Common use of FEES AND REMUNERATION Clause in Contracts

FEES AND REMUNERATION. The Trustees shall be paid out of the funds of MSAF their reasonable traveling and other expenses (including reasonable fees and expenses of counsel and other experts) properly and necessarily expended by them in attending meetings of the Trustees or otherwise in the affairs of MSAF. The Independent Trustees shall each be paid by way of remuneration for their services a sum of $50,000 per annum which shall be deemed to accrue from day to day. The Delaware Trustee shall be paid such fee(s) as shall be agreed upon in a separate fee agreement to be entered into by the Delaware Trustee and MSAF.