Trust Cost definition

Trust Cost means all costs, expenses, liabilities and obligations incurred by the Trust and Trustee in administering and conducting the affairs of the Trust, and those incurred by the Trust and the Trustee in otherwise carrying out the terms of the Trust and the Plan on behalf of the Trust and the Debtors, including without
View Source
Trust Cost means (i) the costs, expenses, liabilities and obligations incurred by the Trust and/or the Litigation Trustee in accordance with the Plan or this Litigation Trust Agreement in administering and conducting the affairs of the Trust, and otherwise carrying out the terms of the Trust and the Plan on behalf of the Trust, including without any limitation, any taxes owed by the Trust, the fees and expenses of the Litigation Trustee and professional Persons retained by the Trust or Litigation Trustee in accordance with this Litigation Trust Agreement and the expenses and obligations otherwise defined as Trust Costs in this Litigation Trust Agreement and (ii) the reasonable, documented out-of-pocket costs and expenses incurred by the LTAC Members in the course of performing their advisory role as LTAC Members; provided, however, that Trust Costs shall not include the fees and expenses of any attorneys, advisors, consultants or other professionals retained or employed by the LTAC Members.
View Source

Examples of Trust Cost in a sentence

  • LandCo shall reimburse, or cause to be reimbursed, the Land Trust Cost to the Beneficiaries caused prior to Closing or resulting from their pre-Closing ownership of the Beneficiary Rights and Obligations, subject to such expenses being duly corroborated by Invex.

  • The Litigation Trustee shall pay the reasonable fees and expenses of Professionals as a Trust Cost, subject to subpart (c) below.

  • The Litigation Trustee is authorized to pay any Trust Cost without further order of the Court, except as provided in section 4.6 hereof.

  • All reasonable expenses of the Litigation Trustee in the performance of its respective duties hereunder, shall be reimbursed as a Trust Cost paid by the Trust, subject to subpart (c) below.

  • The expenses of preparation of the statement of discharge, including, but not limited to, any accounting expenses incurred in connection with preparation of the statement of discharge, shall be a Trust Cost.

  • If any liability shall be asserted against the Trust or the Litigation Trustee as the transferee of the Trust Assets on account of any claimed liability of, through or under the Debtor, the Litigation Trustee may use such part of the Trust Assets as may be necessary to contest any such claimed liability and to pay, compromise, settle or discharge same on terms reasonably satisfactory to the Litigation Trustee as a Trust Cost.

  • All reasonable fees and expenses of the Litigation Trustee and its professionals shall be a Trust Cost.

  • After the Effective Date, the Trust shall pay as a Trust Cost, all fees incurred under 28 U.S.C. § 1930(a)(6), if applicable and the Trust is required to pay them, by reason of the Trust’s disbursements until the Cases are closed.

  • The Trustee may pay the reasonable fees and expenses of such professionals as a Trust Cost upon prior entry of a Bankruptcy Court order approving such fees and expenses in accordance with Section 3.7 of the Plan.

  • All costs and expenses of procuring any such bond shall be paid as a Trust Cost.

Related to Trust Cost

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Equipment Cost means, for each Unit, the purchase price therefor paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Standard Cost means any cost computed with the use of preestablished measures.