COMPENSATION AND EXPENSES OF THE TRUSTEES Sample Clauses

COMPENSATION AND EXPENSES OF THE TRUSTEES. (a) Each Trustee shall receive a retainer from the Talc Trust for his or her service as a Trustee in the amount of $[⚫] per annum, paid annually. Hourly time, as described below, shall first be billed and applied to the annual retainer. Hourly time in excess of the annual retainer shall be paid by the Talc Trust. For all time expended as Trustees, including attending meetings, preparing for such meetings, and working on authorized special projects, the Trustees shall receive the sum of $[⚫] per hour. For all non-working travel time in connection with Talc Trust business, the Trustees shall receive the sum of $[⚫] per hour. All time shall be computed on a decimal (1/10th) hour basis. The Trustees shall record all hourly time to be charged to the Talc Trust on a daily basis. The hourly compensation payable to the Trustees hereunder shall be reviewed every year by the Trustees and, after consultation with the TAC and the FCR, appropriately adjusted for changes in the cost of living.
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COMPENSATION AND EXPENSES OF THE TRUSTEES. Packaging shall be responsible for all reasonable administrative expenses including without limitation the costs incurred by Trustees with respect to any matter included in Section 8 hereof and the Trustees' fees and expenses. If not so paid, the fees and expenses shall be paid from the Trust. The Trustees shall be entitled to reimbursement of expenses and fees of $ .
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COMPENSATION AND EXPENSES OF THE TRUSTEES. Interep shall pay all administrative and Trustees' fees and expenses. If not so paid, the fees and expenses shall be paid from the Trust.
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COMPENSATION AND EXPENSES OF THE TRUSTEES. The Company shall pay all reasonable administrative expenses and the Trustees’ fees and expenses. If not so paid, the fees and expenses shall be paid from the Trust. Notwithstanding the foregoing, any individual who is a current employee of the Company who shall be a Trustee shall serve without fee but shall be entitled to reimbursement of expenses.
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COMPENSATION AND EXPENSES OF THE TRUSTEES. Pactiv shall be responsible for all reasonable administrative expenses including without limitation the costs incurred by Trustees with respect to any matter included in Sections 5, 6, 7 and 8 hereof, the Trustees' fees and expenses and the office expenses described in Section 2.01 of the HR Agreement. If not so paid, the fees and expenses shall be paid from the Trust. The Trustees shall be entitled to reimbursement of expenses and fees as determined from time to time by the Trustees.
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Related to COMPENSATION AND EXPENSES OF THE TRUSTEES

  • Compensation and Expenses of the Trustee The Trustee shall be entitled to receive from the Sponsor or an Affiliate of the Sponsor (including the Trust) reasonable compensation for its services hereunder as set forth in a separate fee agreement and shall be entitled to be reimbursed by the Sponsor or an Affiliate of the Sponsor (including the Trust) for reasonable out-of-pocket expenses incurred by it in the performance of its duties hereunder, including without limitation, the reasonable compensation, out-of-pocket expenses and disbursements of counsel and such other agents as the Trustee may employ in connection with the exercise and performance of its rights and duties hereunder.

  • Compensation and Expenses of Trustee The Company covenants and agrees to pay to the Trustee, in any capacity under this Indenture, from time to time, and the Trustee shall receive such compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed to in writing between the Trustee and the Company, and the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance with any of the provisions of this Indenture in any capacity thereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of all Persons not regularly in its employ) except any such expense, disbursement or advance as shall have been caused by its gross negligence or willful misconduct as determined by a final, non-appealable decision of a court of competent jurisdiction. The Company also covenants to indemnify the Trustee in any capacity under this Indenture and any other document or transaction entered into in connection herewith and its officers, directors, attorneys, employees and agents and any authenticating agent for, and to hold them harmless against, any loss, claim (whether asserted by the Company, a Holder or any Person), damage, liability or expense (including attorneys’ fees) incurred without gross negligence or willful misconduct on the part of the Trustee, its officers, directors, attorneys, agents or employees, or such agent or authenticating agent, as the case may be, as determined by a final, non-appealable decision of a court of competent jurisdiction, and arising out of or in connection with the acceptance or administration of this Indenture or in any other capacity hereunder, including the costs and expenses of defending themselves against any claim of liability in the premises or the enforcement of this Section 7.06. The obligations of the Company under this Section 7.06 to compensate or indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall be secured by a senior lien to which the Notes are hereby made subordinate on all money or property held or collected by the Trustee, except, subject to the effect of Section 6.05, funds held in trust herewith for the benefit of the Holders of particular Notes, and, for the avoidance of doubt, such lien shall not be extended in a manner that would conflict with the Company’s obligations to its other creditors. The Trustee’s right to receive payment of any amounts due under this Section 7.06 shall not be subordinate to any other liability or indebtedness of the Company. The obligation of the Company under this Section 7.06 shall survive the satisfaction and discharge of this Indenture and the earlier resignation or removal of the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. The indemnification provided in this Section 7.06 shall extend to the officers, directors, agents and employees of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee and its agents and any authenticating agent incur expenses or render services after an Event of Default specified in Section 6.01(h) or Section 6.01(i) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws.

  • Compensation and Expenses (a) As compensation for sourcing the Series Gallery Drop 082 Asset, the Asset Manager may be granted a sourcing fee equal to 3.5% of the total aggregate amount of Series Gallery Drop 082 membership interests that are sold in the Series’ offering under Regulation A of the Securities Act of 1933, as amended (the “Offering”), which the Asset Manager may waive in its sole discretion.

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