Common use of Appointment and Payment Clause in Contracts

Appointment and Payment. The appointment of such Authorised Third Party shall be on the terms and conditions as negotiated between the relevant Funding Security Trustee, the Seller and/or the Servicer (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 relevant Funding Security Trustee and therefore shall be payable in the manner contemplated, in the case of the Security Trustee, 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 and in the case of the Funding 2 Security Trustee, by and in accordance with Clause 17 of the Funding 2 Deed of Charge from funds that the Funding 2 Security Trustee receives in accordance with the Funding 2 Priority of Payments.

Appointment and Payment. The appointment of such Authorised Third Party shall be on the terms and conditions as negotiated between the relevant Funding Security Trustee, the Seller and/or the Servicer 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 relevant Funding Security Trustee and therefore shall be payable in the manner contemplated, in the case of the Security Trustee, 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 and in the case of the Funding 2 Security Trustee, by and in accordance with Clause 17 [o] of the Funding 2 Deed of Charge from funds that the Funding 2 Security Trustee receives in accordance with the Funding 2 Priority of Payments.