Excess Expense definition

Excess Expense. As defined in Section 2.15(b).
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Excess Expense has the meaning set forth in Section 2(c).
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Excess Expense means as of any date of determination, any Expenses due and owing that are in excess of the aggregate Expenses Cap, which remain unreimbursed after application of the applicable Expenses Cap in any calendar year, which will be reimbursable, subject to the applicable Expenses Cap, to the applicable party in subsequent years. Any Excess Expenses will be reimbursable to the Servicer, the Securities Administrator, the Custodian, the Asset Manager, the Seller, the Issuer, the Trustee and the Guarantor to the extent of funds available on each Distribution Date.
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Examples of Excess Expense in a sentence

  • Appendix B-1 Rating Class: Specified Amount Assumption: Table of Per $1,000 Maximum First Year Excess Expense Allowances * Values will be shown for all policy years for which the surrender charge at the end of the year is greater than zero.

  • Appendix A-1 RatingClass: Specified AmountAssumption: Table of Per $1,000 Maximum First Year Excess Expense Allowances ^ Refers to Joint Equal Issue Age or the additional columns that should be used to specify age/sex of each insured, as appropriate for the nonforfeiture compliance methodology used.* Values will be shown for all policy years for which the surrender charge at the end of the year is greater than zero.

  • Appendix B-1 RatingClass: Specified AmountAssumption: Table of Per $1,000 Maximum First Year Excess Expense Allowances IssueSNFL MaxExcess 1st Yr Expense * Values will be shown for all policy years for which the surrender charge at the end of the year is greater than zero.

  • It is the intention hereunder to estimate from time to time the amount of the Excess Expense for each Comparison Year and Tenant’s Proportionate Share thereof, and then to make an adjustment in the following year based on the actual Excess Expenses incurred for that Comparison Year.

  • Excess Expense Over Revenues for the month was a negative $316,000 versus budgeted loss of $39,000.

  • If such total exceeds Tenant's Proportionate Share of the actual Excess Expenses for such Lease Year, then Landlord shall credit against Tenant's next ensuing installment(s) of Excess Expense an amount equal to the difference until the credit is exhausted.

  • In the event of an Excess Expense Payment Event, or anUnderlying Securities Default of the type described solely in clause (i) of the definition thereof, the Notes shall not be accelerated unless directed by Holders of a majority of each Class of Notes in this Series voting separately.

  • Appendix B-1 RatingClass: Specified AmountAssumption: Table of Per $1,000 Maximum First Year Excess Expense Allowances * Values will be shown for all policy years for which the surrender charge at the end of the year is greater than zero.

  • The carryover of excess expenses potentially reimbursable to the Manager, but not recorded as a liability are as follows: Fund Recouped Expenses Excess Expense Carryover Expired Expense CarryoverExpiration of ReimbursedExpensesContinuous Capital Emerging Markets$ -$ 43,101$ –2021-2022Continuous Capital Emerging Markets-297,842–2022-2023Concentration of Ownership From time to time, the Fund may have a concentration of one or more accounts constituting a significant percentage of shares outstanding.

  • Excess Expense over Income – Deficit/LossThe excess of expenses over revenues is called the operating deficit or loss for the given period and is usually indicated with a minus sign or parenthesis in a report.


More Definitions of Excess Expense

Excess Expense shall have the meaning specified in Section 3.3.
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Excess Expense has the meaning set forth in Section 6.2(c)(ii) (Underpayments by Astellas).
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Related to Excess Expense

  • Class Expenses means expenses incurred by a particular Class in connection with a shareholder services arrangement or a distribution plan that is specific to such Class or any other differing share of expenses or differing fees, in each case pursuant to a plan adopted by the Trust pursuant to Rule 18f-3 under the 1940 Act, as such plan or Rule may be amended from time to time;

  • Rent Expense means for any fiscal period, the total amount of rents and other charges payable during such period by the Credit Parties and their respective Subsidiaries under all Real Estate Leases to which they are a lessee, all as determined on a consolidated basis in accordance with GAAP.

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Covered Expense means expense incurred only for the following:

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • Rental Expense means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, total rental expense as calculated in accordance with GAAP.

  • Expense Fee As to each Mortgage Loan and any Distribution Date, the product of the Expense Fee Rate and its Stated Principal Balance as of that Distribution Date.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Lease Expense means, with respect to any Person, for any period for such Person and its subsidiaries on a Consolidated basis, lease and rental expense accrued during such period under all leases and rental agreements, other than Capital Leases and leases of personal property, determined in conformity with GAAP.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • Consolidated Rent Expense means, for any period, the total rent expense with respect to real and personal property of the Borrower for such period, as determined on a Consolidated basis and as reported in its financial statements.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Overage means the total number of shares of Common Stock issued in connection with the Subject Transactions above the Share Allowance.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Consolidated Rental Expense means, for any period, the total rental expense for operating leases of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis for such period; provided that Consolidated Rental Expense shall not be reduced by any rental income.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Eligible Expense means the lesser of the reasonable, customary, usual, fair market value charge for a covered service or the provider's actual charge.