Administration Charge Reserve definition

Administration Charge Reserve means the cash reserve to be established by SFC on the Plan Implementation Date in the amount of $500,000 or such other amount as agreed to by the Monitor and the Initial Consenting Noteholders, which cash reserve: (i) shall be maintained and administered by the Monitor, in trust, for the purpose of paying any amounts secured by the Administration Charge; and (ii) upon the termination of the Administration Charge pursuant to the Plan, shall stand in place of the Administration Charge as security for the payment of any amounts secured by the Administration Charge.
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Administration Charge Reserve means a reserve in an amount equal to the maximum amount of the Senior Administration Charge.
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Examples of Administration Charge Reserve in a sentence

  • The Administration Charge Reserve was funded in the amount of $500,000 on the Plan Implementation Date, in accordance with the Plan and the Sanction Order.

  • The Administration Charge Reserve was established as a safeguard in the event that miscellaneous amounts were inadvertently missed in the final invoices rendered by beneficiaries of the Administration Charge at the point of Plan implementation.

  • Under the terms of the Plan, upon the conclusion of the administration of the Company’s estate, the balances remaining in the Unaffected Claims Reserve and the Administration Charge Reserve are to be transferred to the Monitor’s Post-Implementation Reserve, together with any Permitted Continuing Retainer amounts returned by professionals.

Related to Administration Charge Reserve

  • Administration Charge means a charge established in accordance with Chapter 90.50A RCW and Chapter 173-98 WAC, to be used to pay Ecology’s cost to administer the State Revolving Fund by placing a percentage of the interest earned in an Administrative Charge Account.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Engineer-In-Charge (EIC means the Engineer officer authorised to direct, supervise and be In-charge of the works for the purpose of this contract who shall supervise and be in charge of the work.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.

  • Administrative Fee is defined in Section 4.1(a).

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.