Expense Fund has the meaning set forth in Section 10.1(e).

Expense Fund means the fund of that name established under Section 7.3(c) hereof.

Expense Fund means the Expense Fund created in Section 4.01 hereof.

Examples of Expense Fund in a sentence

Agent Losses may be recovered by Agent from (i) the funds in the Expense Fund and (ii) any other funds that become payable to the Equityholders under this Agreement at such time as such amounts would otherwise be distributable to the Equityholders; provided, that while the Agent may be paid from the aforementioned sources of funds, this does not relieve the Equityholders from their obligation to promptly pay such Agent Losses as they are suffered or incurred.
As soon as practicable following the completion of Agent’s responsibilities, Agent will deliver any remaining balance of the Expense Fund to the Paying Agent for further distribution to the Equityholders.
For 59 tax purposes, the Expense Fund will be treated as having been received and voluntarily set aside by the Equityholders at the time of Closing.
The Equityholders will not receive any interest or earnings on the Expense Fund and irrevocably transfer and assign to Agent any ownership right that they may otherwise have had in any such interest or earnings.
Subject to the Union meeting the terms of this Article, the University will transfer to the local union $25,000 on March 1st of each of year of this collective agreement for the purpose of managing and administering the Benefits Fund and Professional Expense Fund.

More Definitions of Expense Fund

Expense Fund means the fund of that name established under Section 7.3(c) hereof. “Fiscal Agent” shall mean U.S. Bank National Association, as fiscal agent hereunder, andany successor fiscal agent or co-fiscal agent appointed under this Funding Loan Agreement.

Expense Fund means the Expense Fund created in the Indenture.

Expense Fund means the Expense Fund created pursuant to Section 8.2 of this Indenture.

Expense Fund means the fund established hereunder and further described by Section 21 of this Ordinance.

Expense Fund means the expense fund hereby created to be held and administered by the Finance Authority to pay Expenses.

Expense Fund means, collectively, any Expense Fund for Project Bonds created under a Project Indenture.

Expense Fund means the fund by that name created and established pursuant to Section 4.01(d) of this Indenture.