Expenses and Trustee Compensation Sample Clauses

Expenses and Trustee Compensation. The Trustee shall be entitled to reasonable compensation for its services and shall be reimbursed for all reasonable expenses incurred by it in performing its duties hereunder, including, but not limited to, legal and accounting expenses. Such compensation is set forth in a separate schedule. Such schedule may be modified from time to time as agreed to by the Committee (or Compensation Committee of the Board, if applicable) and the Trustee. All such compensation and expenses shall be paid to the Trustee by the Grantor; provided, however, that such compensation and expenses shall constitute a charge upon this Trust, and may be withdrawn by the Trustee from this Trust upon prior written notice to the Grantor if not otherwise paid. Any costs or expenses that are chargeable to this Trust but which for administrative convenience and efficiency are paid or incurred by the Grantor shall be fully reimbursed by this Trust to the Grantor upon presentation to the Trustee of an accounting of such costs and expenses, including any costs and expenses incurred by the Committee or any employees in connection with administrative activities relating to the Plan. In all cases the Trustee shall be entitled to rely upon the Grantor's statement and directions concerning the payment of any such administration expenses and shall be fully protected in making such payments pursuant to the directions of the Committee.
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Expenses and Trustee Compensation. 21 ARTICLE VI -- AVAILABILITY OF TRUST FUND .................................. 21 6.1 Trust Irrevocable; Amendments .................................... 21 6.2 Participants' Rights to Trust Assets ............................. 22 6.3
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Expenses and Trustee Compensation. Trustee shall be entitled to reasonable compensation for its services and shall be reimbursed for all reasonable expenses incurred by it in performing its duties hereunder including, but not limited to, legal and accounting expenses. Such compensation is set forth in a separate schedule. Such schedule may be modified from time to time as agreed by Employer and Trustee. All such compensation and expenses shall be paid to Trustee by Employer; provided, however, that such compensation and expenses shall constitute a charge upon the Trust, and may be withdrawn by Trustee from the Trust upon prior written notice to Employer if not otherwise paid. Any costs or expenses that are chargeable to the Trust but which, for administrative convenience and efficiency, are paid or incurred by Employer shall be fully reimbursed by the Trust to Employer upon presentation to Trustee of an accounting of such costs and expenses, including any costs and expenses incurred by the Vice-President or other employees in connection with Plan administrative activities. In all cases Trustee shall be entitled to rely upon Employer’s statements and directions concerning the payment of any such Plan administration expenses and shall be fully protected in making such payments pursuant to the directions of Employer.
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Related to Expenses and Trustee Compensation

  • Trustee Compensation The Trustees as such shall be entitled to reasonable compensation from the Trust. They may fix the amount of their compensation. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, administrative, legal, accounting, investment banking, underwriting, brokerage, or investment dealer or other services and the payment for the same by the Trust.

  • Expenses and Compensation Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.45% of the average daily net assets of the Account.

  • The Owner Trustee’s Compensation Compensation for all services rendered by Wilmington Trust under this Agreement (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) shall be paid to Wilmington Trust pursuant to Section 4.4(a) of the Sale and Servicing Agreement or Section 5.4(b) of the Indenture, as applicable (in either case to the extent of Available Funds available therefor), in accordance with the terms of an applicable fee letter. Wilmington Trust shall, upon its request and in accordance with an applicable fee letter, be reimbursed pursuant to Section 4.4(a) of the Sale and Servicing Agreement or Section 5.4(b) of the Indenture, as applicable (in either case to the extent of Available Funds available therefor), for all reasonable expenses, disbursements and advances incurred or made by Wilmington Trust in accordance with any provision of this Agreement (including the reasonable compensation, expenses and disbursements of such agents, experts and counsel as Wilmington Trust may employ in connection with the exercise, enforcement and performance of its rights and its duties hereunder or amendments or modifications hereto, including but not limited to expenses related to Sections 4.3 and 5.3 hereof), except any such expense that may be attributable to its willful misconduct, gross negligence (other than an error in judgment) or bad faith. To the extent not paid in full from Available Funds pursuant to Section 4.4 of the Sale and Servicing Agreement or Section 5.4(b) of the Indenture, as applicable (whether by application of the limitation set forth in Section 4.4(a) of the Sale and Servicing Agreement or otherwise), on or before the Payment Date following the end of the Collection Period that includes the 30th day after the request therefor, such fees and reasonable expenses shall be paid by the Servicer pursuant to Section 3.11 of the Sale and Servicing Agreement (without regard to such limitation). The provisions of this Section 8.1 shall survive the termination of this Agreement and the resignation or removal of the Owner Trustee.

  • Payment of Trust Expenses and Compensation of Trustees The Trustees are authorized to pay or to cause to be paid out of the principal or income of the Trust, or partly out of principal and partly out of income, and to charge or allocate the same to, between or among such one or more of the Series and Classes that may be established and designated pursuant to Article IV, as the Trustees deem fair, all expenses, fees, charges, taxes and liabilities incurred or arising in connection with the Trust, or in connection with the management thereof, including, but not limited to, the Trustees' compensation and such expenses and charges for the services of the Trust's officers, employees, investment adviser, administrator, distributor, principal underwriter, auditor, counsel, depository, custodian, transfer agent, dividend disbursing agent, accounting agent, Shareholder servicing agent, and such other agents, consultants, and independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur. Without limiting the generality of any other provision hereof, the Trustees shall be entitled to reasonable compensation from the Trust for their services as Trustees and may fix the amount of such compensation.

  • Trustee’s Compensation The Trustee shall be entitled to the compensation set forth in the letter agreement between the Purchasers and the Trustee dated as of September 18, 2018, as may be amended from time to time.