Upfront Expenses definition

Upfront Expenses means upfront expenses associated with the issue of the Notes and entry into the Sub-SPV Loans, including but not limited to the corporate benefit fee paid to the Issuer and each Sub- SPV, the Arranger Fee, the moneys made available to the Issuer Expense Reserve Account and the costs and expenses of the Issuer's, the Senior Manager’s, each Investment Sub-Manager's and the Arranger's legal counsel each of which are subject to a cap agreed between the Senior Manager and the Arranger.

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Upfront Expenses means certain expenses of the Secured Parties and such other third parties as agreed with the Issuer as such expenses shall be payable by the Issuer on the Issue Date.

Examples of Upfront Expenses in a sentence

• If at the termination of the Trust in accordance with Section 8.3 of the Trust Agreement the aggregate amount of Ordinary Expenses incurred by the Service Provider on behalf of the Trust through the date of termination shall be less than the Up-front Expenses Amount, the Service Provider shall, promptly following the date of such termination, pay to Gold▇▇▇ ▇▇▇hs in New York Clearing House funds the amount of such excess.

• If at the termination of the Trust in accordance with Section 8.3 of the Trust Agreement the aggregate amount of Ordinary Expenses incurred by the Service Provider on behalf of the Trust through the date of termination shall be less than the Up-front Expenses Amount, the Service Provider shall, promptly following the date of such termination, pay to ▇▇▇▇▇▇▇ Sachs in New York Clearing House funds the amount of such excess.

• If at the termination of the Trust in accordance with Section 8.3 of the Trust Agreement the aggregate amount of Ordinary Expenses incurred by the Service Provider on behalf of the Trust through the date of termination shall be less than the Up-front Expenses Amount, the Service Provider shall, promptly following the date of such termination, pay to ▇▇▇▇▇▇▇ ▇▇▇▇▇ in New York Clearing House funds the amount of such excess.