Common use of Fees of the Trustee Clause in Contracts

Fees of the Trustee. As consideration for its services hereunder, the Trustee shall be entitled to receive the fees (including VAT) agreed in writing with the Manager from time to time. The Trustee’s fees shall constitute Issuance Expenses or Trust Expenses, as applicable. In the event the Trustee has not received the amounts corresponding to its fees within 30 (thirty) days following the date in which it issued its invoice, the Trustee shall be authorized to use the amounts held in the Trust Estate to pay its outstanding fees.

Appears in 4 contracts

Samples: Irrevocable Trust Agreement, Irrevocable Trust Agreement, Irrevocable Trust Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!