Common use of Costs for replacement trustee and retirement Clause in Contracts

Costs for replacement trustee and retirement. (a) Where the Trustee retires under clause 15.1 or clause 15.3, the retiring Trustee is personally liable for all costs and expenses connected with the replacement of it, including negotiating and executing any legal documents to effect the replacement as contemplated under this clause 15, but for the avoidance of doubt the costs and expenses for which the retiring Trustee is personally liable do not include any difference between the costs of that replacement trustee and the retiring Trustee to operate, manage and administer the Trust.