Common use of COMPENSATION OF OWNER TRUSTEE AND THE DELAWARE TRUSTEE Clause in Contracts

COMPENSATION OF OWNER TRUSTEE AND THE DELAWARE TRUSTEE. Section 8.01. Owner Trustee's and Delaware Trustee's Fees and Expenses. Each of the Owner Trustee and the Delaware Trustee shall receive as compensation for its services hereunder such fees as have been separately agreed upon before the date hereof between the Depositor and the Owner Trustee and the Delaware Trustee, respectively, and upon the formation of the Issuer, each of the Owner Trustee and the Delaware Trustee shall be entitled to be reimbursed by the Issuer for its other reasonable expenses hereunder, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as each of the Owner Trustee and the Delaware Trustee may employ in connection with the exercise and performance of its rights and its duties hereunder.

Appears in 4 contracts

Samples: Trust Agreement (Honda Auto Receivables 2007-1 Owner Trust), Trust Agreement (Honda Auto Receivables 2007-2 Owner Trust), Trust Agreement (American Honda Receivables 2006-1 Owner Trust)

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