Common use of Trustee Compensation and Reimbursement of Costs & Expenses Clause in Contracts

Trustee Compensation and Reimbursement of Costs & Expenses. The Company shall pay all administrative costs, and Trustee’s fees and expenses. If not so paid, the fees and expenses shall be paid from the Trust Corpus, first from the Legal Defense Fund and then, if necessary, from the Benefit Fund. The Trustee shall be entitled to fees for services and expenses as mutually agreed. The Company acknowledges that as part of the Trustee’s compensation, the Trustee may earn interest on balances including disbursement balances and balances arising from purchase and sale transactions. If the Trustee advances cash or securities to the Trust for any purpose set forth in this Trust Agreement, any property at any time held as part of the Trust Corpus shall be security therefor and the Trustee shall be entitled to collect from the Trust sufficient cash for reimbursement, and if such cash is insufficient, dispose of the assets of the Trust Corpus to the extent necessary to obtain reimbursement. To the extent the Trustee advances funds to the Trust for disbursements or to effect the settlement of purchase transactions, the Trustee shall be entitled to collect from the Trust reasonable charges established under the Trustee’s standard overdraft terms, conditions and procedures. After a Change in Control has occurred, the fees of the Trustee shall be determined by the application of the current rates then charged by the Trustee for the provision of the types of investment and Trustee services contemplated in this Trust Agreement to trusts of a similar character. The Trustee’s entitlement to reimbursement hereunder shall not be affected by the resignation or removal of the Trustee or the termination of the Trust.

Trustee Compensation and Reimbursement of Costs & Expenses. The Company shall pay all administrative costs, and Trustee’s fees and expenses. If not so paid, the fees and expenses shall be paid from the Trust Corpus, first from the Legal Defense Fund and then, if necessary, from the Benefit Fund. The Trustee shall be entitled to fees for services and expenses as mutually agreed. The Company acknowledges that as part of the Trustee’s compensation, the Trustee may earn interest on balances including disbursement balances and balances arising from purchase and sale transactions. If the Trustee advances cash or securities to the Trust for any purpose set forth in this Trust Agreement, any property at any time held as part of the Trust Corpus shall be security therefor and the Trustee shall be entitled to collect from the Trust sufficient cash for reimbursement, and if such cash is insufficient, dispose of the assets of the Trust Corpus to the extent necessary to obtain reimbursement. To the extent the Trustee advances funds to the Trust for disbursements or to effect the settlement of purchase transactions, the Trustee shall be entitled to collect from the Trust reasonable charges established under the Trustee’s standard overdraft terms, conditions and procedures. After a Change in Control has occurred, the fees of the Trustee shall be determined by the application of the current rates then charged by the Trustee for the provision of the types of investment and Trustee services contemplated in this Trust Agreement to trusts Trusts of a similar character. The Trustee’s entitlement to reimbursement hereunder shall not be affected by the resignation or removal of the Trustee or the termination of the Trust.