Common use of Compensation and Other Remuneration Clause in Contracts

Compensation and Other Remuneration. Except as specifically agreed in a Schedule attached to this Liquidating Trust and made a part hereof, a Trustee shall serve without compensation for its services as Trustee. However, any Trustee shall be entitled to receive, directly or indirectly, remuneration for services rendered to the Trust in any other capacity, including, without limitation, services as an agent or employee of the Trust, legal, accounting, or other professional services, or services as a transfer agent, underwriter, or otherwise. The Trustee shall be reimbursed for its reasonable expenses incurred in connection with its service as Trustee.

Appears in 6 contracts

Samples: Liquidating Trust Agreement (Global Resource CORP), Liquidating Trust Agreement (Global Resource CORP), Partial Liquidating Trust Agreement (Continan Communications, Inc.)

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