Common use of Payment of Trust Fees Clause in Contracts

Payment of Trust Fees. Pursuant to the terms of Section 6.07 of the Indenture, on each Payment Date, the Indenture Trustee shall remit the Owner Trustee Fee (beginning on the 13th Payment Date) and any Expenses incurred by the Owner Trustee to the Owner Trustee and shall pay the Trust's expenses incurred with respect to the performance of the Trust's duties under the Indenture, or, if such amounts are insufficient, the Owner Trustee shall be paid pursuant to Section 7.01 hereof. The Master Servicer shall pay the initial and first-year annual fees and expenses owing to the Owner Trustee on the Closing Date pursuant to a separate side agreement.

Payment of Trust Fees. Pursuant to the terms of Section 6.07 of the Indenture, on each Payment Date, the Indenture Trustee shall remit the Owner Trustee Fee (beginning on the 13th Payment Date) and any Expenses incurred by the Owner Trustee to the Owner Trustee and shall pay the Trust's expenses incurred with respect to the performance of the Trust's duties under the Indenture, or, if such amounts are insufficient, the Owner Trustee shall be paid pursuant to Section 7.01 hereof. The Master Servicer shall pay the initial and first-year annual fees and expenses owing to the Owner Trustee on the Closing Date pursuant to a separate side agreement.

Payment of Trust Fees. Pursuant to the terms of Section 6.07 of the Indenture, on each Payment Date, the Indenture Trustee shall remit the Owner Trustee Fee (beginning on the 13th Payment Date) and any Expenses incurred by the Owner Trustee to the Owner Trustee and shall pay the Trust's expenses incurred with respect to the performance of the Trust's duties under the Indenture, or, if such amounts are insufficient, the Owner Trustee shall be paid pursuant to Section 7.01 hereof. The Master Servicer Sponsor shall pay the initial and first-year annual fees and expenses owing to the Owner Trustee on the Closing Date pursuant to a separate side agreement.