Common use of Appointment and Payment Clause in Contracts

Appointment and Payment. The appointment of the Authorised Third Party shall be on the terms and conditions as negotiated between the Security Trustee, the Seller and/or the Administrator (as the case may be) and such Authorised Third Party. The fees, costs and expenses payable to such Authorised Third Party shall be considered as part of the additional remuneration and expenses of the Security Trustee and therefore shall be payable in the manner contemplated by and in accordance with Clause 18 of the Funding Deed of Charge from funds that the Security Trustee receives in accordance with the Funding Priority of Payments as set forth in the Funding Deed of Charge.