Custodial Compensation definition

Custodial Compensation. The transactional fees or charges (exclusive of the trustee acceptance fee and annual administration fee) and reimbursement of out-of-pocket expense paid to or allowed the Custodian by the Securities Administrator pursuant to the Custodial Agreement or any applicable side letter.
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Custodial Compensation. The transactional fees or charges and reimbursement of out-of-pocket expenses paid to or allowed the Custodian pursuant to the Schedule of Fees for Services as Document Custodian attached hereto as Exhibit X. Custodian: The custodian appointed by the Trustee pursuant to the Custodial Agreement, and any successor thereto. The initial Custodian is Deutsche Bank National Trust Company. Cut-off Date: June 1, 2007.
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Custodial Compensation. The transactional fees or charges (exclusive of the custodian acceptance fee and annual administration fee) and reimbursement of out-of-pocket expenses paid to or allowed the Custodian pursuant to the Custodial Agreement or any applicable side letter.
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Examples of Custodial Compensation in a sentence

  • The Securities Administrator shall be entitled to any investment income and earnings on the Securities Administration Account (other than any amounts required to be deducted in respect of the Trustee Fee and the Custodial Compensation as provided in Section 4.05(f)).

  • All income and gain realized from any such investment for each Distribution Date shall be compensation (1) to the Trustee, in payment of its Trustee Fee, to the extent not paid when due in accordance with Section 6.12, (2) to the Custodian, in payment of its Custodial Compensation, to the extent not paid when due in accordance with Section 6.12 and (3) to the Securities Administrator, any income and gain remaining.

  • All income and gain realized from any such investment for each Distribution Date shall be compensation (1) to the Trustee, in payment of its Trustee Fee to the extent not paid by the Securities Administrator when due, (2) to the Custodian in payment of its Custodial Compensation to the extent not paid by the Securities Administrator when due and (3) to the Master Servicer, any income and gain remaining.

  • The Securities Administrator shall be entitled to the Master Servicing Fee (other than any amounts required to be deducted in respect of the Trustee Fee and Custodial Compensation as provided in Section 4.01).

  • The Custodian shall be entitled to the Custodial Compensation which shall be paid by the Securities Administrator as invoiced by the Custodian.

  • The Custodian shall be entitled to the Custodial Compensation provided for in the Custodial Agreement which shall be paid by the Securities Administrator as invoiced by the Custodian.

  • The Securities Administrator shall pay to the Trustee the Trustee Fee and the Custodian its Custodial Compensation on behalf of the Trust Fund and all income and gain realized from any such investments shall be subject to its withdrawal on order from time to time.

  • The Trustee shall be entitled to any investment income and earnings on the Certificate Account (other than any amounts required to be deducted in respect of the Custodial Compensation as provided in Section 4.04(c)).

  • The Securities Administrator shall pay to the Trustee the Trustee Fee and to the Custodian its Custodial Compensation on behalf of the Trust Fund and all income and gain realized from any such investments shall be subject to its withdrawal on order from time to time.

  • If either the Trustee Fee or the Custodial Compensation is not fully paid from (i) the Securities Administrator’s own funds or (ii) investment income and earnings on amounts on deposit in the Securities Administration Account, as applicable, then prior to any distribution to Certificateholders pursuant to Section 5.02 hereof, the Trust Fund shall immediately reimburse the Trustee, or the Custodian, as applicable, upon demand for any such shortfall from amounts on deposit in the Certificate Account.


More Definitions of Custodial Compensation

Custodial Compensation. The fees and expenses required to be paid to the Custodian by the Securities Administrator pursuant to the Custodial Agreement or any applicable side letter.
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Custodial Compensation. With respect to U.S. Bank National Association, Xxxxx Fargo Bank, N.A. and LaSalle Bank National Association, and in their respective capacities as a Custodian, the fees and expenses required to be paid by the Trustee as described in the applicable Custodial Agreement.
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Custodial Compensation. With respect to Deutsche Bank National Trust Company and Wxxxx Fargo Bank, N.A., in their respective capacities as a Custodian, the fees and expenses described in Section 6 of the applicable Custodial Agreement.
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Related to Custodial Compensation

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Master Servicing Compensation The meaning specified in Section 3.14.

  • Special Servicing Compensation With respect to any Serviced Mortgage Loan, Serviced Loan Combination or REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), any of the Special Servicing Fee, the Workout Fee, and the Liquidation Fee which shall be due to the Special Servicer.

  • Final compensation of a member means:

  • Servicing Compensation With respect to each Distribution Date, the sum of (i) the aggregate Servicing Fee for such Distribution Date subject to reduction as provided in Section 3.17, (ii) any Ancillary Income, (iii) Excess Proceeds for the preceding month and (iv) the Servicer Custodial Account Reinvestment Income for such Distribution Date.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Additional Special Servicing Compensation As defined in Section 3.11(d).

  • Additional Servicing Compensation means any servicing compensation (other than Servicing Fees, Special Servicing Fees, Workout Fees or Liquidation Fees) that any Servicer is entitled to retain under the Servicing Agreement.

  • Average final compensation means the average annual creditable compensation of a member during

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Eligible Compensation means (i) for eligible exempt employees, such employee’s base salary at the time the Bonus or Spot Bonus is determined (prorated for time in an eligible position), and (ii) for eligible non-exempt and non-union hourly employees, such employees’ eligible wages for the applicable year as determined by the Company to be required by law.

  • Available Master Servicer Compensation With respect to any Distribution Date, the sum of (a) the Master Servicing Fee for such Distribution Date, (b) interest earned through the business day preceding the applicable Distribution Date on any Prepayments in Full remitted to the Master Servicer and (c) the aggregate amount of Month End Interest remitted by the Servicers to the Master Servicer pursuant to the related Servicing Agreements.

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • 415 Compensation means:

  • Creditable compensation means the full compensation payable annually to an employee working

  • Societal benefits charge means a charge imposed by an electric

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Basic Compensation means Salary and Benefits.