Expense Reserve definition

Expense Reserve has the meaning specified in Section 12.5.

Expense Reserve means a reserve to be established by the Debtor on the Effective Date to be utilized by the Plan Administrator in accordance with the Wind Down Budget to effectuate the liquidation and distribution of the remaining Assets hereunder in accordance with the Plan. The Expense Reserve shall include (i) the POCI Contribution, and (ii) the $50,000 authorized to be used pursuant to paragraph nine of the POCI Settlement.

Expense Reserve means the reserve established pursuant to Section 6.13 of the Plan.

Examples of Expense Reserve in a sentence

• AFGS will on the Closing Date, deposit into the Extraordinary Expense Reserve an amount equal to the Extraordinary Expense Reserve Required Amount on that day.

• Expense Reserve Account The Expense Reserve Account is not secured in favour of the Trustee (and neither the holders of the Bonds nor any other secured party has the benefit of it) and is a general reserve available to meet the general expenses of the Issuer.

• The costs and expenses of the Liquidation Trust, including the fees and expenses of the Liquidation Trustee and other professionals retained on behalf of the Liquidation Trust, shall be paid out of the Liquidation Trust Expense Reserve, subject to the terms of the Liquidation Trust Agreement.

• The payment of fees and expenses of the Liquidation Trustee and its professionals shall be made in the ordinary course of business from the Liquidation Trust Expense Reserve and shall not be subject to Bankruptcy Court approval.

• The Extraordinary Expense Loan is only repayable by the Issuer to AFGS after all Notes have been redeemed in full and, following the occurrence of an Event of Default and enforcement of the General Security Deed and application of the Extraordinary Expense Reserve as described below, in accordance with Section 11.18 (“Application of proceeds following an Event of Default and enforcement of the General Security Deed”).

More Definitions of Expense Reserve

Expense Reserve as defined in Section 2.8(c). “Extended Settlement Date”: as defined in Section 2.8(a).

Expense Reserve as defined in Section 2.8(c).

Expense Reserve means account number GE4766 established pursuant to Section 5.1(a) of the Indenture with the Securities Intermediary in the name of "State Street Bank and Trust Company, as Collateral Agent for the Scotia Pacific Company LLC Class X-0, X-0 xxx X-0 Noteholders and the Liquidity Providers--Expense Reserve," and all successor accounts thereto.

Expense Reserve means $[•]1.

Expense Reserve means that reserve created and held by the Liquidating Trustee to pay the expenses of the administration and property of the Liquidating Trust.

Expense Reserve means funds held by the Trustee to meet any Plan expenses, which may remain in the Plan and may be the subject of a further transfer to PIC in accordance with clause 7.1.

Expense Reserve means $25,000.