Common use of Fees and Expenses of the Trustee Clause in Contracts

Fees and Expenses of the Trustee. The Corporation agrees to pay to the Trustee reasonable compensation for all of the services rendered by it under this Agreement and shall reimburse the Trustee for all reasonable expenses and disbursements. Notwithstanding the foregoing, the Corporation shall have no obligation to compensate the Trustee or reimburse the Trustee for any expenses or disbursements paid, incurred or suffered by the Trustee: (a) in connection with any action taken by the Trustee pursuant to Section 3.2 if the Trustee has not delivered to the Corporation the certificate referred to in Section 3.2 in respect of that action; or (b) in any suit or litigation in which the Trustee is determined to have acted in bad faith or with negligence or misconduct. On all invoices issued by the Trustee for its services rendered hereunder which remain unpaid for a period of thirty days or more, interest at a rate per annum equal to the then current rate of interest charged by the Trustee to its corporate customers will be incurred, from thirty days after the issuance of the invoice until the date of payment.

Fees and Expenses of the Trustee. The Corporation Company agrees to pay to the Trustee reasonable compensation for all of the services rendered by it under this Agreement offered hereunder and shall reimburse the Trustee for all reasonable expenses and disbursementsdisbursements including those incurred pursuant to Section 3.1(b) herein. Notwithstanding the foregoing, the Corporation Company shall have no obligation to compensate the Trustee or reimburse the Trustee for any expenses or disbursements paid, incurred or suffered by the Trustee: (a) in connection with any action taken by the Trustee pursuant to Section 3.2 if the Trustee has not delivered to the Corporation Company the certificate referred to in Section 3.2 in respect of that action; or (b) in any suit or litigation in which the Trustee is determined to have acted in bad faith or with gross negligence or wilful misconduct. On all invoices issued by the Trustee for its services rendered hereunder which remain unpaid for a period of thirty 30 days or more, interest at a rate per annum equal to the then current rate of interest charged by the Trustee to its corporate customers will be incurred, from thirty 30 days after the issuance of the invoice until the date of payment.

Fees and Expenses of the Trustee. The Corporation Company agrees to pay to the Trustee reasonable compensation for all of the services rendered by it under this Agreement and shall reimburse the Trustee for all reasonable expenses and disbursements. Notwithstanding the foregoing, the Corporation Company shall have no obligation to compensate the Trustee or reimburse the Trustee for any expenses or disbursements paid, incurred or suffered by the Trustee: (a) in connection with any action taken by the Trustee pursuant to Section 3.2 if the Trustee has not delivered to the Corporation Company the certificate referred to in Section 3.2 in respect of that action; or (b) in any suit or litigation in which the Trustee is determined to have acted in bad faith or with negligence or misconduct. On all invoices issued by the Trustee for its services rendered hereunder which remain unpaid for a period of thirty days or more, interest at a rate per annum equal to the then current rate of interest charged by the Trustee to its corporate customers will be incurred, from thirty days after the issuance of the invoice until the date of payment.