COMPENSATION OF THE EVALUATOR Clause Samples

The "Compensation of the Evaluator" clause defines how and when the evaluator will be paid for their services under the agreement. It typically outlines the payment structure, such as hourly rates, flat fees, or milestone-based payments, and may specify reimbursement for expenses incurred during the evaluation process. This clause ensures that both parties have a clear understanding of the evaluator's remuneration, thereby preventing disputes over payment and clarifying financial expectations.
COMPENSATION OF THE EVALUATOR. As compensation for its services hereunder, the Evaluator shall receive against a statement therefor submitted to the Trustee on or before each Distribution Date the amount specified as compensation for the Evaluator in the Prospectus for each respective Trust Fund under the caption "Evaluator's Annual Fee per Unit" in the "Summary of Essential Financial Information." The rate of such compensation may be increased by the Evaluator from time to time, without the consent or approval of any Unitholder, the Trustee or the Depositor, by amounts not exceeding the proportionate increase, during the period from the date of such Trust Agreement to the date of any such increase, in consumer prices as last published prior to each such date under the classification "All Services Less Rent of Shelter" in the Consumer Price Index For All Urban Consumers (CPI-U) U.S. City Average, not seasonally adjusted, base 1982 - 84 = 100, published by the United States Department of Labor. In the event that such classification ceases to incorporate a significant number of items, or if a substantial change is made in the method of establishing such classification, then the classification shall be adjusted in a fair and reasonable manner to the figure that would have resulted had no substantial change occurred in the manner of computing such classification. In the event that such classification (or a successor or substitute index) is not available, such governmental or other service or publication as shall evaluate the information in substantially the same manner as the aforesaid classification shall be used in lieu thereof. Such compensation shall be charged by the Trustee, upon receipt of invoice therefor from the Evaluator, against the Interest and Principal Accounts on or before the Distribution Date. If the cash balances in the Interest and Principal Accounts shall be insufficient to provide for amounts payable pursuant to this Section 4.03, the Trustee shall have the power to sell (i) Bonds designated to be sold pursuant to Section 5.02 hereof or (ii) if no such Bonds have been so designated, such Securities as the Trustee may see fit to sell in its own discretion, and to apply the proceeds of any such sale in payment of the amounts payable pursuant to this Section 4.03. Any moneys payable to the Evaluator pursuant to this Section 4.03 shall be secured by a prior lien on the Trust Fund except that such lien shall be junior and subordinate to any lien in favor of the Trustee unde...
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  • Services and Compensation Consultant shall perform the services described in Exhibit A (the “Services”) for the Company (or its designee), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Compensation of the Manager For the services to be rendered by the Manager as provided in this Agreement, the Fund shall pay to the Manager a fee computed on the aggregate net asset value of the Portfolio as of the close of each business day and payable monthly at the annual rate of 0.20%. In the event that this Agreement is terminated at other than a month-end, the fee for such month shall be prorated, as applicable.

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