Ordinary Expense definition
Examples of Ordinary Expense in a sentence
After the distribution of Attorneys’ Fees, Expenses, Administration and Notice Costs, Service Awards, Documented Ordinary Expense Reimbursement, Documented Extraordinary Expense Reimbursement, Lost-Time Reimbursement, and Credit Monitoring, the Settlement Administrator will make pro rata settlement payments of the remaining Settlement Fund to each Settlement Class Member who submits a valid claim for a Pro-Rata Cash Payment.
Settlement Class Members with Documented Ordinary Expense Claims must submit documentation and attestation supporting their claims.
Reserved Ordinary Expense Amounts shall be applied by the Trustee for the purposes set forth in the definition of Ordinary Trust Expense as such amounts become due and as provided in the related Series Supplement and, in the case of any Administrative Agent, upon presentation to the Trustee of documentation reasonably supporting such expense.
All costs of reviewing and negotiating a Deposit Account Control Agreement shall be an Ordinary Expense of the Trustee.
All costs of reviewing and negotiating an Operating Revenue Escrow Agreement shall be an Ordinary Expense of the Trustee.
If specified in the applicable Series Supplement, on or prior to the Closing Date for a Series, the Depositor will make or cause to be made the deposit of any Reserved Extraordinary Trust Expense Amount or any Reserved Ordinary Expense Amount to the Expense Reserve Account for the related Series as of the Closing Date.
Please note that you may not seek reimbursement under this category for any expense that you are also seeking reimbursement for in the “Documented Ordinary Expense Reimbursement” category (Benefit 1).