Administrative Fund Sample Clauses

Administrative Fund. The cost of the administration of the COOPERATIVE shall be borne by each of its MEMBERS in direct proportion to the number of employees and officers of the MEMBER and listed entities whose benefit programs are to be administered by the COOPERATIVE as com- pared to the total number of such persons served by the COOPERATIVE. Whenever payments to the Administrative Fund shall be based upon an estimate, the MEMBER shall promptly receive a refund or pay a deficiency when final figures become availa- ble. The Administrative Fund shall pay all of the administrative costs of the COOPERATIVE and payment shall be made to cause the administration of all actions approved by the Board of Directors and the Executive Board.
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Administrative Fund. (a) The City shall deposit or cause to be deposited to the Administrative Fund the amounts collected each year to pay Annual Collection Costs and Delinquent Collection Costs. The City or the Administrator, on behalf of the City, shall direct the Trustee pursuant to the City Certificate with respect to the portions of the Annual Installments collected for the payment of Annual Collection Costs and Delinquent Collection Costs to be deposited pursuant to this section. (b) Moneys in the Administrative Fund shall be held by the Trustee separate and apart from the other Funds created and administered hereunder and used as directed by a City Certificate solely for the purposes set forth in the Service and Assessment Plan, including payment of Annual Collection Costs and Delinquent Collection Costs. The Administrative Fund shall not be part of the Trust Estate and is not security for the Improvement Area #3 Bonds. (c) In accordance with Section 7.6, the Trustee shall transfer its authorized fees and expenses from the Administrative Fund to pay the foregoing unless the Trustee receives written objection from the City within ten (10) Business Days of its delivery of notice of such costs to the City. No City Certificate is necessary for the Trustee to receive compensation for the services rendered hereunder.
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Administrative Fund. SECTION 8.01 Central Pennsylvania Electrical Contractor Administrative Fund (C.P.E.C.A.F.). Each employer covered by this agreement shall contribute to the C.P.E.C.A.F. (1/2) of (1%) of their gross labor payroll for all work covered under this agreement. The fund shall be administered solely by the employers; the fund may not be used in any manner detrimental to the Local Union or IBEW; and the enforcement for delinquent payments to the fund shall be the sole responsibility of the fund or employers and not the Local Union. The Fund shall be utilized to pay for management's costs of the labor contract administration including negotiations, disputes and grievance representation and for other administrative functions and expenses required of management, including service on fringe benefit funds. Further, from time to time it shall be utilized for the promotion of the electrical industry and the enhancement of labor relations in Central Pennsylvania. Payment shall be forwarded monthly to the designated depository in a form and manner prescribed by the association, no later than fifteen (15) calendar days following the last day of the month in which labor was performed. Failure to do so will be considered a breach of this agreement. National Labor Management Cooperation Fund (NLMCC) SECTION 8.02 The parties agree to participate in the NECA-IBEW National Labor Management Cooperative Fund, Under authority of Section 6(b.) of the Labor Management Cooperative Act of 1978, 00 X.X.X. 000 (x.), xxx Xxxxxxx 000 (x.) (9) of the Labor Management Relations Act, 29 U.S.C. 186 (c.) (9). The purpose of this fund include the following: 1. To improve communications between representatives of labor and management; 2. To provide workers and employers with opportunities to study and explore new and innovative joint approaches to achieving organizational effectiveness; 3. To assist workers and employers in solving problems of mutual concern not susceptible to resolution within the collective bargaining process; 4. To study and explore ways of eliminating potential problems which reduce the competitiveness and inhibit the economic development of the electrical construction industry; 5. To sponsor programs which improve job security, enhance economic and community development, and promote the general welfare of the community and the industry; 6. To encourage and support the initiation and operation of similarly constituted local Labor Management Cooperation Committees; 7. To engage ...
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Administrative Fund. The Group Board may establish and maintain a separate administrative fund for the purpose of payment of legal expenses and other approved costs and expenses associated with the administration of the IGHCP Group not referenced in Section 1 above. The participating agencies shall contribute amounts to this fund on a pro-rata basis according to the respective numbers of employees covered by the health and related benefit plan, so as to provide payment of costs and expenses in a timely fashion. Operation of this fund shall be determined by the By-laws.
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Administrative Fund. The Employer agrees to deduct from each Employee’s earnings an amount as designated by the Union bylaws from the gross wages earned by each employee covered by this Agreement and remit deducted monies to the Local Union’s Administrative fund upon receipt of authorization from Employee.
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Administrative Fund. 6.01.01 Effective July 1, 1993, all employers signatory to this labor agreement with the Oregon-Columbia Chapter, NECA designated as their collective bargaining agent shall contribute .50% of gross labor payroll for each employee covered by this labor agreement to the Administrative Maintenance Fund. The monies are for the purpose of administration of the collective bargaining agreement, grievance handling and all other management duties and responsibilities in this agreement. No part of the funds collected shall be used for any purpose which is held to be in conflict with the interests of the International Brotherhood of Electrical Workers and its local unions. The enforcement of delinquent payments and administration is the sole responsibility of the Oregon-Columbia Chapter, NECA.
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Administrative Fund. No later than ten (10) days after the Effective Date, the USF&G Parties shall pay $35 million into an escrow account (the "Administrative Fund"), under the control of the undersigned Asbestos Plaintiffs' Counsel. The Administrative Fund shall be disbursed to the Debtors or others, and after Plan Approval, to the 524(g) Trust, for miscellaneous fees and expenses, including costs and fees associated with litigation, either within or outside of the bankruptcy proceedings contemplated by the Plan. Upon Plan Approval, amounts in the Administrative Fund shall be disbursed for accrued but unpaid fees and expenses and any remaining funds shall be transferred to the 524(g) Trust. Upon Plan Disapproval, amounts in the Administrative Fund shall be disbursed for accrued but unpaid fees and expenses and any remaining funds shall be returned to the USF&G Parties.
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Administrative Fund. On January 1st, 2005, the Company shall pay $12,500 to the Union towards administration costs.
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Administrative Fund. Defendants agree to fund the Administrative Fund, separate and apart from the Settlement Fund, in the amount of $ 75,000. The funding of the $75,000 shall occur no later than five (5) business days after the date of entry by the Court of an order preliminarily approving this Settlement, provided that Lead Counsel have provided Defendants with valid wire instructions and a completed Internal Revenue Service Form W-9 for the payment by that date. Defendants shall not be obligated to fund any expenses related to the Administrative Fund exceeding $75,000. Notwithstanding the fact that the Effective Date of the Settlement has not yet occurred, Lead Counsel may pay from the Administrative Fund, all Notice and Administration Costs actually incurred and paid or payable, up to the amount of $50,000, as noted in the definition of “Administrative Fund.”
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Related to Administrative Fund

  • Administrative Accounts In connection with the services provided hereunder, the Custodian is hereby directed to open cash accounts on its books and records from time to time for the purposes of receiving subscriptions and/or processing redemptions on behalf of the Fund and/or for the purposes of aggregating, netting and/or clearing transactions (including, without limitation foreign exchange, repurchase agreements, capital stock activity, expense payment) or other administrative purposes, each on behalf of the Fund (each an “Account”). Each such Account shall be subject to the terms and conditions of this Agreement and the Fund shall be liable for the satisfaction of its obligations in connection with each Account.

  • Administrative Fees The Borrower agrees to pay to the Administrative Agent an annual fee as agreed to between the Borrower and the Administrative Agent.

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Pre-Funding Account (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National Association, in trust for the registered holders of Deutsche Alt-A Securities, Mortgage Loan Trust, Series 2006-AR2, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein. (b) The Securities Administrator will invest funds deposited in the Pre-Funding Account only as directed in writing by the Depositor (and such amounts shall not be invested if no direction is received by Securities Administrator) in Permitted Investments with a maturity date (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Securities Administrator or an Affiliate manages or advises such investment, (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Securities Administrator or an Affiliate manages or advises such investment or (iii) within one (1) Business Day of the Securities Administrator’s receipt thereof. For federal income tax purposes, the Depositor shall be the owner of the Pre-Funding Account and shall report all items of income, deduction, gain or loss arising therefrom. All income and gain realized from investment of funds deposited in the Pre-Funding Account shall be transferred to the Depositor. The Depositor shall deposit in the Pre-Funding Account the amount of any net loss incurred in respect of any such Permitted Investment immediately upon realization of such loss without any right of reimbursement therefor. At no time will the Pre-Funding Account be an asset of any REMIC created hereunder. (c) Amounts on deposit in the Pre-Funding Account shall be withdrawn by the Securities Administrator as follows: (i) On any Subsequent Transfer Date, the Securities Administrator shall withdraw from the Pre-Funding Account an amount equal to 100% of the Principal Balances of the related Subsequent Loans as of the Subsequent Cut-Off Date, transferred and assigned to the Trustee for deposit in the Trust Fund on such Subsequent Transfer Date and pay such amount to or upon the order of the Depositor upon satisfaction of the conditions set forth in Section 2.6 with respect to such transfer and assignment; (ii) If the amount on deposit in the Pre-Funding Account (exclusive of any investment income therein) has not been reduced to zero during the Pre-Funding Period, on the Distribution Date immediately following the termination of the Pre-Funding Period, the Securities Administrator shall deposit into the Distribution Account any amounts remaining in the Pre-Funding Account (exclusive of any investment income therein) for distribution in accordance with the terms hereof; (iii) To withdraw any amount not required to be deposited in the Pre-Funding Account or deposited therein in error; and (iv) To clear and terminate the Pre-Funding Account upon the earlier to occur of (A) the Distribution Date immediately following the end of the Pre-Funding Period and (B) the termination of this Agreement, with any amounts remaining on deposit therein being paid to the Holders of the Class A Certificates then entitled to distributions in respect of principal. Withdrawals pursuant to clauses (i), (ii) and (iii) shall be treated as contributions of cash to REMIC I on the date of withdrawal.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.