Compensation of the Owner Trustee Sample Clauses

Compensation of the Owner Trustee. The Owner Trustee shall be entitled to receive as compensation for its services the amount of $_______ per annum, such amount to be payable: first, as provided in the Indenture; second, out of amounts on deposit in the Certificate Account that represent payments received in respect of the Mortgage Loans; and, third, to the extent not paid pursuant to either clause first or second of this sentence within 60 days of first becoming due, by the Certificateholders, on a joint and several basis.
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Compensation of the Owner Trustee. The Owner Trustee shall be entitled to receive as compensation for its services an initial fee in the amount of $4,000 and an annual administration fee of $6,750 payable by Delta Funding Corporation in November of each calendar year, beginning in November 2000 (the "Owner Trustee Fee") and such other fees and charges as agreed upon by the Owner Trustee and the Depositor pursuant to a separate fee agreement.
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Compensation of the Owner Trustee. Section 8.01
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Compensation of the Owner Trustee. The Owner Trustee shall be entitled to reasonable compensation from the Depositor for its services hereunder as shall be agreed upon in a separate agreement between the Depositor and the Owner Trustee. The Owner Trustee shall be reimbursed for all disbursements, expenses and advances incurred or made by it, including the reasonable compensation, disbursements and expenses of the Owner Trustee's agents and counsel.
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Compensation of the Owner Trustee. The Owner Trustee shall be entitled to receive as compensation for its services an initial fee and an annual administration fee payable in August of each calendar year beginning in 2004 (the “Owner Trustee Fee”) and such other fees and charges as agreed upon by the Owner Trustee and MortgageIT, Inc. pursuant to a separate fee agreement.
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Compensation of the Owner Trustee. The Owner Trustee shall be entitled to receive the Owner Trustee Fee [how paid] as compensation for its services. The Owner Trustee shall also be entitled to receive such additional fees as are set forth in a separate Fee Agreement with the Depositor.
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Compensation of the Owner Trustee 
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Related to Compensation of the Owner Trustee

  • The Owner Trustee’s Compensation The Depositor shall cause the Servicer to agree to pay to the Owner Trustee pursuant to Section 3.11 of the Servicing Agreement from time to time compensation for all services rendered by the Owner Trustee under this Agreement pursuant to a fee letter between the Servicer and the Owner Trustee (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust). The Servicer, pursuant to Section 3.11 of the Servicing Agreement and the fee letter between the Servicer and the Owner Trustee, shall reimburse the Owner Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Owner Trustee in accordance with any provision of this Agreement (including the reasonable compensation, expenses and disbursements of such agents, experts and counsel as the Owner Trustee may employ in connection with the exercise and performance of its rights and its duties hereunder), except any such expense as may be attributable to its willful misconduct, gross negligence (other than an error in judgment) or bad faith. To the extent not paid by the Servicer, such fees and reasonable expenses shall be paid by the Issuer in accordance with Sections 8.5 or 5.4(b) of the Indenture, as applicable.

  • Appointment of the Owner Trustee The Seller hereby appoints the Owner Trustee as trustee of the Issuer effective as of the date hereof, to have all the rights, powers and duties set forth herein.

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