RESERVE FOR EXPENSES Sample Clauses

RESERVE FOR EXPENSES. The Trustee is authorized to reserve such amount as to it may deem advisable for payments of its fees and expenses in connection with the settlement of its account or otherwise, and any balance of such reserve remaining after the payment of such fees and expenses shall be paid over in accordance with the directions of the Company under 10.2. The Trustee is authorized to invest such reserves in any investment authorized under the terms of this Agreement appropriate for the temporary investment of cash reserves of trusts.
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RESERVE FOR EXPENSES. The Trust shall pay or reserve for all of its expenses before causing distributions to be made to the Beneficiaries.
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RESERVE FOR EXPENSES. The Trustee is authorized to reserve such amount as it may deem advisable solely for payment of its fees and expenses hereunder, and any balance of such reserve remaining after the payment of such fees and expenses shall be paid over in accordance with the directions of the Employer under Section 5.3. If not specifically directed by the Employer, the Trustee shall invest cash balances of the Trust Assets in short-term cash equivalents, including, but not limited to, units of its short-term collective investment funds, shares of regulated investment companies commonly known as money market funds, Treasury Bills, certificates of deposit, commercial paper, demand notes (including such collective investment funds, regulated investment companies and forms of commercial paper and demand notes which may be available through, or managed, sponsored or invested by, the Trustee or any affiliate thereof) and similar types of securities with maturities not exceeding two years.
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RESERVE FOR EXPENSES. The Trustee is authorized to reserve such sum of money (and for that purpose to liquidate property to produce such sum) as it may deem advisable for payment of all proper charges against the Trust Fund, including expenses in connection with such resignation or removal, and any balance of such reserve remaining after the payment of such charges shall be paid over to the successor trustee or custodian.
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RESERVE FOR EXPENSES. THE TRUSTEE IS AUTHORIZED TO RESERVE SUCH AMOUNT AS IT MAY REASONABLY DEEM ADVISABLE FOR PAYMENTS OF ITS REASONABLE FEES AND EXPENSES IN CONNECTION WITH THE SETTLEMENT OF ITS ACCOUNT OR OTHERWISE, AND ANY BALANCE OF SUCH RESERVE REMAINING AFTER THE PAYMENT OF SUCH FEES AND EXPENSES SHALL BE PAID OVER IN ACCORDANCE WITH THE DIRECTIONS OF THE COMPANY UNDER 10.2. THE TRUSTEE IS AUTHORIZED TO INVEST SUCH RESERVES IN ANY INVESTMENT AUTHORIZED UNDER THE TERMS OF THIS AGREEMENT APPROPRIATE FOR THE TEMPORARY INVESTMENT OF CASH RESERVES OF TRUSTS. IN LIEU OF SUCH RESERVE, THE COMPANY MAY UNDERTAKE, PURSUANT TO AN AGREEMENT IN FORM SATISFACTORY TO BANKERS, TO HOLD BANKERS HARMLESS AND FREE FROM LOSS AGAINST SUCH FEES AND EXPENSES.
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Related to RESERVE FOR EXPENSES

  • Reimbursement for Expenses Consultant shall not be reimbursed for any expenses unless authorized in writing by City.

  • Liability for expenses Each party will pay its own expenses incurred in negotiating, executing, stamping and registering this Participation Agreement.

  • Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement, to the extent that Indemnitee is a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter. If the Indemnitee is not wholly successful in such Proceeding, the Company also shall indemnify Indemnitee against all Expenses reasonably incurred in connection with a claim, issue or matter related to any claim, issue, or matter on which the Indemnitee was successful. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

  • Responsibility for Expenses Lessee shall, at Xxxxxx's sole cost and expense, pay all necessary expenses incident to Xxxxxx's use of the Property.

  • INDEMNIFICATION FOR EXPENSES OF A WITNESS Notwithstanding any other provision of this Agreement except for Section 27, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or deponent in any Proceeding to which Indemnitee was or is not a party or threatened to be made a party, Indemnitee shall, to the fullest extent permitted by applicable law, be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.

  • Indemnification for Expenses as a Witness Notwithstanding any other provision of this Agreement except for Section 26 hereof, to the extent that Indemnitee is, by reason of his Corporate Status, a witness in any Proceeding, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith.

  • Credit for Experience 1. Newly employed teachers will receive the equivalent year's credit for each year of experience. The experience granted will be equal to the FTE experience for each year worked. This credit will be granted if, in the judgment of the Superintendent, the teaching experience has been appropriate to the position which has been offered. For example, teaching experience at the secondary level may not be appropriate if the applicant is being considered for an elementary position. Placement on the salary schedule will be accomplished in the following manner:

  • Indemnification for Expenses of Successful Party Notwithstanding any other provisions of this Article SIXTH, to the extent that an Indemnitee has been successful, on the merits or otherwise, in defense of any action, suit or proceeding referred to in Sections 1 and 2 of this Article SIXTH, or in defense of any claim, issue or matter therein, or on appeal from any such action, suit or proceeding, Indemnitee shall be indemnified against all expenses (including attorneys’ fees) actually and reasonably incurred by or on behalf of Indemnitee in connection therewith. Without limiting the foregoing, if any action, suit or proceeding is disposed of, on the merits or otherwise (including a disposition without prejudice), without (i) the disposition being adverse to Indemnitee, (ii) an adjudication that Indemnitee was liable to the Corporation, (iii) a plea of guilty or nolo contendere by Indemnitee, (iv) an adjudication that Indemnitee did not act in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Corporation, and (v) with respect to any criminal proceeding, an adjudication that Indemnitee had reasonable cause to believe his or her conduct was unlawful, Indemnitee shall be considered for the purposes hereof to have been wholly successful with respect thereto.

  • Indemnification for Expenses in Enforcing Rights To the fullest extent allowable under applicable law, the Company shall also indemnify against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section 4, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaid. Indemnitee shall be required to reimburse the Company in the event that a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith.

  • Indemnification for Expenses Incurred in Enforcing Rights The Company shall indemnify Indemnitee against any and all Expenses that are incurred by Indemnitee in connection with any action brought by Indemnitee for

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