Common use of Administrative Expenses Clause in Contracts

Administrative Expenses. The Company shall pay, or cause to be paid, an amount equal to the reasonable fees and charges of the Trustee for services rendered as Trustee under the Indenture and its reasonable expenses incurred as Trustee under the Indenture, including reasonable fees and expenses of its counsel. The Trustee's right to receive its reasonable fees, charges and expenses hereunder shall be secured by a lien on moneys held by it in the Debt Service Fund and, upon an Event of Default hereunder, the Trustee shall have a right of payment prior to the payment of the owners of the Bonds as provided in Section 8.11 of the Indenture.

Administrative Expenses. The Company shall pay, or cause to be paid, an amount equal to the reasonable and documented fees and charges of the Trustee for services rendered as Trustee under the Indenture and its reasonable and documented expenses incurred as Trustee under the Indenture, including reasonable and documented fees and expenses of its counsel. The Trustee's right to receive its reasonable fees, charges and expenses hereunder shall be secured by a lien on moneys held by it in the Debt Service Fund and, upon an Event of Default hereunder, the Trustee shall have a right of payment prior to the payment of the owners of the Bonds as provided in Section 8.11 of the Indenture.