Common use of Master Servicer to Pay Trustee's Fees and Expenses; Indemnification Clause in Contracts

Master Servicer to Pay Trustee's Fees and Expenses; Indemnification. The Master Servicer covenants and agrees to pay to the Trustee and any co-trustee on a monthly basis, and the Trustee and any co-trustee shall be entitled to, the Trustee Fee for all services rendered by each of them in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee and any co-trustee, and the Master Servicer will pay or reimburse the Trustee and any co-trustee upon request for all reasonable expenses, disbursements and advances incurred or made by the Trustee or any co-trustee in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ, and the expenses incurred by the Trustee or any co-trustee in connection with the appointment of an office or agency pursuant to Section 8.12) except any such expense, disbursement or advance as may arise from its gross negligence or bad faith. The Trustee Fee set forth herein shall be withheld by the Trustee from funds remitted by the Master Servicer pursuant to Section 4.01(a).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Ba Mortgage Securities Inc Mort Pass THR Cert Series 1998-2)

Master Servicer to Pay Trustee's Fees and Expenses; Indemnification. (a) The Master Servicer covenants and agrees to pay to the Trustee and any co-trustee on a monthly basisfrom time to time, and the Trustee and any co-trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the Trustee Fee compensation of a trustee of an express trust) for all services rendered by each of them in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee and any co-trustee, and the Master Servicer will shall pay or reimburse the Trustee and any co-trustee upon request for all reasonable expenses, disbursements and advances incurred or made by the Trustee or any co-trustee in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ, and the expenses incurred by the Trustee or any co-trustee in connection with the appointment of an office or agency pursuant to Section 8.12) except any such expense, disbursement or advance as may arise from its gross negligence or bad faith. The Trustee Fee set forth herein shall be withheld by the Trustee from funds remitted by the Master Servicer pursuant to Section 4.01(a).114

Appears in 1 contract

Sources: Pooling and Servicing Agreement (RAMP Series 2006-Sp1 Trust)

Master Servicer to Pay Trustee's Fees and Expenses; Indemnification. (a) The Master Servicer covenants and agrees to pay to the Trustee and any co-trustee on a monthly basisfrom time to time, and the Trustee and any co-trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the Trustee Fee compensation of a trustee of an express trust) for all services rendered by each of them in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee and any co-trustee, and the Master Servicer will shall pay or reimburse the Trustee and any co-trustee upon request for all reasonable expenses, disbursements and advances incurred or made by the Trustee or any co-trustee in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ, and the expenses incurred by the Trustee or any co-trustee in connection with the appointment of an office or agency pursuant to Section 8.12) except any such expense, disbursement or advance as may arise from its gross negligence or bad faith. The Trustee Fee set forth herein shall be withheld by the Trustee from funds remitted by the Master Servicer pursuant to Section 4.01(a).to

Appears in 1 contract

Sources: Pooling and Servicing Agreement (SG Mortgage Securities, LLC)