Expense Account definition

Expense Account has the meaning given to such term in Section 3.01(a) hereof.

Expense Account. The account established and maintained pursuant to Section 3.25.

Expense Account. The expense account established and maintained by the Trustee in accordance with Section 6.03 hereof.

Examples of Expense Account in a sentence

• A Premium Expense Account allows you to use tax-free dollars to pay for certain premium expenses under various insurance programs that we offer you.

• If, at the time of such voluntary winding up, the directors of the Issuer are of the reasonable opinion that such costs and expenses would exceed the balance standing to the credit of the Expense Account at such time, an amount sufficient to cover such excess (the “Winding Up Reserve”) shall be deducted from the proceeds of the Recourse Assets and transferred to the Expense Account.

• Any income earned on amounts deposited in the Closing Expense Account will be deposited in the Collection Account as Interest Proceeds as it is received.

• The only permitted withdrawal from or application of funds on deposit in, or otherwise to the credit of, the Closing Expense Account shall be in accordance with the provisions of this Section 8.3(e).

• For additional information, see CRS Report R44399, Senators’ Official Personnel and Office Expense Account (SOPOEA): History and Usage, by Ida A.

More Definitions of Expense Account

Expense Account. The account established pursuant to Section 10.7(a) hereof.

Expense Account. The account established pursuant to Section 10.3(c).

Expense Account means the account designated as such pursuant to Section 5.1 of the Transfer and Servicing Agreement.

Expense Account has the meaning set forth in Section 7.5(e).

Expense Account means the account established pursuant to Section 5.03 hereof.

Expense Account means the account established pursuant to the provisions of Section 6.4.

Expense Account has the meaning assigned to such term in Section 3.01(a) of the Indenture.