Expense Reimbursement Account definition

Expense Reimbursement Account means the account described as such in the name of the Issuer with the Account Bank into which the Issuer will procure amounts are deposited in accordance with Condition 3(j)(viii) (Expense Reimbursement Account).

Expense Reimbursement Account means the account in the name of the Issuer held with the Account Bank into which an initial deposit of €70,000 shall be made on the Closing Date and into which Interest Proceeds shall be applied on each Payment Date in accordance with Condition 3(c)(i) (Application of Interest Proceeds)and out of which Trustee Fees and Expenses and Administrative Expenses which become payable during any Payment Period shall be paid.

Expense Reimbursement Account means the interest bearing account in the name of the Issuer held with the Account Bank into which an initial deposit of €50,000 shall be made on the Closing Date and into which certain additional amounts of Interest Proceeds shall be deposited on each Payment Date (other than the date on which no Notes will remain Outstanding following such Payment Date) in accordance with paragraph (C) of Condition 3(c)(i) (Priorities of Payment) and subject further to any proviso as set out in Condition 3(c)(i) (Priorities of Payment) in connection with payments to be made to the Expense Reimbursement Account and out of which Trustee Fees and Expenses and Administrative Expenses which become payable during any Payment Period shall be paid.

Examples of Expense Reimbursement Account in a sentence

• Participants who have a deficit balance in their Medical Expense Reimbursement Account on the date of their qualifying event shall not be entitled to elect COBRA coverage.

• Specifically, such individuals will be eligible for COBRA continuation coverage only if they have a positive Medical Expense Reimbursement Account balance on the date of the qualifying event.

• If elected by the Employer in the Adoption Agreement, the Medical Expense Reimbursement Account portion of the Plan is intended to qualify under Code Section 105, and reimbursements paid there under are intended to be eligible for exclusion from a Participant's income under Section 105(b) of the Code.

• Provided, however, that if the Participant elects health continuation coverage under COBRA (pursuant to Section 4980B of the Code) with respect to the Medical Expense Reimbursement Account, expenses incurred after the date of termination of participation which occur no later than the earlier of (i) the end of the Plan Year, or (ii) the cessation of health continuation coverage with respect to the Medical Expense Reimbursement Account will be reimbursable.

• If the Participant terminates participation in the Medical Expense Reimbursement Account, expenses incurred prior to such termination shall be eligible for reimbursement.

More Definitions of Expense Reimbursement Account

Expense Reimbursement Account means the interest bearing account in the name of the Issuer held with the Account Bank so entitled.

Expense Reimbursement Account as defined in the Security Agreement. “Fee Letter” means that certain fee letter to be entered into among the Borrower, the Administrator and the Collateral Agent in respect of the fee arrangement for the Administrator and the Collateral Agent.

Expense Reimbursement Account. As defined in Section 1.1(c).

Expense Reimbursement Account means the segregated account in the name of the Issuer held with the Account Bank so entitled.

Expense Reimbursement Account. The securities account established pursuant to Section 10.3(c).

Expense Reimbursement Account. The trust account established pursuant to Section 10.3(g).

Expense Reimbursement Account means such sub-account of the Collateral Account holding cash and Permitted Investments that may be used at any time and from time to time to pay or record expenses pursuant to Section 5(c).