Extraordinary Trust Expenses definition

Extraordinary Trust Expenses shall have the meaning specified in the Standard Terms.

Extraordinary Trust Expenses. Any and axx xxxxs, expenses or liabilities arising out of the establishment, existence or administration of the Trust, other than (i) Ordinary Expenses, and (ii) costs and expenses payable by a particular Certificateholder, the Trustee or the Depositor pursuant to this Trust Agreement.

Extraordinary Trust Expenses. Any and all costs, xxxxxxes or liabilities arising out of the establishment, existence or administration of the Trust, other than (i) Ordinary Expenses, and (ii) costs and expenses payable by a particular Certificateholder, the Trustee or the Depositor pursuant to this Trust Agreement. "Fed": The Federal Reserve Bank of New York.

Examples of Extraordinary Trust Expenses in a sentence

• With respect to any Series, Realized Losses and Extraordinary Trust Expenses, if any, shall be allocated on any Distribution Date in accordance with the Allocation Ratio, provided, however, that distributions pursuant to Section 3.04 shall be completed as the earliest practicable date.

• With respect to any Series of Certificates, the manner and priority of the allocation of Realized Losses, Administrative Fees, Eligible Expenses, Allowable Expense Amounts and Extraordinary Trust Expenses, if any, on any Distribution Date among the Classes, if any, of such Series shall be as set forth in the related Series Supplement.

• The Trustee, on behalf of the Unitholders, shall possess all right, title and interest in all funds on deposit from time to time in the Unit Account and in all proceeds thereof, subject to any security interest in the Trust Property granted in favor of the Swap Counterparty pursuant to the Swap Agreement and the obligation of the Trust to pay Extraordinary Trust Expenses.

• If Extraordinary Trust Expenses are not approved unanimously as set forth in clause (ii), such Extraordinary Trust Expenses shall not be an obligation of the Trust, and the Trustee shall not file any claim against the Trust therefor notwithstanding failure of Certificateholders to reimburse the Trustee.

• On each Distribution Date, before making the distributions referred to in Section 3.02 below, the Trustee shall withdraw from the Certificate Account the amount of any Extraordinary Trust Expenses with respect to such Distribution Date and distribute such amount to the appropriate parties.

More Definitions of Extraordinary Trust Expenses

Extraordinary Trust Expenses. All expenses, fees, costs and disbursements related to the Trust or incurred by the Trustee or its agents excluding the Trustee’s initial acceptance fees, exchange listing fees, expenses associated with scheduled SEC Commission filings and any indemnity claims against the Trustor.

Extraordinary Trust Expenses. Any taxes payable pursuant to Section 5.03, any fees or expenses payable to a successor Trustee pursuant to Section 6.09 or indemnity payments to which the Trustee is entitled pursuant to Section 6.05.

Extraordinary Trust Expenses means third party fees and other direct out of pocket expenses reasonably incurred by the Trustee on behalf of the Trust including, without limitation, (i) such expenses incurred in connection with legal, tax, or accounting advice relating to matters arising hereunder, the preparation and filing of any governmental or regulatory reports or tax documents on behalf of the Trust, and any expenses incurred in protecting or defending any action against the Trust, but (ii) excluding Trust Expenses.

Extraordinary Trust Expenses. Unless otherwise specified in the related Series Supplement, any and all costs, expenses or liabilities of the Trustee incurred on behalf of the Trust which [100%] of the Certificateholders have expressly consented to and which arise out of the establishment, existence or administration of the Trust, other than (i) Ordinary Expenses and (ii) costs and expenses payable by a particular Certificateholder, the Trustee or the Depositor pursuant to this Trust Agreement.

Extraordinary Trust Expenses means fees and expenses beyond those an investment company or trust would typically incur.

Extraordinary Trust Expenses. An amount equal to the sum of all unanticipated fees (all fees other than the Fixed Fees), charges and other costs, including without limitation indemnification amounts, costs of arbitration, costs incurred by the Trustee challenging any eminent domain proceedings (to the extent not paid by the Directing Holders or reimbursed by the related governmental entity) and costs incurred by the Trustee if the Trustee is required to engage an Independent Evaluator, payable or reimbursable to the Master Servicer and the Securities Administrator (in its various capacities under this Agreement) and the Trustee from the Trust under this Agreement and to the Custodian under the Custodial Agreement, subject (other than with respect to Servicing Transfer Costs, Master Servicing Transfer Costs and related termination expenses) to an aggregate maximum amount of $300,000 annually (per year from the Closing Date to the first anniversary of the Closing Date and each subsequent anniversary year thereafter), out of which amount the Trustee may only be reimbursed in an aggregate maximum amount of $125,000 annually (per year from the Closing Date to the first anniversary of the Closing Date and each subsequent anniversary year thereafter); provided, however, that if a claim is presented for an amount that, when combined with the amount of prior claims paid during that year, would exceed $300,000, or $125,000 in the case of a claim presented by the Trustee, then only a portion of such claim will be paid that will make the total amount paid during that year equal to $300,000, or $125,000 in the case of a claim presented by the Trustee, and the excess remaining unpaid, together with any additional claims received during that year, will be deferred until the following anniversary year and if the total amount of such deferred claims exceeds $300,000, or $125,000 in the case of a claim presented by the Trustee, then payment in such following anniversary year (and each subsequent anniversary year as may be needed until such deferred claims are paid in full) shall be apportioned among the Master Servicer, the Securities Administrator, the Custodian and the Trustee, in proportion to the aggregate amount of deferred claims submitted by such entity as of the last day of the prior year.

Extraordinary Trust Expenses. Unless otherwise specified in the related Series Supplement, any and all costs, expenses or liabilities arising out of the establishment, existence or administration of a Trust or matters related to Underlying TLG Debt Securities, other than Ordinary Expenses.