Common use of Payment of Expenses and Liabilities Clause in Contracts

Payment of Expenses and Liabilities. The Trustees shall pay from the Trust Assets all expenses and Liabilities of the Trust and of the Trust Assets, including, but not limited to, interest, penalties, taxes, assessments, and public charges of any kind or nature and the costs, charges, and expenses connected with or growing out of the execution or administration of the Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Trust Assets by the Trustees.

Payment of Expenses and Liabilities. The Trustees Trustee shall pay from the Trust Assets all Liabilities; all costs, charges, liabilities and expenses and Liabilities of the Trustee connected with the administration of the Trust and the Trust Assets, and such transferee liabilities which the Trustee may be obligated to pay as transferees of the Trust Retained Assets, including, but not limited to, interest, penalties, taxes, assessments, and public charges of any kind or nature and the costsnature, charges, and expenses connected with or growing out of the execution or administration of the Trust and such other payments and disbursements as are provided in this Agreement or which may be determined to be a proper charge against the Trust Assets by the TrusteesTrustee.