Mandatory Expenses definition

Mandatory Expenses means the following costs and expenses of Project Company: (a) Taxes, insurance and utilities; (b) costs and expenses incurred in order to comply with Applicable Laws, ordinances, rules and regulations of Governmental and quasi-Governmental Authorities having jurisdiction over the Plant or Project Company; (c) costs and expenses incurred to satisfy obligations under existing contracts (including obligations under the Transaction Documents and with respect to any debt financing); and (d) costs and expenses to address emergencies involving an immediate danger to persons or property or required to avoid suspension of necessary services to Project Company.
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Mandatory Expenses means those Administrative Expenses that ------------------ constitute any of the following, in the order of priority set forth below: (A)(i) Trustee's fees and expenses that must be paid in order to ensure that the Issuer and the Trustee can discharge their respective obligations hereunder under Section 6.08 and as otherwise set forth in the Indenture; (ii) the surveillance and other fees of the Rating Agency; (iii) the fees of the Trustee, as Paying Agent, Note Registrar, Custodian and Transfer Agent hereunder and, following the payment of the Mandatory Expenses specified in clauses (A)(i) through (iii); (B)(i) the Senior Servicing Fee, and (ii) if there is a replacement Servicer not affiliated with Aon Capital Managers, LLC, the Servicing Fee.
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Mandatory Expenses means any of the following: (a) costs approved by the Members to the extent that the Members have agreed in writing to make Capital Contributions to pay such costs; (b) routine costs necessarily incurred by the Company in connection with holding and maintaining the Property, such as, but not limited to, property taxes and assessments; and (c) any costs specified as Mandatory Expenses in this Agreement, but in no event shall Mandatory Expenses include payments on any note or mortgage executed by the Company in connection with the Acquisition Closing pursuant to the terms and conditions of the Purchase Agreement.
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Examples of Mandatory Expenses in a sentence

  • The cost of preparing and filing such returns shall be born by the Company (and shall be treated as Mandatory Expenses for all purposes of this Agreement).

  • At the request of any Member, the Company’s financial books and records shall be audited (not more frequently than annually) at the expense of the Company, by a firm of independent certified public accountants selected by all of the Members (who shall select all accountants and auditors for the Company), and the costs of the audit shall be treated as Mandatory Expenses for purposes of this Agreement.

  • Additional Capital Contributions pursuant to this Section 2.3 shall be funded on a monthly basis, in cash, based on the anticipated cash requirements of the Company for Mandatory Expenses, and shall be due not later than fifteen (15) Business Days following a Contribution Notice, and shall be applied solely for the purpose of paying Mandatory Expenses in accordance with any applicable Contribution Notice.

  • Each Contribution Notice shall specify in reasonable detail the Mandatory Expenses to be paid from the Additional Capital Contributions called for therein.