Common use of Trustee Fees and Expenses Clause in Contracts

Trustee Fees and Expenses. The Trustee shall be entitled to receive (from Collections or, in connection with a Receivable Shortfall Payment or any other payments required to be made by the Sellers or the Sellers' Representative under any applicable Supplement, from the Sellers' Representative other than the Proceeds) the Trustee Fees as compensation for all services rendered by it in the execution of the Trust hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee; PROVIDED, HOWEVER, that the Trustee shall only be entitled to claim the applicable Series Percentage of such Trustee Fee from Collections or other payments allocable to the applicable Series. In addition, the Sellers' Representative shall pay or reimburse the Trustee (without reimbursement from the Collection Account, any Series Account or otherwise) upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Master Trust Agreement (including the reasonable fees and expenses of its agents, any co-Trustees and counsel) except any such expense, disbursement or advance as may arise from the gross negligence, negligence in the handling of funds or willful misconduct by the Trustee. The obligations of the Seller under this SECTION 8.3 shall survive the termination of the Trust and the resignation or removal of the Trustee.

Appears in 3 contracts

Sources: Master Trust Agreement (TMM Holdings Sa De Cv), Master Trust Agreement (TMM Holdings), Master Trust Agreement (TMM Holdings)