Payment of Trustee Sample Clauses

Payment of Trustee. 2.3.1 Any Trustee may be paid such fees as may be agreed with the Sponsor.
Sample 1
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Payment of Trustee. The Trustee agrees to provide the services as Trustee hereunder for a fee of $500 per year plus reimbursement of all actual expenses. In addition, upon the occurrence of an Event of Default under this Agreement or the Security Documents, the Trustee shall receive a fee of $75 per hour for time incurred in rendering his duties hereunder.
Sample 1
Payment of Trustee s Fees, Except as paid out of the Construction Fund pursuant to Section 3.3 of this Agreement, the Company agrees to pay to or upon the order of the Trustee, (i) an amount equal to the fees of the Trustee, as Trustee, which will be payable on such dates as shall be mutually agreeable to the Trustee and the Company for the Ordinary Services of the Trustee rendered and its Ordinary Expenses incurred under the indenture, (ii) the reasonable fees, charges and expenses of the Trustee, as Bond Registrar and Paying Agent (including any charges imposed with respect to the transfer of registration or exchange of Bonds), and of Paying Agents on the Bonds for acting as Paying Agents as provided in the Indenture, as and when the same become due, and (iii) the reasonable fees, charges and expenses of the Trustee for Extraordinary Services rendered and Extraordinary Expenses incurred by it under the Indenture, as and when the same become due; provided that the Company may contest in good faith the necessity for any such Extraordinary Services and Extraordinary Expenses and the reasonableness of any such fees, charges or expenses after payment of the same (so long as such action shall not impair the agreements of the Company contained in this Section 5.4), and such contest or action shall not constitute a default or an Event of Default hereunder, If the Company should fail to make any of the payments required in this Section, the item or installment which the Company has failed to make shall continue as an obligation of the Company until the same shall have been fully paid, and the Company agrees to pay the same with interest thereon at the interest Rate for Advances until paid in full,
Sample 1
Payment of Trustee. Any Trustee including a director or officer of a corporate trustee may by agreement with the Principal Company be entitled to fees or remuneration for services as a trustee at such rate as shall be agreed between them. Unless such agreement stipulates that such fees or remuneration shall be paid by the Employers in addition to the contributions payable by them to the Plan or if the Employers breach any such stipulation, such Trustee including a director or officer of a corporate trustee shall be entitled to receive such fees or remuneration out of the Fund. Any Trustee or director, any firm of which such Trustee or director is a partner and any subsidiary or associated company of such Trustee or company in which such Trustee or director is interested (whether as an officer or shareholder) shall also be entitled to retain beneficially any brokerage, commission, fee or remuneration payable directly or indirectly to him, her or it.
Sample 1
Payment of Trustee. The Borrower shall pay compensation to the Trustee for its services pursuant to the Indenture and this Loan Agreement, which compensation shall be determined in accordance with the written fee schedule of the Trustee in effect as of the date of issuance of the Bonds, as amended from time to time by the written agreement of the Borrower or Trustee, or as of the date of appointment of any successor Trustee, and also all reasonable expenses, charges, legal and consulting fees and other disbursements and those of its attorneys, agents, affiliates and employees, incurred in and about the performance of its powers and duties as Trustee under the Indenture. The Trustee’s compensation shall not be limited by any provision of law regarding compensation of a trustee of an express trust.
Sample 1

Related to Payment of Trustee

  • Replacement of Trustee A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's acceptance of appointment as provided in this Section. The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if:

  • Appointment of Trustee The Depositor hereby appoints the Trustee as trustee of the Trust, effective as of the date hereof, to have all the rights, powers and duties set forth herein.

  • Duties of Trustee (a) If an Event of Default has occurred and is continuing, the Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

  • Rights of Trustee (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document.

  • Payment of Trust Expenses The Trustees are authorized to pay or to cause to be paid out of the principal or income of the Trust, or partly out of principal and partly out of income, and according to any allocation to a particular Series and Class made by them pursuant to Section 6.1(f) hereof, all expenses, fees, charges, taxes and liabilities incurred or arising in connection with the business and affairs of the Trust or in connection with the management thereof, including, but not limited to, the Trustees' compensation and such expenses and charges for the services of the Trust's officers, employees, Investment Adviser, Administrator, Distributor, Principal Underwriter, auditor, counsel, Custodian, Transfer Agent, Dividend Disbursing Agent, Accounting Agent, Shareholder Servicing Agent, and such other agents, consultants, and independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur.

  • Role of Trustee The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture.

  • Agents of Trustee The Issuer and the Agents acknowledge and agree that in the event of a Default or Event of Default, the Trustee may, by notice in writing to the Issuer and the Agents, require that the Agents act as agents of, and take instructions exclusively from, the Trustee. Prior to receiving such written notification from the Trustee, the Agents shall be the agents of the Issuer and need have no concern for the interests of the Holders.

  • Compensation of Trustee Any individual Trustee serving hereunder shall be entitled to: (Choose One) ☐ - No compensation whatsoever. ☐ - Be paid a reasonable fee from the Trust Estate based on the amount of time expended by such Trustee in carrying out his or her duties hereunder. Any corporate Trustee shall be entitled to be paid a fee based upon its fee schedule from time to time that is required to be published.

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