited therein without the balance in the Expense Account exceeding the Maximum Expense Account Balance, such Boliviano amount shall (to the extent permitted by applicable law) promptly be deposited in the applicable New York Account (converting amounts in Bolivianos to Dollars at the rate established by the Bolivian Central Bank).