Expense Account definition
Examples of Expense Account in a sentence
On the first Determination Date after the completion of any Required Modification, if any Capital Contribution was made in connection with such Required Modification, the Administrator shall allocate all amounts then remaining on deposit in the Expense Account in respect of such Required Modification to the Member.
Following receipt of a Withdrawal Certificate pursuant to this Section 3.3(b), to the extent funds are available in the T4 Administrative Expense Account, the T4 Accounts Bank shall withdraw funds from the T4 Administrative Expense Account on the applicable Transfer Date and transfer such funds in accordance with the instructions specified in such Withdrawal Certificate.
Each such Withdrawal Certificate shall set forth the requested Transfer Date and the amounts and the purposes of the requested withdrawals and transfers (including details regarding the relevant Administrative Expenses) to be paid from the T4 Administrative Expense Account.