Common use of Compensation of Trustee and Delaware Trustee Clause in Contracts

Compensation of Trustee and Delaware Trustee. As more particularly provided in the Trustee Fee Schedule attached hereto as Exhibit A, the Entity serving as the Trustee hereunder shall receive an annual fee of $180,000 as compensation for its services as the Trustee hereunder payable monthly in arrears, with the first payment due on May 15, 2018. The annual administrative fee of the Trustee will increase such that (i) such fee payable on the second, third and fourth anniversary dates of the date of this Agreement shall increase by 3% of the fee payable in respect of the immediately preceding year, (ii) such fee payable on the fifth and sixth anniversary dates of the date of this Agreement shall increase by 2% of the fee payable in respect of the immediately preceding year, (iii) such fee payable on the seventh through twentieth anniversary dates of the date of this Agreement shall increase by 1% of the fee payable in respect of the immediately preceding year and (iv) thereafter, the fee shall not be increased. The Entity serving as the Delaware Trustee hereunder shall receive an annual fee of $4,000 as compensation for its services as the Delaware Trustee hereunder. Entities serving as the Trustee or the Delaware Trustee hereunder shall be reimbursed for all actual expenditures made in connection with administration of the Trust, including those made on account of any unusual duties in connection with matters pertaining to the Trust and the reasonable compensation and expenses of their counsel, accountants or other skilled persons and of all other persons not regularly in their employ. Any unusual or extraordinary services rendered by the Entity serving as Trustee or by the Entity serving as Delaware Trustee in connection with the administration of the Trust shall be treated as trustee administrative services for purpose of computing the respective administrative fee to be paid to each Entity serving as trustee hereunder.

Compensation of Trustee and Delaware Trustee. As more particularly provided in the Trustee Fee Schedule attached hereto as Exhibit A, the Entity serving as the Trustee hereunder shall receive an annual fee of $180,000 as compensation for its services as the Trustee hereunder payable monthly in arrears, with the first payment due on May 15April 30, 2018. The annual administrative fee of the Trustee will increase such that (i) such fee payable on the second, third and fourth anniversary dates of the date of this Agreement shall increase by 3% of the fee payable in respect of the immediately preceding year, (ii) such fee payable on the fifth and sixth anniversary dates of the date of this Agreement shall increase by 2% of the fee payable in respect of the immediately preceding year, (iii) such fee payable on the seventh through twentieth anniversary dates of the date of this Agreement shall increase by 1% of the fee payable in respect of the immediately preceding year and (iv) thereafter, the fee shall not be increased. The Entity serving as the Delaware Trustee hereunder shall receive an annual fee of $4,000 as compensation for its services as the Delaware Trustee hereunder. Entities serving as the Trustee or the Delaware Trustee hereunder shall be reimbursed for all actual expenditures made in connection with administration of the Trust, including those made on account of any unusual duties in connection with matters pertaining to the Trust and the reasonable compensation and expenses of their counsel, accountants or other skilled persons and of all other persons not regularly in their employ. Any unusual or extraordinary services rendered by the Entity serving as Trustee or by the Entity serving as Delaware Trustee in connection with the administration of the Trust shall be treated as trustee administrative services for purpose of computing the respective administrative fee to be paid to each Entity serving as trustee hereunder.