Common use of Administrative Functions Clause in Contracts

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the fee of the Adviser; (b) the compensation and expenses of directors who are not "interested persons" of the Fund; (c) the fees and expenses of the custodian of the Fund's assets; (d) the fees and expenses of independent accountants for the Fund; (e) brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the fees of any trade association of which the Fund may be a member; (h) the cost of stock certificates representing shares of the Fund; (i) the fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.

Administrative Functions. The Adviser will administer (a) Subject to Section 20.2, Manager shall perform the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, following tasks in connection therewith, shall furnish with the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel Business (including certain of its officers and employees) for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fundcollectively, the Adviser will bear all of the following expenses:“Administrative Functions”): (i) (A) cause the salaries income and expenses of other tax returns for the Owner to be prepared and timely filed with the appropriate authorities, and (B) provide to Owner all personnel, except the fees information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Actfile all tax returns required to be filed by Owner; (ii) all assist Owner in structuring, negotiating, procuring and administering sources of financing, including debt financing on a secured, unsecured or structured basis and including identifying and arranging the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets (provided however that fees and expenses incurred of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager); (iii) maintain Owner’s financial books and records, prepare Owner’s financial statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangements; (iv) perform administrative and procedural services necessary to reserve and purchase Containers under the Adviser Container Purchase Agreement, including coordination and collection of funds among the shareholders of the Owner; (v) assist the Owner in connection with administering the Fund's business entering into and monitoring interest rate hedge agreements; and (vi) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting and legal services (other than those assumed by legal services which would be an Operating Expense) as the Fund herein; and The Fund assumes and will pay the following expenses, except Owner may require from time to the extent incurred time. Nothing contained in connection with the organization this Section 3.2(a) shall be construed as an obligation of the Fund: (a) the fee Manager to pay any overhead or other costs, expenses or liabilities of the Adviser;Owner from its own funds. (b) the compensation and expenses of directors who are not "interested persons" In consideration of the Fund; (c) the fees and expenses performance of the custodian of the Fund's assets; (d) the fees and expenses of independent accountants for the Fund; (e) brokerage commissions and securities transaction costs incurred by the FundAdministrative Functions under this Section 3.2, including any portion of such commissions attributable Manager shall be entitled to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the fees of any trade association of which the Fund may be a member; (h) the cost of stock certificates representing shares of the Fund; (i) the fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred receive an annual fee in the ordinary course amount of the Fund's business$100,000. Such fee shall be earned and payable monthly on a pro rata basis.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. The Fund delegates to the Adviser the authority to vote proxies of the companies whose securities are held in the Fund's portfolio. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the The salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all All expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the The fee of the Adviser; (b) the The compensation and expenses of directors who are not "interested persons" of the Fund; (c) the The fees and expenses of the custodian of the Fund's assets; (d) the The fees and expenses of independent accountants for the Fund; (e) brokerage Brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all All taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the The fees of any trade association of which the Fund may be a member; (h) the The cost of stock certificates representing shares of the Fund; (i) the The fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses Expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the The charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses Expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the The salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all All expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the The fee of the Adviser; (b) the The compensation and expenses of directors who are not "interested persons" of the Fund; (c) the The fees and expenses of the custodian of the Fund's assets; (d) the The fees and expenses of independent accountants for the Fund; (e) brokerage Brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all All taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the The fees of any trade association of which the Fund may be a member; (h) the The cost of stock certificates representing shares of the Fund; (i) the The fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses Expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the The charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses Expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. In connection with its Services hereunder, the Administrative Agent shall be responsible for, and agrees to perform punctually on behalf of and for the account of the Trust in accordance with this Agreement and the Programme Agreements, the continuous management and administration of the affairs day-to-day business of the Fund, the Adviser will bear all of Trust including the following expenses: (i) the salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fundmatters: (a) performing the fee duties of keeping accounts of the AdviserTrust and such books and records as are required or are consistent with good practice for the proper conduct of the Trust Activities and the computation of the net income and capital of the Trust; (b) the compensation preparing and expenses of directors who are not "interested persons" filing all annual returns and filings required to be made in respect of the Fundoperations of the Trust Activities, including all tax and securities laws reports required to be filed by the Trust; (c) defending any claims made against the fees Trust on such terms and expenses of conditions as it may in its sole discretion deem satisfactory or as it may be directed by the custodian of the Fund's assetsIssuer Trustee; (d) to the fees and expenses extent permitted by law, taking all such action as may reasonably be required to maintain the existence of independent accountants for the FundTrust; (e) brokerage commissions and securities transaction costs incurred by arranging for the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) retention of the Securities Exchange Act Trust’s auditors and the preparation of 1934, as amendedfinancial statements; (f) preparing or arranging for the preparation of all taxes forms and corporate fees payable materials required under applicable law, including all tax and securities laws reports, to be delivered by the Fund Trust to federalholders of Notes, state or other governmental agenciesand arranging for the delivery thereof; (g) taking all steps necessary to perfect, reperfect or maintain the fees validity of any trade association all security interests, charges or hypothecs relating to the purchase by the Trust of which a Series Ownership Interest or the Fund may be a memberpledge of the Trust’s assets under the Trust Indenture; (h) upon receipt of notice of or otherwise becoming aware of an Event of Default (as defined in the cost of stock certificates representing shares Trust Indenture), an Amortization Event (as defined in a Series Purchase Agreement) or a Servicer Termination Event, notifying the Issuer Trustee, the Indenture Trustee, the Custodian and the Rating Agencies of the Fundoccurrence of such Event of Default, Amortization Event or Servicer Termination Event; (i) providing such other advice and services as the fees and expenses involved Issuer Trustee may from time to time reasonably request or require in registering and maintaining registrations connection with the Trust Activities or this Agreement, including without limitation any activities of the Fund and its shares Trust in connection with the Securities and Exchange Commission (the "Commission"), and qualifying use of its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholderstrademark; (j) expenses promptly notifying the Issuer Trustee, the Indenture Trustee, the Custodian and the Rating Agencies if it is unable to perform any of stockholders' and directors' meetings and its duties under this Agreement or the performance by the Administrative Agent of preparing and printing proxy material and mailing reports its duties hereunder is no longer permissible under applicable law or one of the events referred to stockholdersin Section 5.03 has occurred; (k) paying from the charges and Distribution Accounts the expenses of outside legal counsel for the Fund, including legal services rendered Trust and the Annual Distribution Amount in connection accordance with the Fund's corporate existenceterms of the Declaration of Trust, corporate the Trust Indenture and financial structure and relations with its stockholders, registrations and qualifications the Programme Agreements; (l) taking such other actions as may be reasonably necessary to the accomplishment of securities and litigationthe duties of the Administrative Agent set forth in this Article Two; and (lm) expenses of any extraordinary nature (including litigation providing the clerical, administrative and indemnification expenses) which are not incurred in operational services necessary for the ordinary course proper management and administration of the Fund's businessTrust, including providing any office accommodation, equipment, facilities and personnel as may be required or desirable for the purpose of fulfilling the duties of the Administrative Agent.

Administrative Functions. The Adviser will administer the Fund's corporate affairs, subject to the overall supervision of the Board of Directors of the Fund and, in connection therewith, shall furnish the Fund with office space and all necessary office facilities, equipment and personnel, and shall provide all necessary executive and other personnel (including certain of its officers and employees) for managing the investments and affairs of the Fund. The Fund delegates to the Adviser the authority to vote proxies of the companies whose securities are held in the Fund's portfolio. In connection with its administration of the affairs of the Fund, the Adviser will bear all of the following expenses: (i) the The salaries and expenses of all personnel, except the fees and expenses of directors who are not "interested persons" of the Fund, as that term is defined in the 1940 Act; (ii) all All expenses incurred by the Adviser in connection with administering the Fund's business other than those assumed by the Fund herein; and The Fund assumes and will pay the following expenses, except to the extent incurred in connection with the organization of the Fund: (a) the The fee of the Adviser; (b) the The compensation and expenses of directors who are not "interested persons" of the Fund; (c) the The fees and expenses of the custodian of the Fund's assets; (d) the The fees and expenses of independent accountants for the Fund; (e) brokerage Brokerage commissions and securities transaction costs incurred by the Fund, including any portion of such commissions attributable to research and brokerage services as defined by Section 28(e) of the Securities Exchange Act of 1934, as amended; (f) all All taxes and corporate fees payable by the Fund to federal, state or other governmental agencies; (g) the The fees of any trade association of which the Fund may be a member; (h) the The cost of stock certificates representing shares of the Fund; (i) the The fees and expenses involved in registering and maintaining registrations of the Fund and its shares with the Securities and Exchange Commission (the "Commission"), and qualifying its shares under state securities laws, including the preparation and printing of the Fund's registration statements and updated prospectuses provided to current stockholders; (j) expenses of stockholders' and directors' meetings and of preparing and printing proxy material and mailing reports to stockholders; (k) the charges and expenses of outside legal counsel for the Fund, including legal services rendered in connection with the Fund's corporate existence, corporate and financial structure and relations with its stockholders, registrations and qualifications of securities and litigation; and (l) expenses of any extraordinary nature (including litigation and indemnification expenses) which are not incurred in the ordinary course of the Fund's business.