Custodial Expenses definition

Custodial Expenses means reasonable out-of-pocket expenses of the Custodian incurred in connection with performance of the Custodian’s obligations and duties under the Custodial Agreement.
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Custodial Expenses means the out-of-pocket expenses to be paid to the Collateral Custodian under the Backup Servicer and Custodian Fee Letter.
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Custodial Expenses has the meaning set forth in Section 10.01.
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Examples of Custodial Expenses in a sentence

  • Sellers shall promptly reimburse Buyers for (a) fifty percent (50%) of all Custodial Expenses actually paid to the Custodian under the Custodial Side Letter Agreement, and (b) fifty percent (50%) of the Other Custodial Expenses actually paid to the applicable third party diligence firm up to a maximum of forty thousand dollars ($40,000), and Buyers shall promptly reimburse Sellers for fifty percent (50%) all ASI Expenses actually paid to ASI.

  • As compensation for its activities hereunder, the Collateral Custodian shall be entitled to a Custodial Fee and any unpaid Custodial Expenses to the extent of funds available therefor pursuant to the provision of Section 2.7. The Collateral Custodian’s entitlement to receive the Custodial Fee (other than due and unpaid Custodial Fees owed through such date) shall cease on the earlier to occur of: (i) its removal as Collateral Custodian or (ii) the termination of this Agreement.