Ordinary Expense definition

Ordinary Expense of the Trust means any expense of the Trust other than any expense of the Trust arising under Sections 2.2(e) and 6.6 of the Administration Agreement, Section 15 of the Custodian Agreement, Section 5.4(b) of the Paying Agent Agreement and Section 7.6 of the Trust Agreement.
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Ordinary Expense shall have the meaning set forth in Section 6.1.
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Ordinary Expense means any expense of the Administrator pursuant to the Administration Agreement for the term of the Trust and any expense of the Trust other than (x) any expense of the Trust arising under Section 3.4 of the Administration Agreement, Section 3.5 or 3.6 of the Custodian Agreement, Section 5.6 of the Paying Agent Agreement or Section 7.6 of the Trust Agreement and (y) to the extent not included in clause (x), any expense of the Trust arising from or relating to any withholding, deduction or payment of any present or future taxes, duties, assessments or governmental charges of whatever nature (other than governmental charges in the nature of administrative fees required to be paid to preserve the existence of the Trust).
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Examples of Ordinary Expense in a sentence

  • Settlement Class Members with Documented Ordinary Expense Claims must submit documentation and attestation supporting their claims.

  • After the distribution of Attorneys’ Fees, Expenses, Administration and Notice Costs, Service Awards, Documented Ordinary Expense Reimbursement, Documented Extraordinary Expense Reimbursement, Lost-Time Reimbursement, and Credit Monitoring, the Settlement Administrator will make pro rata settlement payments of the remaining Settlement Fund to each Settlement Class Member who submits a valid claim for a Pro-Rata Cash Payment.


More Definitions of Ordinary Expense

Ordinary Expense of the Trust means any expense of the Trust other than any expense of the Trust arising under Sections 2.2(e) and 6.6 of the Administration Agreement, Section 15 of the Custodian Agreement, Section 5.4(b) of the Paying Agent Agreement and [Section 7.6] of the Trust Agreement.
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Related to Ordinary Expense

  • Extraordinary Expenses means all expenses incurred by the Fund outside of the ordinary course of its business, including, without limitation, costs incurred in connection with any claim, litigation, arbitration, mediation, government investigation or dispute and the amount of any judgment or settlement paid in connection therewith, or the enforcement of the Fund’s rights against any person or entity; costs and expenses for indemnification or contribution payable by the Fund to any person or entity (including, without limitation, pursuant to the indemnification obligations contained in the Trust Instrument); expenses of a reorganization, restructuring or merger of the Fund; expenses of holding, or soliciting proxies for, a meeting of shareholders of the Fund; and the expenses of engaging a new administrator, custodian, transfer agent, escrow agent or other major service provider.

  • Company Expenses has the meaning provided in Section 8.3.

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.