Common use of Fee payable Clause in Contracts

Fee payable. (a) Subject to paragraph (b) below, Funding shall pay to the Cash Manager for its Cash Management Services hereunder a cash management fee which shall be agreed in writing between Funding, the Security Trustee and the Cash Manager from time to time. (b) Unless and until otherwise agreed by Funding and the Security Trustee in writing (notified to the Cash Manager), Funding shall be solely responsible for paying the cash management fee to the Cash Manager which is referred to in paragraph (a) above. (c) Without prejudice to paragraph (a) and (b) above, the parties to this Agreement hereby acknowledge and agree that no fee shall be payable by Funding to the Cash Manager in respect of any reporting services provided or obligations under Clauses 9.4, 9.5(a), 9.5(e) or paragraph (l) of Schedule 1.

Fee payable. ‌ (a) Subject to paragraph (b) below, Funding shall pay to the Cash Manager for its Cash Management Services hereunder a cash management fee which shall be agreed in writing between Funding, the Security Trustee and the Cash Manager from time to time. (b) Unless and until otherwise agreed by Funding and the Security Trustee in writing (notified to the Cash Manager), Funding shall be solely responsible for paying the cash management fee to the Cash Manager which is referred to in paragraph (a) above. (c) Without prejudice to paragraph (a) and (b) above, the parties to this Agreement hereby acknowledge and agree that no fee shall be payable by Funding to the Cash Manager in respect of any reporting services provided or obligations under Clauses 9.4, 9.5(a), 9.5(e) or paragraph (l) of Schedule 1.