Expense Reserve definition

Expense Reserve has the meaning specified in Section 12.5.

Expense Reserve means a reserve to be established by the Debtor on the Effective Date to be utilized by the Plan Administrator in accordance with the Wind Down Budget to effectuate the liquidation and distribution of the remaining Assets hereunder in accordance with the Plan. The Expense Reserve shall include (i) the POCI Contribution, and (ii) the $50,000 authorized to be used pursuant to paragraph nine of the POCI Settlement.

Expense Reserve means the reserve established pursuant to Section 6.13 of the Plan.

Examples of Expense Reserve in a sentence

• Any income earned on amounts deposited in the Expense Reserve Account will be deposited in the Interest Collection Subaccount as Interest Proceeds as it is received.

• By the date that is two (2) Business Days prior to the first Payment Date following the Closing Date, all funds in the Expense Reserve Account (after deducting any expenses paid on such Payment Date) will be deposited in the Collection Account as Principal Proceeds and/or Interest Proceeds and the Expense Reserve Account will be closed.

• In accordance with this Indenture and the Account Control Agreement, the Issuer shall, prior to the Closing Date, cause the Trustee to establish at the Custodian a single, segregated non-interest bearing trust account held in the name of the Issuer, subject to the Lien of this Indenture, which shall be designated as the Expense Reserve Account, which shall be maintained with the Custodian in accordance with the Account Control Agreement.

• The Issuer hereby authorizes the deposit of the amounts set forth in the Issuer Order delivered on the Closing Date into each of the Ramp-Up Account for use pursuant to Section 10.3(c), the Expense Reserve Account as Interest Proceeds for use pursuant to Section 10.3(d) and the Interest Reserve Account for use pursuant to Section 10.3(e).

• The Issuer shall direct the Trustee to deposit the amount specified in the Issuer Order delivered pursuant to Section 3.1(a)(xi) to the Expense Reserve Account.

More Definitions of Expense Reserve

Expense Reserve means $25,000.

Expense Reserve means funds held by the Trustee to meet any Plan expenses, which may remain in the Plan and may be the subject of a further transfer to PIC in accordance with clause 7.1.

Expense Reserve as defined in Section 2.8(c). “Extended Settlement Date”: as defined in Section 2.8(a).

Expense Reserve means account number GE4766 established pursuant to Section 5.1(a) of the Indenture with the Securities Intermediary in the name of "State Street Bank and Trust Company, as Collateral Agent for the Scotia Pacific Company LLC Class X-0, X-0 xxx X-0 Noteholders and the Liquidity Providers--Expense Reserve," and all successor accounts thereto.

Expense Reserve means $[•]1.

Expense Reserve means that reserve created and held by the Liquidating Trustee to pay the expenses of the administration and property of the Liquidating Trust.

Expense Reserve as defined in Section 2.8(c).