Expense Administrator means MSDW Structured Asset Corp. acting pursuant to the Expense Administration Agreement.
Expense Administrator means LaSalle Bank National Association acting pursuant to the "Expense Administration Agreement".
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.05% per annum of the principal amount of the Securities held by the Trust as its fee, payable on the basis of a 360 day year consisting of twelve 30 day months. The Expense Administrator will be entitled to interest on any deferred fee amounts that would have been payable but for deferral of interest on the Securities at the rate of 8.125% per annum and any additional amounts available as interest on deferred interest with respect to the Securities after application of such amounts to the deferred interest payable on the Units. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units and any Swap Termination Payments currently owing. The Expense Administrator will be entitled to its fee in connection with an exercise of the Options or a redemption of the Securities. The Expense Administrator will not be entitled to receive its fee from the proceeds of a termination other than in connection with an exercise of Options or a redemption of Securities. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Examples of Expense Administrator in a sentence
Amounts in respect of an additional payment obligation of each Swap Counterparty in respect of the Expense Administrator's Fee will be paid to the Expense Administrator.
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Amounts in respect of an additional payment obligation of the Swap Counterparty in respect of the Expense Adminstrator's Fee will be paid to the Expense Administrator.
Each Party shall pay each invoice for Shared Expenses promptly upon, and in any event within ten (10) days of, receipt of written notice thereof from the Shared Expense Administrator.
The Parties shall cause the Shared Expense Administrator, as authorized agent for each Party, to administer the collection and payment of the Shared Expenses, whether invoiced by each expense payee against a particular Project or invoiced as an aggregate expense of all Parties.
More Definitions of Expense Administrator
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of May 11, 2001 (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.025% per annum of the principal amount of the Securities held by the Trust as its fee, payable on the basis of a 360 day year consisting of twelve 30 day months. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units and any Swap Termination Payments currently owing. In addition the Expense Administrator shall own that portion of the Securities which represent the interest of a fractional Unitholder that would remain after a partial exercise of the Swap Agreement had the Swap Counterparty not been obligated to pay the Fractional Unit Make Whole Amount (pursuant to and as defined in the Swap Agreement). The Expense Administrator shall receive all interest and principal with respect to such portion of the Securities. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of December 12, 2001 (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.025% per annum of the principal amount of the Securities held by the Trust as its fee, payable on the basis of a 360 day year consisting of twelve 30 day months. The Expense Administrator will be entitled to interest on any deferred fee amounts that would have been payable but for deferral of interest on the Securities at the rate interest accrues on any deferred interest with respect to the Securities. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units and any Swap Termination Payments currently owing. In addition the Expense Administrator shall own that portion of the Securities which represent the interest of a fractional Unitholder that would remain after a partial exercise or deemed exercise of the Swap Agreement had the Swap Counterparty not been obligated to pay the Fractional Unit Make Whole Amount (pursuant to and as defined in the Swap Agreement). The Expense Administrator shall receive all interest and principal with respect to such portion of the Securities. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to $6,296 payable on each Distribution Date. Amounts in respect of an additional payment obligation of the Swap Counterparty in respect of the Expense Administrator's fee shall also be considered part of the Expense Administrator's fee hereunder and under the Expense Administration Agreement. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Amounts specified in the paragraph are also referred to as the "Expense Administrator's Fee". The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.06% per annum of the principal amount of the Securities held by the Trust as its fee, calculated on the basis of a 360 day year consisting of twelve 30 day months and payable on each Distribution Date. The Expense Administrator's fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal $5,575 payable on each Distribution Date (the "Expense Administrator's Fee"). The Expense Administrator's Fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of the date of the Trust Agreement (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to $6,048 payable on each Distribution Date (together with any interest as described in the next sentence, the "Expense Administrator's Fee"). The Expense Administrator will be entitled to interest on any deferred fee amounts that would have been payable but for deferral of interest on the Securities at the rate of 7.570% per annum and any additional amounts available as interest on deferred interest with respect to the Securities after application of such amounts to the deferred interest payable on the Units. The Expense Administrator's Fee is payable only from available interest receipts received with respect to the Securities after application of such receipts to payment of accrued interest on the Units. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.
Expense Administrator. The Depositor will act as Expense Administrator on behalf of the Trust pursuant to an Expense Administration Agreement, dated as of July 16, 2001 (the "Expense Administration Agreement"), between the Depositor as Expense Administrator (the "Expense Administrator") and the Trust. The Expense Administrator will receive a fee equal to 0.025% per annum of the principal amount of the Securities held by the Trust as its fee, payable on the basis of a 360 day year consisting of twelve 30 day months. Interest will accrue on any deferred Expense Administrator's fee at the rate of 0.025%. The Expense Administrator's fee is payable only from Available Funds after provision is made for the payment owing with respect to the Units. In addition the Expense Administrator shall own that portion of the Securities which represent the interest of a fractional Unitholder that would remain after a partial redemption had the Expense Administrator not been obligated to pay an amount equal to the fractional Unit remaining together with any fraction accrued interest and fractional Additional Distribution. The Expense Administrator shall receive all interest and principal with respect to such portion of the Securities. The Expense Administrator will be responsible for paying the Trustee Fee and reimbursing certain other expenses of the Trust in accordance with the Expense Administration Agreement.