Common use of Appointment of Recordkeeper Clause in Contracts

Appointment of Recordkeeper. The Recordkeeper shall keep the records provided in Section 13.2 and otherwise carry out the duties of the Recordkeeper in this Trust Agreement. It is recognized that the Trustee shall have no responsibility hereunder for any duty assigned to the Recordkeeper hereunder, or its performance thereof. The Company shall pay the fees and expenses of the Recordkeeper directly. After a Change of Control, the Trustee is authorized and directed to pay the fees and expenses of the Recordkeeper from the Legal Defense Fund, to the extent any invoice to the Company for such amounts shall remain unpaid for 30 days.

Appears in 4 contracts

Samples: Trust Agreement (Sunoco Inc), Deferred Compensation and Benefits Trust Agreement (Sunoco Inc), Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

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