Common use of COMPENSATION AND INDEMNITY OF OWNER TRUSTEE Clause in Contracts

COMPENSATION AND INDEMNITY OF OWNER TRUSTEE. SECTION 8.1 Owner Trustee's Fees and Expenses. The Co-Trustees shall receive as compensation for their services hereunder such fees as have been separately agreed upon before the date hereof between the Depositor and the Co-Trustees, and the Co-Trustees shall be entitled to and reimbursed by the Depositor for their other reasonable expenses hereunder, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Co-Trustees may employ in connection with the exercise and performance of their rights and its duties hereunder. Such amounts shall be treated for tax purposes as having been contributed to the Trust by the Depositor and the tax deduction for such amounts shall be allocated to the Depositor.

Appears in 12 contracts

Samples: Trust Agreement (Ford Credit Auto Receivables Two L P), Trust Agreement (Ford Credit Auto Receivables Two LLC), Trust Agreement (Ford Credit Auto Receivables Two L P)

AutoNDA by SimpleDocs

COMPENSATION AND INDEMNITY OF OWNER TRUSTEE. SECTION 8.1 Owner Trustee's Fees and ExpensesExpenses . The Co-Trustees shall receive as compensation for their services hereunder such fees as have been separately agreed upon before the date hereof between the Depositor and the Co-Trustees, and the Co-Trustees shall be entitled to and reimbursed by the Depositor for their other reasonable expenses hereunder, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Co-Trustees may employ in connection with the exercise and performance of their rights and its duties hereunder. Such amounts shall be treated for tax purposes as having been contributed to the Trust by the Depositor and the tax deduction for such amounts shall be allocated to the Depositor.

Appears in 1 contract

Samples: Trust Agreement (Ford Credit Auto Receivables Two L P)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.