Common use of Owner Trustee Fees and Expenses Clause in Contracts

Owner Trustee Fees and Expenses. The Bank shall receive as compensation for its services hereunder the Owner Trustee Fee (which, beginning on the 13th Payment Date, will be paid pursuant to Section 8.02(i)(B) of the Indenture), and the Bank shall be reimbursed pursuant to Section 8.02(xii) of the Indenture for its reasonable expenses hereunder and under the Basic Documents, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Owner Trustee may reasonably employ in connection with the exercise and performance of its rights and its duties hereunder and under the Basic Documents. Any amounts owing to the Bank hereunder in excess of such amounts shall be paid pursuant to a separate side agreement between the Owner Trustee and the Servicer.

Appears in 7 contracts

Samples: Trust Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A), Trust Agreement (Origen Residential Securities, Inc.), Trust Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2005-B)

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Owner Trustee Fees and Expenses. The Bank shall receive as compensation for its services hereunder the Owner Trustee Fee (which, beginning on the 13th Payment Date, will be paid pursuant to Section 8.02(i)(B8.02 (i) (B) of the Indenture), and the Bank shall be reimbursed pursuant to Section 8.02(xii) of the Indenture for its reasonable expenses hereunder and under the Basic Documents, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Owner Trustee may reasonably employ in connection with the exercise and performance of its rights and its duties hereunder and under the Basic Documents. Any amounts owing to the Bank hereunder in excess of such amounts shall be paid pursuant to a separate side agreement between the Owner Trustee and the Servicer.

Appears in 1 contract

Samples: Trust Agreement (Citigroup Mortgageln Tr Origen Manu Hous Cont Tr NTS Ser 200)

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