Examples of Expense Reserve in a sentence
AFGS will on the Closing Date, deposit into the Extraordinary Expense Reserve an amount equal to the Extraordinary Expense Reserve Required Amount on that day.
Expense Reserve Account The Expense Reserve Account is not secured in favour of the Trustee (and neither the holders of the Bonds nor any other secured party has the benefit of it) and is a general reserve available to meet the general expenses of the Issuer.
The costs and expenses of the Liquidation Trust, including the fees and expenses of the Liquidation Trustee and other professionals retained on behalf of the Liquidation Trust, shall be paid out of the Liquidation Trust Expense Reserve, subject to the terms of the Liquidation Trust Agreement.
The payment of fees and expenses of the Liquidation Trustee and its professionals shall be made in the ordinary course of business from the Liquidation Trust Expense Reserve and shall not be subject to Bankruptcy Court approval.
The Extraordinary Expense Loan is only repayable by the Issuer to AFGS after all Notes have been redeemed in full and, following the occurrence of an Event of Default and enforcement of the General Security Deed and application of the Extraordinary Expense Reserve as described below, in accordance with Section 11.18 (“Application of proceeds following an Event of Default and enforcement of the General Security Deed”).