Trustee's Compensation and Reimbursement Sample Clauses

Trustee's Compensation and Reimbursement. The Litigation Trustee shall receive compensation and reimbursement from the Litigation Trust as follows:
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Trustee's Compensation and Reimbursement. The Trustee shall be entitled to receive, on each Distribution Date, the Trustee Fee for such Distribution Date, pursuant to Section 6.01, as compensation for all services rendered by it in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee. Upon the resignation or removal of the Trustee, the Trustee shall only be entitled to its Trustee Fees accrued up to the time of such resignation or removal and shall thereafter not be entitled to any additional Trustee Fees. Notwithstanding anything to the contrary in this Agreement, the provisions of this Section shall survive the termination or assignment of this Agreement and the resignation or removal of the Trustee herein. The Trust Fund agrees to indemnify the Trustee and each of its directors, officers, employee and agents for, and to hold them harmless against, any loss, liability or expense incurred without negligence or bad faith on their part, arising out of, or in connection with, the acceptance or administration of this trust, including the costs and expenses of defending themselves against any claim in connection with the exercise or performance of any of their powers or duties hereunder; provided, however that unless a Certificate Insurer Default exists, the Trustee shall notify the Certificate Insurer of such legal action (provided that the failure to notify the Certificate Insurer shall not waive the rights of the Trustee to indemnification) and such indemnification of the Trustee out of the Distribution Account and in accord with the provisions set forth in Section 6.01 shall be preconditioned on the Trustee's duty (i) to allow the Certificate Insurer to control the defense or settlement of any such action and (ii) to allow the Certificate Insurer to direct the Trustee with respect thereto; provided, further, that (a) if the Certificate Insurer does not assume control of the defense of any such action within a reasonable period of time after the filing of such action, the Trustee shall have the right to act on its own in defending the action until such time as the Certificate Insurer assumes control of the defense, (b) the Trustee along with the Certificate Insurer shall have the right to consent to any counsel hired to defend the Trustee (which consent of the Trustee shall not be unreasonably withheld) and (c) the Trustee along with the Certificate Insurer shall have the right to consent to any settlement if the amou...
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Trustee's Compensation and Reimbursement. (a) The Transferor and NAFCO jointly and severally agree:
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Trustee's Compensation and Reimbursement. In addition to reimbursement for the actual out-of-pocket expenses incurred, the Realization Trustee, and any employees or professionals engaged or retained by the Realization Trustee, shall be entitled to reasonable compensation for services rendered in connection with the preparation and implementation of the Plan. The terms of the Realization Trustee's compensation shall be based upon the terms set forth in Exhibit A unless modified in accordance with the terms hereof. With respect to any employees engaged and professionals retained, such compensation shall be in an amount and on such terms as may be agreed to by the Realization Trustee and such employees or professionals with the consent of the Realization Trust Monitoring Committee. Any dispute with respect to such compensation shall be resolved by agreement among the parties or, if the parties are unable to agree, as determined by the Bankruptcy Court.
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Trustee's Compensation and Reimbursement. The Creditor Trustee shall receive compensation from the Creditor Trust as follows:
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Trustee's Compensation and Reimbursement 
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Related to Trustee's Compensation and Reimbursement

  • Compensation and Reimbursement of Expenses The Trust hereby agrees to (i) compensate the Delaware Trustee in accordance with a separate fee agreement with the Delaware Trustee, (ii) reimburse the Delaware Trustee for all reasonable expenses (including reasonable fees and expenses of counsel and other experts) and (iii) indemnify, defend and hold harmless the Delaware Trustee and any of the officers, directors, employees and agents of the Delaware Trustee (the “Indemnified Persons”) from and against any and all losses, damages, liabilities, claims, actions, suits, costs, expenses, disbursements (including the reasonable fees and expenses of counsel), taxes and penalties of any kind and nature whatsoever (collectively, “Expenses”), to the extent that such Expenses arise out of or are imposed upon or asserted at any time against such Indemnified Persons with respect to the performance of any duties contemplated by this Declaration, the creation, operation or termination of the Trust or the transactions contemplated hereby; provided, however, that the Trust shall not be required to indemnify any Indemnified Person for any Expenses which are a result of the willful misconduct, bad faith or gross negligence of such Indemnified Person. To the fullest extent permitted by law, Expenses to be incurred by an Indemnified Person shall, from time to time, be advanced by, or on behalf of, the Trust prior to the final disposition of any matter upon receipt by the Trust of an undertaking by, or on behalf of, such Indemnified Person to repay such amount if it shall be determined that the Indemnified Person is not entitled to be indemnified under this Declaration.

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