Common use of Professional charges Clause in Contracts

Professional charges. any Note Trustee being a banker, lawyer, broker or other person engaged in any profession or business shall be entitled to charge and be paid all usual professional and other charges for business transacted and acts done by him or his partner or firm on matters arising in connection with the trusts of the Security Documents and also his properly incurred charges in addition to disbursements for all other work and business done and all time spent by him or his partner or firm on matters arising in connection with the Security Documents, including matters which might or should have been attended to in person by a trustee not being a banker, lawyer, broker or other professional person;

Appears in 2 contracts

Sources: Turquoise Funding Note Trust Deed (Turquoise Receivables Trustee LTD), Note Trust Deed (Arran Funding LTD)

Professional charges. any Any Note Trustee being a banker, lawyer, broker or other person engaged in any profession or business shall be entitled to charge and be paid all usual professional and other charges for business transacted and acts done by him or his partner or firm on matters arising in connection with the trusts of the Security Documents and also his properly incurred charges in addition to disbursements for all other work and business done and all time spent by him or his partner or firm on matters arising in connection with the Security Documents, including matters which might or should have been attended to in person by a trustee not being a banker, lawyer, broker or other professional person;.

Appears in 1 contract

Sources: Note Trust Deed (Barclaycard Funding PLC)