Common use of Compensation and Reimbursement of Trustee Clause in Contracts

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation, but it is expressly agreed that the Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, attorneys, and counsel as the Trustee may deem necessary and proper with respect to the Trustee carrying out any of the Trustee's anticipated activities or duties under this Agreement or interpreting or exercising any of the Trustee's powers under this Agreement. Any such expenses or charges incurred by and due to the Trustee that are paid by Company, where Company deems it appropriate to its interests, may be deducted pro rata in the discretion of the Trustee from the dividends or other moneys or property received by the Trustee on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate any of them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation, but it is expressly agreed that the Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, attorneys, and counsel as the Trustee may deem necessary and proper with respect to the Trustee carrying out any of the Trustee's anticipated activities or duties under this Agreement or interpreting or exercising any of the Trustee's powers under this Agreement. Any such expenses or charges incurred by and due to the Trustee that are paid by Company, where Company deems it appropriate to its interests, may be deducted pro rata in the discretion of the Trustee from the dividends or other moneys or property received by the Trustee on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor TrusteesTrustee, or incapacitate any of them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation, but it is expressly agreed that the Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, attorneys, attorneys and counsel as the Trustee may deem necessary and proper with respect to the Trustee carrying out any of the Trustee's anticipated activities or duties under this Agreement or interpreting or exercising any of the Trustee's powers under this Agreement. Any such expenses or charges incurred by and due to the Trustee that are paid by Company, where Company deems it appropriate to its interests, may be deducted pro rata in the discretion of the Trustee from the dividends or other moneys or property received by the Trustee on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate any of them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.

Compensation and Reimbursement of Trustee. The Trustee shall serve without compensation, compensation but it is expressly agreed that the Trustee shall have the right to incur and pay such reasonable expenses and charges, to employ and pay such agents, attorneys, and counsel as the Trustee may deem necessary and proper with respect to the Trustee carrying out any of the Trustee's anticipated activities or duties under this Agreement or interpreting or exercising any of the Trustee's powers under this AgreementAgreement to the extent permitted under the applicable terms of any then applicable investment advisory agreement between SERS and the Trustee. Any such expenses or charges incurred by and due to the Trustee that are paid by the Company, where the Company deems it appropriate to its interests, may be deducted pro rata in the discretion of the Trustee from the dividends or other moneys or property received by the Trustee on the stock deposited hereunder. Nothing herein contained shall disqualify the Trustee or successor Trustees, or incapacitate any of them from serving the Company or any of its subsidiaries as officer or director, or in any other capacity, and in any such capacity receiving compensation.