Common use of Evaluator's Compensation Clause in Contracts

Evaluator's Compensation. As compensation for its services hereunder, the Evaluator, with respect to each series, shall receive against a statement therefor submitted to the Trustee quarterly on or before each Quarterly Distribution Date from the Income Account to the extent funds are available and thereafter from the Principal Account the amount as set forth in the Summary of Essential Information in the Prospectus for each evaluation of the series, provided, however, that if at any time the fee of the Trustee shall have been increased pursuant to Section 6.04, the compensation of the Evaluator hereunder shall at the same time be ratably increased.

Appears in 4 contracts

Samples: Trust Indenture and Agreement (Government Securities Equity Trust Series 8), Trust Indenture and Agreement (Government Securities Equity Trust Series 12), Trust Indenture and Agreement (Government Securities Equity Trust Series 10)

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