Insurance Trustee’s Fees and Expenses Sample Clauses

Insurance Trustee’s Fees and Expenses. ‌ (a) Subject to Section 3.3(b) of this Agreement, the Concessionaire shall pay to the Insurance Trustee all reasonable fees, costs and expenses in relation to the performance by the Insurance Trustee of its obligations under this Agreement. (b) The Province and BCTFA on the one hand, and the Concessionaire on the other, shall each pay to the Insurance Trustee one half of the additional fees referred to in Section 4.3(a) of this Agreement. The obligation of each of the Province and BCTFA on the one hand, and the Concessionaire on the other, to pay its one-half of such additional fees is a several obligations and not subject to joint or joint and several liability, and neither the Province and BCTFA on the one hand, nor the Concessionaire on the other, shall have any liability whatsoever for the non-payment by the other of any such additional fees payable by such other party under this Agreement.‌ (c) The Insurance Trustee shall have no obligation to spend its own funds in the performance of its duties and obligations under this Agreement.