Common use of Owner Trustee Fees and Expenses Clause in Contracts

Owner Trustee Fees and Expenses. The Owner Trustee shall receive as compensation for its services hereunder the Owner Trustee Fee (beginning on the 13th Payment Date), and the Owner Trustee shall be reimbursed pursuant to Section 6.07 of the Indenture for its reasonable expenses hereunder and under the Basic Documents, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Owner Trustee may reasonably employ in connection with the exercise and performance of its rights and its duties hereunder and under the Basic Documents. Any amounts owing to the Owner Trustee hereunder in excess of such amounts shall be paid pursuant to a separate side agreement or as provided in Section 5.01 hereof.

Appears in 8 contracts

Samples: Trust Agreement (New Century Home Equity Loan Trust 2005-2), Trust Agreement (New Century Home Equity Loan Trust 2004-4), Trust Agreement (New Century Home Equity Loan Trust 2005-1)

AutoNDA by SimpleDocs

Owner Trustee Fees and Expenses. The Owner Trustee shall receive as compensation for its services hereunder the Owner Trustee Fee (beginning on the 13th Payment DateClosing Date in accordance with the definition of the Owner Trustee Fee), and the Owner Trustee shall be reimbursed pursuant to Section 6.07 of the Indenture for its reasonable expenses hereunder and under the Basic Documents, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Owner Trustee may reasonably employ in connection with the exercise and performance of its rights and its duties hereunder and under the Basic Documents. Any amounts owing to the Owner Trustee hereunder in excess of such amounts shall be paid pursuant to a separate side agreement or as provided in Section 5.01 hereof.

Appears in 7 contracts

Samples: Trust Agreement (New Century Home Equity Loan Trust 2006-2), Trust Agreement (Newcastle Mortgage Securities Trust 2006-1, Asset-Backed Notes, Series 2006-1), Trust Agreement (New Century Home Equity Loan Trust 2006-1)

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