Expenses of Administration. Expenses incurred by the Employer, the Named Administrative Fiduciary, the Named Investment Fiduciary, any Investment Manager designated pursuant to Section 5.02 or any other persons designated to act on behalf of the Employer, the Named Administrative Fiduciary or the Named Investment Fiduciary, including reimbursement for expenses incurred in the performance of their respective duties, shall be the obligation of the Employer or other person specified in the Plan. Such expenses, however, may be paid from the Trust Fund upon the written direction to the Trustee of the Named Administrative Fiduciary.
Expenses of Administration. Each state and federal member of the administration shall receive such compensation and such reimbursement for travel and subsistence as are provided by the government he represents, and he shall be paid by that government.
Expenses of Administration. Expenses incurred by the Employer of Plan Administrator, Investment Managers, or other persons designated to act on behalf of the Employer or Plan Administrator, shall be the obligation of the Employer. However, such expenses may be paid from the Trust Fund upon the written request of the Employer.
Expenses of Administration. 3 4.08 Restrictions on Alienation.................... 3 4.09
Expenses of Administration. All reasonable expenses of administering the Trust, including any investment counsel fees incurred by the Trust, and any expenses directly related to particular transactions involving purchases or sales of property by the Trust or the production or collection of income, such as transfer taxes, brokers’ commissions, etc., shall be paid by the Trustee out of the assets of the Trust.
Expenses of Administration. Annually, the Executive Committee or the Board shall approve administrative expenses incurred for administration of the Trust Account and legal services related thereto and shall approve its budget.
Expenses of Administration. Expenses incurred by the Sponsor, Administrative Fiduciary, Investment Fiduciary, any Investment Manager designated pursuant to Section 4.02, or any other persons designated to act on behalf of the Sponsor, Administrative Fiduciary or Investment Fiduciary, including reimbursement for expenses incurred in the performance of their respective duties shall be paid from the Trust unless paid directly by the Sponsor.
Expenses of Administration. TRG shall pay all costs and expenses of administering the Plan.
Expenses of Administration. The Trustee shall be paid such reasonable compensation as shall from time to time be agreed upon by the Company and the Trustee. Such compensation shall include any earnings on funds retained pursuant to Section 4.02(d)(19) hereof. Subject to the Plan Administrator’s approval, the Trustee may pay outside counsel, independent accountants, actuaries, and other outside persons engaged by it, such compensation and expenses as are reasonable and proper as expenses of administration of the Trust Fund. All such compensation and all expenses of administration of the Trust, and the Plan of which it is a part, including fees of outside counsel, independent accountants, and actuaries, shall be a charge against and may be withdrawn by the Trustee out of the Trust Fund. However, nothing herein shall prohibit the Company from paying such amounts if the Trust Fund is sufficient and the Company so elects. The Trustee may charge the Trust for the cost of all securities purchased or received against a payment and credit the Trust with the proceeds received from the securities sold or delivered against the payment. For any trades not settled immediately upon placement, the Trustee shall have the right to sell securities from the Trust in a reasonably prudent fashion sufficient to recover any funds advanced. Expenses incurred by the Trustee that it believes to be subject to indemnification under Section 6.06 of this Trust Agreement shall be paid by the Company upon the Trustee’s request, provided that the Company may delay payment of any amount in dispute until such dispute is resolved according to the provisions of Article VII hereof. Such resolution may include the award of interest on unpaid amounts determined to be payable to the Trustee under this Section. The Trustee shall not be held liable for its use of Plan assets to the extent that the use of such assets is permitted by ERISA. In the event a successor Trustee is named pursuant to Section 10.02, prior to transferring assets to such successor, the Trustee is authorized to reserve such sum of money as it may deem advisable for payment of its fees and expenses in connection with the settlement of its accounts or other proper Trust expenses, and any balance of such reserve remaining after the payment of such fees and expenses shall be paid to the successor Trustee. If the Trust applies to a court for appointment of a successor Trustee, as permitted under Section 10.02, the Trustee shall be entitled to reasonable compens...
Expenses of Administration. When the Trustee and the Principal Paying Agent incurs expenses or renders services in connection with the performance of its obligations hereunder after an Event of Default has occurred, the expenses and compensation for such services are intended to constitute expenses of administration under applicable bankruptcy, insolvency or other similar United States federal or state law to the extent provided in Section 503(b)(5) of the Federal Bankruptcy Code.
