Common use of Trustee Fee Clause in Contracts

Trustee Fee. In consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties pursuant to Clause 2.1 the Beneficiaries shall pay to the Receivables Trustee a fee as calculated in accordance with each Supplement per annum (the "TRUSTEE FEE"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date and, for the purposes of the Relevant Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment Amount for the Transfer Date in question.

Appears in 2 contracts

Sources: Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD), Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD)

Trustee Fee. In consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties pursuant to Clause 2.1 hereunder the Beneficiaries shall pay to the Receivables Trustee a fee as calculated in accordance with each Supplement of (pound)5,000 per annum (the "TRUSTEE FEE"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date and, for the purposes of the Relevant Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment Amount amount for the Transfer Date in question.

Appears in 2 contracts

Sources: Deed of Amendment and Restatement (Barclaycard Funding PLC), Trust and Cash Management Agreement (Gracechurch Receivables Trustee LTD)

Trustee Fee. In further consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties pursuant to Clause 2.1 the Beneficiaries shall pay to the Receivables Trustee a an annual fee as calculated in accordance with each Supplement per annum (the "TRUSTEE FEE"“Trustee Fee”). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date after the initial Closing Date and, for the purposes of the Relevant Transaction Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment Amount for the Transfer Date in question.

Appears in 1 contract

Sources: Receivables Trust Deed and Servicing Agreement

Trustee Fee. In consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties pursuant to Clause 2.1 hereunder the Beneficiaries shall pay to the Receivables Trustee a fee as calculated in accordance with each Supplement of (pound)5,000 per annum (the "TRUSTEE FEETrustee Fee"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date and, for the purposes of the Relevant Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment Amount amount for the Transfer Date in question.

Appears in 1 contract

Sources: Deed of Amendment and Restatement (Gracechurch Receivables Trustee LTD)

Trustee Fee. In further consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties pursuant to Clause 2.1 the Beneficiaries shall pay to the Receivables Trustee a an annual fee as calculated in accordance with each Supplement per annum (the "TRUSTEE FEE"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date after the initial Closing Date and, for the purposes of the Relevant Transaction Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment Amount for the Transfer Date in question.

Appears in 1 contract

Sources: Receivables Trust Deed and Servicing Agreement (Turquoise Receivables Trustee LTD)