Issuer Expenses. With respect to the Collateral Pool, the costs and expenses relating to the Collateral Pool for (i) general liability insurance policies maintained by the applicable Issuers as owners of the Mortgaged Properties, or such Issuers’ respective proportionate shares of premiums with respect to general liability insurance policies maintained by Affiliates of such Issuers, (ii) casualty insurance policies maintained by the applicable Issuers, or such Issuers’ respective proportionate shares of premiums with respect to casualty insurance policies maintained by Affiliates of such Issuers, to insure casualties not otherwise insured by any related Tenant due to a default by such Tenant under the insurance covenants of its Lease or because any related Tenant permitted to self-insure fails to pay for casualty losses, and (iii) state franchise taxes prohibited by law from being passed through by an Issuer as lessor to a Tenant.
Issuer Expenses. For any Collection Period an amount equal to overhead and all other costs, expenses and liabilities of the Issuer (other than Operating Expenses paid pursuant to the Management Agreement and any Management Fee) payable during such Collection Period (including costs and expenses permitted to be paid to or by the Manager in connection with the conduct of the Issuer’s business), in each case determined on a cash basis, including but not limited to the following:
Issuer Expenses. For any Collection Period, overhead and all other costs, expenses and liabilities of the Issuer (other than Direct Operating Expenses paid pursuant to the Management Agreement and any Management Fee) payable during such Collection Period (including costs and expenses permitted to be paid to or by the Administrator in connection with the conduct of the Issuer's business), in each case determined on a cash basis, including but not limited to the following:
Examples of Issuer Expenses in a sentence
Fair Market Value.− Adjusted for Issuer Expenses and Costs:Applicable.
The Agency shall pay to the Trustee or the Issuer (as applicable) the Agency Proportionate Share of all Trustee Expenses and Issuer Expenses.
The provisions of the Determination Agency Agreement relating to a Rebalancing of the Basket or a Deleveraging of the Basket or the liquidation of assets to pay Principal Protection Amounts and/or Issuer Expenses are described in the sections "Basket Rebalancing" and "Deleveraging" below.
Notwithstanding the terms of Condition 6.1, the Issuer may also apply Available Issuer Receipts to the payment of any due and unpaid Issuer Expenses on any day other than a Scheduled Payment Date.
The composition of the Basket may be changed from time to time in accordance with the provisions of the Determination Agency Agreement in the event that (i) a Rebalancing Event occurs, (ii) a Deleveraging Event occurs or (iii) the liquidation of assets in the Basket is required to enable the Issuer to pay Principal Protection Amounts to the Principal Protection Provider and/or to pay Issuer Expenses.
More Definitions of Issuer Expenses
Issuer Expenses means the expenses of the Issuer attributable to the Notes, excluding (i) any expenses payable by the Issuer to the Trustee, the Custodian, the Paying Agent, the Issue Agent and the Calculation Agent in respect of the Notes and(ii) any increased costs incurred by the Issuer as described in Condition 6(a)(b)(i)(C)(z) up to an aggregate maximum amount (for (i) and (ii) together) in any year (commencing on the Issue Date and any anniversary thereof) of EUR50,000 which will be borne by the Principal Protection Provider;
Issuer Expenses means an amount equal to the expenses of the Issuer in connection with the issue of the Notes.
Issuer Expenses. For any Collection Period, direct out-of-pocket expenses that are necessary or advisable, in the opinion of the managers of the Issuer, to maintain the corporate existence of the Issuer, including: administration expenses; accounting and audit expenses of the Issuer; premiums for liability, casualty, fidelity, directors’ and officers’ and other insurance; legal fees and expenses; other professional fees; franchise taxes and other similar taxes (but excluding income taxes); and surveillance and other fees assessed by the Rating Agencies.
Issuer Expenses means any fees, liabilities and expenses, in relation to this transaction, payable by the Issuer to the following parties (or any successor): Servicer (to the extent the Servicer is not UCI Portugal), the Transaction Manager, the Paying Agent, the Accounts Bank, the Agent Bank and any Third Party Expenses that would be paid or provided for by the Issuer on the following Interest Payment Date, including the Issuer Transaction Revenues and any other costs incurred by the Issuer in connection with exercising or complying with its rights and duties under the Transaction Documents.
Issuer Expenses. All operating expenses of the Issuer (exclusive of interest on the Notes, but including the fees and expenses of the Owner Trustee, the Trustee, the Successor Servicer and the Servicing Fee).
Issuer Expenses means in the following order of priority: in respect of a Collection Period and insofar as such relate to the Notes (as determined by the Issuer Corporate Services Provider), the liabilities and expenses due to:
Issuer Expenses means any fees, liabilities and expenses, in relation to this transaction, payable by the Issuer to the following parties (or any successor): Servicer, the Transaction Manager, the Paying Agent, the Accounts Bank, the Agent Bank and any Third Party Expenses that would be paid or provided for by the Issuer on the next Interest Payment Date, including the Issuer Transaction Revenues and any other costsincurred by the Issuer in connection with exercising or complying with its rights and duties under the Transaction Documents.“Issuer Transaction Revenues” means the amounts agreed between the Issuer and the Originator, payable to the Issuer on each Interest Payment Date.“Third Party Expenses” means any amounts due and payable by the Issuer to third parties (not being Transaction Creditors) in respect of the Notes or the Transaction Documents, if such amounts have been so identified by the Issuer, including any liabilities payable in connection with:a) the purchase or disposal of any Authorised Investments;b) any filing or registration of any Transaction Documents;c) any provision for and payment of the Issuer's liability to any tax (including any VAT payable by the Issuer on a reverse charge basis);d) any law or any regulatory direction with whose directions the Issuer is accustomed to complying with;e) any legal or audit or other professional advisory fees(including without limitation Rating Agencies’ fees);f) any directors' fees or emoluments;g) any advertising, publication, communication and printing expenses including postage, telephone and telex charges;h) the admission to trading of the Class A Notes to Euronext Lisbon and any expenses with the CVM in connection with the registration and maintenance of the Notes; andi) any other amounts then due and payable to third parties and incurred without breach by the Issuer of the provisions of the Transaction Documents.Pre-Enforcement Principal Payment Priorities:Prior to the delivery of an Enforcement Notice, the Available Principal Distribution Amount determined by the Transaction Manager in respect of the CalculationPeriod immediately preceding each Interest Payment Date will be applied by the Transaction Manager on each Interest Payment Date in making the following payments in the following order of priority (the “Pre-Enforcement Principal Payment Priorities”) but in each case only to the extent that all payments of a higher priority that fall due to be paid on such Interest Payment Date have been made in ful...