Common use of Compensation and Expense Clause in Contracts

Compensation and Expense. (a) The Custodian acknowledges receipt on the date hereof of: (i) full compensation in advance for all services to be rendered by it hereunder during the term of this Agreement; and (ii) payment in advance for all expected expenses to be incurred by the Custodian in accordance with any provision of this Agreement (including the reasonable compensation and the expenses and disbursements of its agents and counsel during the term of this Agreement). (b) The Custodian acknowledges that the source of all payments referred to in subsection (a) above is a portion of the proceeds from the purchase by Holders of the Treasury Strips evidenced by Units and that all such amounts have been paid to the Custodian by the Representative.

Compensation and Expense. (a) The Custodian acknowledges receipt on the date hereof of: (i1) full compensation in advance for all services to be rendered by it hereunder during the term of this Agreement; and (ii2) payment in advance for all expected expenses to be incurred by the Custodian in accordance with any provision of this Agreement (including the reasonable compensation and the expenses and disbursements of its agents and counsel during the term of this Agreement). (b) The Custodian acknowledges that the source of all payments referred to in subsection (a) above is a portion of the proceeds from the purchase by Holders of the Treasury Strips evidenced by Units and that all such amounts have been paid to the Custodian by the RepresentativeRepresentatives.