Common use of Payment of Professional Fees and Expenses Clause in Contracts

Payment of Professional Fees and Expenses. Any dispute or contest in which the Settlors’ intent or interpretation of this Agreement is in issue, and professional advisors, including the advisors involved in the preparation and administration of this Agreement, are required to become involved in any manner in any such dispute or contest, the Trustee shall pay on invoice the fees and costs of such professionals for the time expended by them and their staffs, at the then-current hourly rate for their professional and staff services, and the reasonable costs and expenses incurred by them in connection with their involvement in the dispute or contest.

Payment of Professional Fees and Expenses. Any dispute or contest in which the Settlors’ Settlor’s intent or interpretation of this Agreement is in issue, and professional advisors, including the advisors involved in the preparation and administration of this Agreement, are required to become involved in any manner in any such dispute or contest, the Trustee shall pay on invoice the fees and costs of such professionals for the time expended by them and their staffs, at the then-current hourly rate for their professional and staff services, and the reasonable costs and expenses incurred by them in connection with their involvement in the dispute or contest.