Initial Expenses definition

Initial Expenses means Expenses related to the issuance of the ACS Group Loans, the Class E Securities and the acquisition of the ACS Group Aircraft (other than Expenses related to the acquisition of the Remaining Aircraft incurred after the Initial Closing Date).
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Initial Expenses has the meaning ascribed thereto in Clause 29;
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Initial Expenses means Expenses related to the issuance of the Initial Notes and the acquisition of the Initial Assets on the Initial Closing Date, except that the foregoing shall not include any Expenses related to the acquisition of any Remaining Initial Assets incurred after the Initial Closing Date.
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Examples of Initial Expenses in a sentence

  • Notwithstanding the foregoing, the Company shall reimburse the Guarantor for the Initial Expenses within ten (10) business days of the Closing.

  • The Condominium hereby covenants and agrees to reimburse the Declarant the full amount of any Initial Expenses paid by the Declarant for which the Declarant is not otherwise fully reimbursed by the unit owners of the Condominium or otherwise, and shall pay the same within thirty (30) days of any demand therefor delivered in writing by the Declarant.

  • The Borrower will credit 1% of any received loan proceeds (“the Initial Expenses Deposit”) to the Expenses Reserve Ledger.

  • The forecasted Initial Expenses are the following: Formation expenses Costs incurred due to liquidation of the Fund shall be payable by the Fund.

  • HPC shall receive a credit against its Initial Capital Contribution for all Initial Expenses paid for by HPC or HPI.


More Definitions of Initial Expenses

Initial Expenses means all monies expended or committed by HPC or HPI ---------------- with respect to the Card Club, the Hotel and related businesses prior to the assignment of the Initial Card Club Assets to the Company, including without limitation the costs of acquiring the Card Club Site.
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Initial Expenses means Expenses related to the issuance of the Initial Notes and the acquisition of the Initial Aircraft on the Initial Closing Date, except that the foregoing shall not include any Expenses related to the acquisition of the Remaining Aircraft incurred after the Initial Closing Date.
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Initial Expenses means the amount of expenses and costs connected with the establishment of the Securitisation. Issuer Liquidity Reserve Account: the Issuer has established the Issuer Liquidity Reserve Account with the Issuer Account Bank, into which the proceeds of the Liquidity Reserve Loan will be paid. The following table sets out the fees to be paid by the Issuer to the Other Issuer Creditors (as appropriate) (the "Administrative Fees"). Type of Fee Amount of Fee Priority in Cashflow FrequencyPrimary Servicing Fees€25,000 if the Primary Services are performed by an entity other than the Facility Agent1 (plus VAT if applicable)Ahead of all outstanding Notes Facility AgentFee payable quarterly in advance on each Interest Payment Date Special Servicing Fees 0.15 per cent. perannum of outstanding principal balance of each Loan while it is a Specially Serviced Loan (exclusive of VAT) Liquidation Fee 0.50 per cent. of Liquidation Proceeds (exclusive of VAT) Workout Fee 0.50 per cent. of interest and principal collections on each Loan while it is a Corrected LoanAhead of all outstanding Notes Payable oneach Note Payment Date for such period that a Loan is designated a Specially Serviced Loan Ahead of all outstanding Notes Payable oneach Note Payment Date that a Loan is a Specially Serviced Loan and Liquidation Proceeds are received Ahead of all outstanding Notes Payable oneach Note Payment Date Other fees and expenses of the IssuerEstimated at 0.07 per cent. per annum (exclusive of VAT)Ahead of all outstanding Notes Various
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Initial Expenses. Unless otherwise agreed in writing, Debtor is responsible for paying for all actions taken and all reasonable expenses incurred by Landowner, Occupier and Debtor in entering into this Agreement.
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Initial Expenses means Expenses related to the issuance of the Initial Notes on the Initial Closing Date.
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Initial Expenses means an amount equal to euro 700,000,00.
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Initial Expenses means, prior to receipt of collections of the first levy of the O/M Tax, the reasonable expenses and costs of the operation and administration of the District including the reasonable expenses and costs incurred by the Municipality in connection with the formation of the District, its operations, its relationship with the Municipality, its issuance of the Assessment Bonds or the General Obligation Bonds or any similar matters and reasonable fees and related costs and expenses of staff of the Municipality, financial advisors, engineers, appraisers, attorneys and other consultants and including any overhead incurred by the Municipality with respect thereto and specifically allocated to the Initial Expenses. Initial Expenses also includes, prior to receipt of collections of the first levy of the O/M Tax, the amount of the insurance premiums arising as a result of procuring insurance as described in Section 8.3 for the District (but not Brookfield and the Developer) and to pay the initial deductible described in Section 8.3, and then thereafter, to the extent necessary as a result of application to claims under such insurance, to pay such deductible.
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