Examples of Enforcement Expenses in a sentence
You agree to indemnify us, on full indemnity basis, and pay us on demand any Enforcement Expenses incurred by us in connection with enforcing the terms of this Agreement.
On or before July 1 of each year during which Bonds are Outstanding, the Authority shall deliver an Officer’s Certificate to the Trustee estimating the Operating Expenses (and separately stating the Enforcement Expenses), the Tax Obligations that will be incurred or paid by the Authority during the next succeeding twelve-month period commencing on July 1.
The Officer’s Certificate may also set forth Operating Expenses (including Enforcement Expenses) that have already been incurred by the Authority but that have not yet been paid, provided that the Operating Cap shall nonetheless continue to apply to such amounts.
In the event that the Authority fails to deliver an Officer’s Certificate on or prior to any July 1, the Authority will be deemed to have delivered an Officer’s Certificate certifying that the amount of the Operating Expenses (including Enforcement Expenses) and the Tax Obligations for the next succeeding Fiscal Year will be the same as in the then-current Fiscal Year.
BIL shall pay a share of Enforcement Expenses pursuant to Section 4.7 of the Trust Agreement.