Trustee Compensation. Such compensation, if any, as set forth in the separate fee schedule between the Trustee and the Depositor, which compensation shall be payable to the Trustee on each Distribution Date pursuant to Section 8.05 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 of the Trustee hereunder.
Trustee Compensation. The amount payable to the Trustee on each Distribution Date pursuant to Section 8.05 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 of the Trustee hereunder.
Trustee Compensation. As defined in Section 9.05.
Examples of Trustee Compensation in a sentence
For purposes of calculating Basic Trustee Compensation for any calendar year, it shall be assumed that an Independent Trustee attended or will have attended all regular meetings during that calendar year.
The Maximum Benefit for an Independent Trustee under this Plan shall be equal to five times the amount of Basic Trustee Compensation paid or otherwise payable to an Independent Trustee during the entirety of the calendar year of the Independent Trustee’s retirement.
The retirement benefits payable to an individual Trustee Emeritus under this Plan was calculated based upon the Trustee Emeritus’ years of service immediately prior to his election of Trustee Emeritus status and based upon the Basic Trustee Compensation for the calendar year ending on or immediately prior to that election.
For purposes of calculating Basic Trustee Compensation for any calendar year, it shall be assumed that an Independent Trustee attended all regular meetings during that calendar year.
The Maximum Benefit for an Independent Trustee under this Plan shall be equal to five times the amount of Basic Trustee Compensation payable to an Independent Trustee during the calendar year ending on or immediately prior to the date of that Independent Trustee's retirement.
More Definitions of Trustee Compensation
Trustee Compensation. The Trustee Compensation shall be all income earned on amounts on deposit in the Distribution Account.
Trustee Compensation means compensation to which the Trustee is entitled as a retainer (whether payable in cash or Common Shares) or a fee for meetings as a member of the Board.
Trustee Compensation. Such compensation, if any, as set forth in Section 8.05 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 of the Trustee hereunder.
Trustee Compensation has the meaning specified in Section 312.
Trustee Compensation is deleted in its entirety and replaced with the following:
Trustee Compensation. The Trustee Compensation shall be one Business Day of income earned on amounts on deposit in the Distribution Account. The following is added as Section 3.12(d) of the Agreement: Upon receipt of written instructions from the majority Holder of the Class C Certificates or if the Class C Certificates have been pledged pursuant to an Indenture, the majority equity holder in such transaction (either such party, the “Class C Holder”), the Trustee shall invest the funds on deposit in the Distribution Account during the Float Period. Such instructions from the Class C Holder shall remain in force until the Trustee receives written instructions from the Class C Holder to cease investing such funds during the Float Period. All income and gain realized from the investment of funds deposited in the Distribution Account during the Float Period shall be included in Available Funds for the related Distribution Date. The Class C Holder shall deposit in the Distribution Account, from its own funds, the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in the Distribution Account during the Float Period immediately upon notification of such loss. The Trustee may at its discretion, and without liability, hold the funds in the Distribution Account after the Float Period uninvested.
Trustee Compensation means any fees payable to the Trustee in the performance of its duties as Trustee or otherwise in its various capacities as Agent under the Transaction Documents in accordance with, and in the amount specified in, the fee agreement made between the Trustee and the Issuer in respect of the Notes. RestrictionsSo long as any Notes remain outstanding, the Issuer and the Company will not (i) incur any other indebtedness for borrowed money other than with respect to the issue of other Series of Notes, (ii) engage in any business (other than the establishment of other Segregated Portfolios and the acquisition and holding of the Applicable Term Assets and other Portfolio Property with respect to each Segregated Portfolio, the entry into the Applicable Indenture, the Applicable Portfolio Management Agreement, the Applicable Swap Agreement, the Administration Agreement and certain other related and ancillary agreements, the issue and redemption of the Notes collateralized by the Portfolio Property, the exercise of all rights and powers incidental to the ownership of the Portfolio Property, the performance of its obligations under the foregoing agreements and instruments and matters incidental thereto), (iii) issue further shares, (iv) permit the transfer of shares to or for the benefit of U.S. persons, (v) declare any dividends, (vi) have any subsidiaries, (vii) merge with or be acquired by any other entity or give any guarantee or (viii) assume any other liability, except for its reasonable expenses incurred in the ordinary course of its business. Except in respect of the initial transaction fee received in connection with the issuance of any Series of Notes and any earnings on investment of its share capital, the Issuer will not accumulate any surpluses. PrincipalScheduled Maturity Date; Principal Payments Unless previously redeemed as a result of an Indenture Event of Default or Redemption Event as described in the Applicable Supplement, no payments of the Principal Balance of any Series of the Notes ("Principal Payments") will be made until the scheduled maturity date of the Notes specified in the Applicable Supplement (the "Scheduled Maturity Date").On the later of the Initial Principal Payment Date or the last day of the period of any Holdover (the "Final Principal Payment Date"), the aggregate Principal Balance of the Notes (after giving effect to the reduction of Principal Balance to be made in connection with Cash Settlement Amount or other loss payments, i...