COSTS AND EXPENSES OF THE ISSUER AND REMUNERATION, COSTS AND EXPENSES OF THE TRUSTEE. 8.8.1 As full reimbursement for any costs and expenses incurred by it in connection with its activities in respect of (i) a particular Series, the Issuer shall be entitled to utilise Secured Property in respect of each Series allocated to the Secured Creditors for the relevant Series to meet such costs and expenses attributable solely to a particular Series with respect to each Monthly Period, solely to the extent of Secured Property allocable with respect thereto as provided in this Deed and any MTN Supplement, on the related Distribution Date for such Series (each such cost and expense, a "SERIES ISSUER PAYMENT" (which shall include all sums due to the Trustee under Clause 8.8.2 to 8.8.6)) and, (ii) all Series, the Issuer shall be entitled to use Secured Property in respect of all Series allocated to the Secured Creditors for each Series to meet such costs and expenses attributable to all Series with respect to each Monthly Period, solely to the extent of Secured Property allocable with respect thereto as provided in this Deed and any MTN Supplement, on the related Distribution Date for each Series (the aggregate of costs and expenses payable on a Distribution Date for all Series, the "AGGREGATE ISSUER PAYMENT AMOUNT"). The amount of any reimbursement for its activities as Issuer will be determined in accordance with the relevant MTN Supplement for each Series. For the avoidance of any doubt, the amounts due to the Trustee under Clauses 8.8.2 to 8.8.5 shall be considered expenses of the Issuer and (i) will be allocated to a particular Series Issuer Payment with reference to the particular Series the Trustee is owed an amount in respect of, and (ii) will be exclusive of VAT thereon, if applicable and any such VAT will be payable in addition thereto.
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Samples: Management Agreement (Gracechurch Receivables Trustee LTD), Management Agreement (Barclaycard Funding PLC), Management Agreement (Barclaycard Funding PLC)
COSTS AND EXPENSES OF THE ISSUER AND REMUNERATION, COSTS AND EXPENSES OF THE TRUSTEE. 8.8.1 As full reimbursement for any costs and expenses incurred by it in connection with its activities in respect of (i) a particular Series, the Issuer shall be entitled to utilise Secured Property in respect of each Series allocated to the Secured Creditors for the relevant Series to meet such costs and expenses attributable solely to a particular Series with respect to each Monthly Period, solely to the extent of Secured Property allocable with respect thereto as provided in this Deed and any MTN Supplement, on the related Distribution Date for such Series (each such cost and expense, a "SERIES ISSUER PAYMENTSeries Issuer Payment" (which shall include all sums due to the Trustee under Clause 8.8.2 to 8.8.6)) and, (ii) all Series, the Issuer shall be entitled to use Secured Property in respect of all Series allocated to the Secured Creditors for each Series to meet such costs and expenses attributable to all Series with respect to each Monthly Period, solely to the extent of Secured Property allocable with respect thereto as provided in this Deed and any MTN Supplement, on the related Distribution Date for each Series (the aggregate of costs and expenses payable on a Distribution Date for all Series, the "AGGREGATE ISSUER PAYMENT AMOUNTAggregate Issuer Payment Amount"). The amount of any reimbursement for its activities as Issuer will be determined in accordance with the relevant MTN Supplement for each Series. For the avoidance of any doubt, the amounts due to the Trustee under Clauses 8.8.2 to 8.8.5 shall be considered expenses of the Issuer and (i) will be allocated to a particular Series Issuer Payment with reference to the particular Series the Trustee is owed an amount in respect of, and (ii) will be exclusive of VAT thereon, if applicable and any such VAT will be payable in addition thereto.
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Samples: Management Agreement (Gracechurch Receivables Trustee LTD)