Compensation of the Trustees. The Sponsor agrees to pay the Property Trustee and the Delaware Trustee from time to time such compensation for all services rendered by the Property Trustee and the Delaware Trustee hereunder as may be mutually agreed upon in writing by the Sponsor and the Property Trustee or the Delaware Trustee, as the case may be, and, except as otherwise expressly provided herein, to reimburse the Property Trustee and the Delaware Trustee upon its or their request for all reasonable expenses, disbursements and advances incurred or made by the Property Trustee or the Delaware Trustee, as the case may be, in accordance with the provisions of this Trust Agreement, except any such expense, disbursement or advance as may be attributable to its or their negligence or bad faith.
Compensation of the Trustees. The Sponsor agrees:
(a) to pay to the Property Trustee and the Delaware Trustee from time to time compensation for all services rendered by them hereunder in such amounts as the Company, the Property Trustee and the Delaware Trustee shall agree from time to time;
(b) to reimburse the Property Trustee and the Delaware Trustee upon their request for all expenses, disbursements and advances incurred or made by the Property Trustee and Delaware Trustee in accordance with any provision of this Trust Agreement (including the costs of collection and the reasonable compensation and the expenses and disbursements of their counsel, accountants and experts), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith; and
(c) to indemnify the Property Trustee and Delaware Trustee and their officers, directors, employees and agents for, and to hold each harmless against, any loss, liability or expense (including the compensation and the expenses and disbursements of the Property its agents and counsel) incurred without negligence or bad faith, arising out of or in connection with the acceptance or administration of this trust or the performance of their respective duties hereunder, including but not limited to the costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. This Section 4.2 shall survive the termination of this Trust Agreement.
Compensation of the Trustees. (a) The Trustees shall serve without compensation. The Trustees and each of their agents shall be reimbursed by the owners of the Beneficial Shares ratably according to the respective number of Beneficial Shares then outstanding for all out-of-pocket expenses reasonably incurred by them in the performance of their respective duties under this Agreement.
(b) Nothing contained herein shall disqualify or incapacitate either Trustee from serving the Corporation or any of its subsidiaries as an officer, director or agent acting in any other capacity becoming a creditor of the Corporation or any such subsidiary, or in any other way dealing with or receiving compensation from the Corporation or any such subsidiary.
Compensation of the Trustees. The Debenture Issuer agrees to ----------- ---------------------------- pay the Property Trustee and the Delaware Trustee, from time to time, such compensation for all services rendered by the Property Trustee and the Delaware Trustee hereunder as may be mutually agreed upon in writing by the Debenture Issuer and the Property Trustee or the Delaware Trustee, as the case may be, and, except as otherwise expressly provided herein, to reimburse the Property Trustee and the Delaware Trustee upon its or their request for all reasonable expenses, disbursements and advances incurred or made by the Property Trustee or the Delaware Trustee, as the case may be, in accordance with the provisions of this Trust Agreement, except any such expense, disbursement or advance as may be attributable to its or their negligence or bad faith.
Compensation of the Trustees. The Trustees shall serve without compensation, however, the Trustees shall be reimbursed for all reasonable expenses incurred in the administration of this Trust. The Trustees shall maintain documentation and an itemization of all expenses incurred in the administration of this Trust, which shall be the basis of any reimbursement. The beneficiaries of the Trust reserve the right to inspect such documentation at reasonable times and places. All expenses incurred by the Trustees shall be submitted and paid monthly.
Compensation of the Trustees. (a) As compensation, the Liquidation Trustee shall be entitled to receive $ 400 per annumhour (or such other amount as agreed to from time to time by the Liquidation Trustee and the Liquidation Trust Board), payable in advance in quarterly installmentsmonthly, for the performance of services provided under and pursuant to this Declaration, and shall be reimbursed for all reasonable and documented expenses incurred in connection with the performance of its services hereunder.
(b) The Delaware Trustee shall be entitled to receive $ per annum, payable on [ ], and shall be reimbursed for all reasonable and documented expenses incurred in connection with the performance of its services hereunder.
Compensation of the Trustees. (a) As compensation, the SCC Litigation Trustee shall be entitled to 400 per annumhour (or such other amount as agreed to from time to time by the SCC Litigation Trustee and the SCC Litigation Trust Board), payable in advance in quarterly installmentsmonthly, for the performance of services provided under and pursuant to this Declaration, and shall be reimbursed for all reasonable and documented expenses incurred in connection with the performance of its services hereunder.
(b) The Delaware Trustee shall be entitled to receive $ per annum, payable on [ ], and shall be reimbursed for all reasonable and documented expenses incurred in connection with the performance of its services hereunder.
Compensation of the Trustees. The Sponsor agrees to pay the Property Trustee and the Delaware Trustee and their respective officers, directors, employees and agents (collectively the “Fiduciary Indemnified Persons”) from time to time such compensation for all services rendered by the Property Trustee and the Delaware Trustee hereunder as may be mutually agreed upon in writing by the Sponsor and the Property Trustee or the Delaware Trustee, as the case may be, and, except as otherwise expressly provided herein, to reimburse the Property Trustee and the Delaware Trustee upon its or their request for all reasonable expenses, disbursements and advances incurred or made by the Property Trustee or the Delaware Trustee, as the case may be, in accordance with the provisions of this Trust Agreement, except any such expense, disbursement or advance as may be attributable to its or their negligence or bad faith.
Compensation of the Trustees. The Trustees shall be entitled to compensation for their services hereunder and for their services as trustees of the Company, as they shall determine in good faith.
Compensation of the Trustees. The Trustees will receive ------------------------------- compensation from the Trust equal to the difference between the actual liabilities, expenses and costs of the Trust and 0.5 percent per quarter of the total amount on deposit, in the aggregate, during such quarter in the Trust's operational account, the Fund Expense Account, and the Fund Investor Account. If the liabilities, expenses and costs of the Trust, other than the compensation due to the Trustees, exceed 0.5 percent per quarter, the Trustees shall receive no compensation for that quarter. Any compensation payable to the Trustees will be paid only out of the Fund Expense Account and only to the extent that the Trust has Quarterly Income. The Chairman of the Board of Trustees shall determine the distribution of the Trustees' compensation among the Trustees. Notwithstanding anything herein contained to the contrary, the Trustees will not be entitled to any compensation from the Trust until all investors who have paid insurance premiums with respect to their Investor Shares have been reimbursed for all such insurance premiums out of the Quarterly Income. Any expenses of the Trust related to any offering of the Shares to investors under the Securities Act will be paid out of any compensation which may be due to the Trustees. The Investor Shares will not be charged with any such expenses. In the event that any such expenses are incurred and there is insufficient Trustees' compensation or no Trustees' compensation then due from which such expenses can be paid, the Shareholders of the Founders Shares will pay any such expenses.
