Common use of Compensation and Expenses of the Trustee Clause in Contracts

Compensation and Expenses of the Trustee. The Trustee shall be entitled to receive from the Trust reasonable compensation for its services hereunder as set forth in a separate fee agreement and shall be entitled to be reimbursed by the Trust for reasonable out-of-pocket expenses incurred by it in the performance of its duties hereunder, including without limitation, the reasonable compensation, out-of-pocket expenses and disbursements of counsel and such other agents as the Trustee may employ in connection with the exercise and performance of its rights and duties hereunder. As a security for any amounts owing the Trustee hereunder, the Trustee shall have a lien against the Trust Estate, which lien shall be prior to the rights of the Managing Owner or any other beneficial owner of the Trust.

Compensation and Expenses of the Trustee. The Trustee shall be entitled to receive from the Trust Managing Owner reasonable compensation for its services hereunder as set forth in a separate fee agreement and shall be entitled to be reimbursed by the Trust for reasonable out-of-pocket expenses incurred by it in the performance of its duties hereunder, including without limitation, the reasonable compensation, out-of-pocket expenses and disbursements of counsel and such other agents as the Trustee may employ in connection with the exercise and performance of its rights and duties hereunder. As a security for any amounts owing owed the Trustee hereunder, the Trustee shall have a lien against the Trust EstateEstate of each applicable Fund, which lien shall be prior to the rights of the Managing Owner or any other beneficial owner Beneficial Owner of the TrustTrust or any Fund.