Expense Reserve has the meaning specified in Section 12.5.
Expense Reserve means a reserve to be established by the Debtor on the Effective Date to be utilized by the Plan Administrator in accordance with the Wind Down Budget to effectuate the liquidation and distribution of the remaining Assets hereunder in accordance with the Plan. The Expense Reserve shall include (i) the POCI Contribution, and (ii) the $50,000 authorized to be used pursuant to paragraph nine of the POCI Settlement.
Examples of Expense Reserve in a sentence
That the annual contribution to the Election Expense Reserve (112206) be increased by $31,250 to cover the increased costs to deliver a special vote-by-mail for future municipal elections, be referred to the 2022 Operating Budget deliberations for consideration.
Expense Reserve An expense reserve (also referred to as a general reserve) is maintained in the Fund for costs related to the administration of the Fund.
More Definitions of Expense Reserve
Expense Reserve means $25,000.
Expense Reserve means that reserve created and held by the Liquidating Trustee to pay the expenses of the administration and property of the Liquidating Trust.
Expense Reserve means account number GE4766 established pursuant to Section 5.1(a) of the Indenture with the Securities Intermediary in the name of "State Street Bank and Trust Company, as Collateral Agent for the Scotia Pacific Company LLC Class X-0, X-0 xxx X-0 Noteholders and the Liquidity Providers--Expense Reserve," and all successor accounts thereto.
Expense Reserve as defined in Section 2.8(c).
Expense Reserve as defined in Section 2.8(c). “Extended Settlement Date”: as defined in Section 2.8(a).
Expense Reserve means $[•]1.
Expense Reserve means funds held by the Trustee to meet any Plan expenses, which may remain in the Plan and may be the subject of a further transfer to PIC in accordance with clause 7.1.