Common use of The Trustees’ Fees and Expenses Clause in Contracts

The Trustees’ Fees and Expenses. The Transferor shall cause the Administrator to agree to pay to each Trustee pursuant to the Administration Agreement from time to time compensation for all services rendered by each Trustee under this Agreement pursuant to a fee letter between the Administrator and each Trustee, as applicable (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust). The Administrator, pursuant to the Administration Agreement and the fee letter between the Administrator and the Owner Trustee, shall reimburse each Trustee, as applicable, upon its request for all reasonable expenses, disbursements and advances incurred or made by such Trustee in accordance with any provision of this Agreement (including the reasonable compensation, expenses and disbursements of such agents and counsel as the Trustees may employ in connection with the exercise and performance of its rights and its duties hereunder), except any such expense that may be attributable to its willful misconduct, gross negligence or bad faith. To the extent not paid by the Administrator, such fees and reasonable expenses shall be paid in accordance with Sections 5.4 and 8.4 of the Indenture, as applicable.

The Trustees’ Fees and Expenses. The Transferor shall cause the Administrator to agree to pay to each Trustee pursuant to the Administration Agreement from time to time compensation for all services rendered by each Trustee under this Agreement pursuant to a fee letter between the Administrator and each Trustee, as applicable (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust). The Administrator, pursuant to the Administration Agreement and the fee letter between the Administrator and the Owner Trustee, shall reimburse each Trustee, as applicable, upon its request for all reasonable expenses, disbursements and advances incurred or made by such Trustee in accordance with any provision of this Agreement (including the reasonable compensation, expenses and disbursements of such agents and counsel as the Trustees may employ in connection with the exercise and performance of its rights and its duties hereunder), except any such expense that may be attributable to its willful misconduct, gross negligence or bad faith. To the extent not paid by the Administrator, such fees and reasonable expenses shall be paid in accordance with Sections 5.4 and 8.4 of the Indenture, as applicable.