Trustee Costs definition

Trustee Costs means the administrative and other costs incurred by the Trustee in connection with the performance of its financial administration services in support of the Trust Fund.
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Trustee Costs means, in relation to a Relevant Beneficiary:
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Examples of Trustee Costs in a sentence

  • In such event, the Trustee, after consultation with the Board, shall return any unused amount of compensation allocated for the Trustee Costs calculated on an actual basis.

  • Upon approval by the Board of any proposal for Trustee Costs, the Trustee may transfer for the Trustee, the respective amount approved, provided the amount transferred shall be subject to an end of year adjustment based on actual costs incurred.

Related to Trustee Costs

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and otherwise administering or carrying out the terms of the Settlement. Such costs may include, without limitation: escrow agent costs, the costs of publishing the summary notice, the costs of printing and mailing the Notice and Proof of Claim, as directed by the Court, and the costs of allocating and distributing the Net Settlement Fund to the Authorized Claimants. Such costs do not include legal fees.