Common use of REMUNERATION, COSTS AND EXPENSES Clause in Contracts

REMUNERATION, COSTS AND EXPENSES. 7.1 Until termination of this Agreement pursuant to Clause 11 (Termination), the Mortgages Trustee Corporate Services Provider shall be entitled to remuneration under this Agreement in accordance with the Corporate Services Fee Letter. 7.2 The remuneration payable pursuant to this Clause 7 shall be for the account of by the Mortgages Trustee and payable in accordance with the terms of the Corporate Services Fee Letter. 7.3 The Mortgages Trustee, the Note Trustee, the Funding 1 Security Trustee and the Issuer Security Trustee agree that the Mortgages Trustee Corporate Services Provider is not required to advance, expend or use its own funds or otherwise incur any liability on its own account in the provision of the Services. 7.4 The Mortgages Trustee Corporate Services Provider shall be reimbursed (in accordance with the Corporate Services Fee Letter) by the Mortgages Trustee on demand for all reasonable fees, disbursements, travelling and other out of pocket expenses properly incurred by it, its agents, employees and the Directors in the performance of their duties hereunder and all reasonable fees and disbursements (including, without limitation, those of a legal nature) incurred by it in the negotiation, preparation, execution and administration of this Agreement.

Appears in 3 contracts

Samples: Mortgages Trustee Corporate Services Agreement, Mortgages Trustee Corporate Services Agreement, Mortgages Trustee Corporate Services Agreement

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REMUNERATION, COSTS AND EXPENSES. 7.1 8.1 Until termination of this Agreement agreement pursuant to Clause 11 clause 14 (Termination), the Mortgages Trustee Intertrust Corporate Services Provider shall be entitled to remuneration under this Agreement agreement in accordance with the Intertrust Corporate Services Fee LetterLetter to be paid by the Issuer in accordance with Payment Priorities. 7.2 8.2 The remuneration payable pursuant to this Clause 7 clause 8 shall be for the account of borne by the Mortgages Trustee Issuer and payable in accordance with the terms of the Intertrust Corporate Services Fee Letter. 7.3 8.3 The Mortgages Issuer, Holdings, the Share Trustee, the Note Trustee, the Funding 1 Security Trustee Sellers and the Issuer Security Trustee agree that the Mortgages Trustee Intertrust Corporate Services Provider is not required to advance, expend or use its own funds or otherwise incur any liability on its own account in the provision of the Services. 7.4 8.4 The Mortgages Trustee Intertrust Corporate Services Provider shall be reimbursed (in accordance with the Intertrust Corporate Services Fee Letter) by the Mortgages Trustee Issuer on demand for all reasonable fees, disbursements, travelling and other out of pocket expenses properly incurred by it, its agents, employees and the Intertrust Directors in the performance of their duties hereunder and all reasonable fees and disbursements (including, without limitation, those of a legal nature) incurred by it in the negotiation, preparation, execution and administration of this Agreementagreement.

Appears in 1 contract

Samples: Corporate Services Agreement

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