Common use of Compensation, Fees and Expenses Clause in Contracts

Compensation, Fees and Expenses. To pay to the Trustee from time to time all out-of-pocket costs and expenses relating to this Deed and to the exercise of all rights resulting in favour of the Trustee from such Deed as well as all out-of-pocket costs and expenses incurred to set up the rights of the Trustee against third persons, and all discharge fees (such costs and expenses shall include all reasonable fees and expenses of consultants, agents or counsels retained by the Trustee); to reimburse the Trustee for all out-of-pocket costs and expenses incurred by it for the purpose of carrying out the Grantor's obligations or of exercising its rights, all such costs and expenses bearing interest at an annual rate equal to the base rate of National Bank of Canada which shall be in force from time to time, plus 3%; National Bank of Canada's base rate shall be the one advertised as its rate of reference for determining the interest rate on commercial loans in Dollars granted in Canada; the obligations arising from this paragraph shall not exceed twenty-five per cent (25%) of the nominal value of the Hypothec; the repayment of such costs and expenses shall be secured by the Hypothec.