Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement a fee separately agreed on by the Issuer and the Owner Trustee. The Issuer will reimburse the Owner Trustee for its reasonable expenses in performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s agents, counsel and advisors, but excluding expenses resulting from the Owner Trustee’s willful misconduct, bad faith or negligence (other than errors in judgment).
Appears in 27 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2022-A), Trust Agreement (Ford Credit Auto Owner Trust 2022-A), Trust Agreement (Ford Credit Auto Receivables Two LLC)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement a fee separately agreed on by the Issuer and the Owner TrusteeTrustee Fee. The Issuer will reimburse the Owner Trustee for its reasonable expenses in performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s agents, counsel and advisors, but excluding expenses resulting from the Owner Trustee’s willful misconduct, bad faith or gross negligence (other than errors in judgment). These amounts will be paid to the Owner Trustee as set forth in Section 8.2 of the Indenture.
Appears in 14 contracts
Samples: Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-B)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement a fee separately agreed on by the Issuer and the Owner Trustee. The Issuer will reimburse the Owner Trustee for its reasonable expenses in performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s 's agents, counsel and advisors, but excluding expenses resulting from the Owner Trustee’s 's willful misconduct, bad faith or negligence (other than errors in judgment).
Appears in 13 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2024-A), Trust Agreement (Ford Credit Auto Owner Trust 2024-A), Trust Agreement (Ford Credit Auto Owner Trust 2023-C)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement a fee separately agreed on by the Issuer and the Owner Trustee. The Issuer will reimburse the Owner Trustee for its reasonable expenses in performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s agents, counsel and advisors, but excluding expenses resulting from the Owner Trustee’s own willful misconduct, bad faith or negligence (other than errors in judgment).
Appears in 7 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2017-A), Trust Agreement (Ford Credit Auto Owner Trust 2017-A), Trust Agreement (Ford Credit Auto Owner Trust 2016-C)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement a fee separately agreed on by the Issuer and the Owner Trustee. The Issuer will reimburse the Owner Trustee for its reasonable expenses in performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s agents, counsel and advisors, but excluding expenses resulting from the Owner Trustee’s willful misconduct, bad faith or negligence (other than errors in judgment).'s
Appears in 6 contracts
Samples: Trust Agreement (Ford Credit Auto Owner Trust 2024-D), Trust Agreement (Ford Credit Auto Receivables Two LLC), Trust Agreement (Ford Credit Auto Owner Trust 2024-C)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations services under this Agreement a fee Agreement, the fees separately agreed on by the Issuer and the Owner Trustee. The Issuer will reimburse the Owner Trustee for its reasonable expenses incurred by the Owner Trustee in exercising its rights and powers and performing its obligations under this Agreement and the other Transaction DocumentsAgreement, including the reasonable fees and expenses of the Owner Trustee’s agents, counsel and advisors, but excluding expenses resulting from incurred by the Owner Trustee through the Owner Trustee’s own willful misconduct, bad faith or negligence (other than errors in judgment).
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Receivables Two LLC), Trust Agreement (Ford Credit Auto Receivables Two LLC)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement a fee separately agreed on by the Issuer and the Owner Trustee. The Issuer will reimburse the Owner Trustee for its reasonable expenses in performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s agents, counsel and advisors, but excluding expenses resulting from the Owner Trustee’s Trustee willful misconduct, bad faith or negligence (other than errors in judgment).
Appears in 2 contracts
Samples: Trust Agreement (CAB East LLC), Trust Agreement (CAB East LLC)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations under this Agreement a fee separately agreed on by the Issuer and the Owner TrusteeTrustee Fee. The Issuer will reimburse the Owner Trustee for its reasonable expenses in performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s 's agents, counsel and advisors, but excluding expenses resulting from the Owner Trustee’s 's willful misconduct, bad faith or gross negligence (other than errors in judgment). These amounts will be paid to the Owner Trustee as set forth in Section 8.2 of the Indenture.
Appears in 2 contracts
Samples: Trust Agreement (Verizon ABS LLC), Trust Agreement (Verizon ABS LLC)
Owner Trustee’s Fees and Expenses. The Issuer will pay the Owner Trustee as compensation for performing its obligations services under this Agreement a fee Agreement, the fees separately agreed on by the Issuer and the Owner Trustee. The Issuer will reimburse the Owner Trustee for its reasonable expenses incurred by the Owner Trustee in exercising its rights and powers and performing its obligations under this Agreement and the other Transaction Documents, including the reasonable fees and expenses of the Owner Trustee’s agents, counsel and advisors, but excluding expenses resulting from incurred by the Owner Trustee through the Owner Trustee’s own willful misconduct, bad faith or negligence (other than errors in judgment).
Appears in 2 contracts
Samples: Trust Agreement (Ford Credit Auto Receivables Two LLC), Trust Agreement (Ford Credit Auto Receivables Two LLC)