Excess Expense definition

Excess Expense. As defined in Section 2.15(b).

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Excess Expense has the meaning set forth in Section 2(c).

Excess Expense means as of any date of determination, any Expenses due and owing that are in excess of the aggregate Expenses Cap, which remain unreimbursed after application of the applicable Expenses Cap in any calendar year, which will be reimbursable, subject to the applicable Expenses Cap, to the applicable party in subsequent years. Any Excess Expenses will be reimbursable to the Servicer, the Securities Administrator, the Custodian, the Asset Manager, the Seller, the Issuer, the Trustee and the Guarantor to the extent of funds available on each Distribution Date.

Examples of Excess Expense in a sentence

However, as part of the consideration for the Fund entering into this Agreement, the Manager hereby agrees that it will bear any such Excess Expense.
Subject to the Excess Expense Guidelines, the Company or the Operating Partnership may advance funds to the Advisor for expenses the Advisor anticipates will be incurred by the Advisor within the current month and any such advances shall be deducted from the amounts reimbursed by the Company or the Operating Partnership to the Advisor.
Payment by Price Associates of any such Excess Expense will be made promptly to the appropriate Underlying Fund within 30 days of the end of any month for which any such payment is due.
In accordance with the Retirement Funds` Investment Management Agreements, Price Associates agrees that it will bear any Excess Expense described in Paragraph 2.
Subject to Paragraph 4, each of the Underlying Funds will bear such Expenses in proportion to the average daily value of its shares owned by the Retirement Funds, provided further that no Underlying Fund will bear such Expenses in excess of the estimated Savings to it ("Excess Expense").
Subject to the Excess Expense Guidelines, the Company may advance funds to the Advisor for expenses the Advisor anticipates will be incurred by the Advisor within the current month and any such advances shall be deducted from the amounts reimbursed by the Company to the Advisor.
The foregoing expenses for each Fund that does not pay a unitary management fee are subject to the Excess Expense Agreement between the Trust on behalf of the Fund and the Adviser.
Payment by Price Associates of any such Excess Expense will be made to the appropriate Underlying Fund no later than 30 days after the close of the Underlying Fund`s fiscal year.
In the event that Adviser fails to fulfill its obligations under paragraph 1 above, the Trust will provide Guarantor with written notice of such failure, which notice shall detail the amount of Excess Expense owed by Adviser with respect to each class of the Fund.
In accordance with the Retirement Funds’ Investment Management Agreements, Price Associates agrees that it will bear any Excess Expense described in Paragraph 2.

More Definitions of Excess Expense

Excess Expense shall have the meaning specified in Section 3.3.

Excess Expense has the meaning set forth in Section 6.2(c)(ii) (Underpayments by Astellas).