Administrative Expense Account definition

Administrative Expense Account means the account maintained by the Sellers’ Representative into which the payment required by the Equity Holders in accordance with Section 2.7(e) shall be made and any successor account in which the Administrative Expense Amount shall be held by the Sellers’ Representative.

Administrative Expense Account means the account maintained by the Stockholders’ Representative into which the payment required by the Equity Holders in accordance with Section 2.3(d) shall be made and any successor account in which the Administrative Expense Amount shall be held by the Stockholders’ Representative.

Administrative Expense Account means the Administrative Expense Account established pursuant to the Final Order (I) Authorizing Use of the Debtors’ Existing Cash Management System; (II) Authorizing and Directing Banks and Financial Institutions to Honor and Process Checks and Transfers; (III) Authorizing Continued Use and Satisfaction of Intercompany Transactions; (IV) Authorizing the Debtors’ Use of Existing Bank Accounts and Existing Business Forms; (V) Granting Adequate Protection; and (VI) Granting Related Relief [Docket No. 465].

Examples of Administrative Expense Account in a sentence

• On the Effective Date, the Debtors shall establish the Professional Fee Escrow and transfer an amount equal to the Professional Fee Escrow Amount, which funds shall come first from the Administrative Expense Account and then, solely to the extent the Administrative Expense Account does not otherwise contain sufficient funds, from the Debtors’ general funds available as of the Effective Date.

• At the Effective Time, Purchaser shall pay, or, to the extent the Surviving Corporation has sufficient immediately available funds at such time, instruct the Surviving Corporation to pay, to an account specified by the Company (on behalf of the Equityholders’ Representative) at least three (3) Business Days prior to the Closing Date for the Administrative Expense Account, by wire transfer of immediately available funds, an amount in cash equal to the Administrative Expense Amount.

• At such time and from time to time that the Equityholders’ Representative determines in its discretion that a portion of the Administrative Expense Amount will not be required for the payment of such fees, expenses or costs, the Equityholders’ Representative shall distribute to the Equityholders, in accordance with each such Equityholder’s Percentage Share, such applicable amounts from the Administrative Expense Account.

• Any fees and expenses of the Accounting Firm payable by the Equityholders pursuant to this Section 3.04(d) shall be paid from the Administrative Expense Account.

• The Stockholder Representative shall instruct the Escrow Agent to report and withhold any Taxes as they determine may be required by any Law in effect at the time of any distribution or otherwise from the Administrative Expense Account.

More Definitions of Administrative Expense Account

Administrative Expense Account means the account maintained by the Equityholders’ Representative into which the payment required by Section 3.04(e)(ii) shall be made.

Administrative Expense Account means the account by that name created and established in the Special Tax Fund pursuant to Section 3.1 hereof.

Administrative Expense Account means the account by that name established in

Administrative Expense Account means the account by that name established in the Debt Service Fund in accordance with Section 4.02(d) hereof.

Administrative Expense Account means the account of that name created in the Bond Fund in Section 17.

Administrative Expense Account means the account of that name established within the Lease Obligation Payment Fund pursuant to Section 4.05 hereof.

Administrative Expense Account means an amount up of up to $100,000, to be funded after Closing by Parent or the Surviving NewCo to the Shareholder Representative, upon request therefore by the Shareholder Representative, to pay any Administrative Costs incurred or to be incurred by the Shareholder Representative in its role as Shareholder Representative pursuant to Section 8.16.