Common use of Trustee Fee Clause in Contracts

Trustee Fee. In consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties hereunder the Beneficiaries shall pay to the Receivables Trustee a fee of (pound)5,000 per annum (the "TRUSTEE FEE"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date and, for the purposes of the Relevant Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment amount for the Transfer Date in question.

Appears in 2 contracts

Samples: Management Agreement (Barclaycard Funding PLC), Management Agreement (Gracechurch Receivables Trustee LTD)

AutoNDA by SimpleDocs

Trustee Fee. In consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties hereunder pursuant to Clause 2.1 the Beneficiaries shall pay to the Receivables Trustee a fee of (pound)5,000 as calculated in accordance with each Supplement per annum (the "TRUSTEE FEE"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date and, for the purposes of the Relevant Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment amount Amount for the Transfer Date in question.

Appears in 2 contracts

Samples: Arran Funding LTD, Arran Funding LTD

Trustee Fee. In consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties hereunder the Beneficiaries shall pay to the Receivables Trustee a fee of (pound)5,000 per annum (the "TRUSTEE FEETrustee Fee"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date and, for the purposes of the Relevant Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment amount for the Transfer Date in question.

Appears in 1 contract

Samples: Management Agreement (Gracechurch Receivables Trustee LTD)

Trustee Fee. In further consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties hereunder pursuant to Clause 2.1 the Beneficiaries shall pay to the Receivables Trustee a an annual fee of (pound)5,000 per annum as calculated in accordance with each Supplement (the "TRUSTEE FEE"). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date after the initial Closing Date and, for the purposes of the Relevant Transaction Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment amount Amount for the Transfer Date in question.

Appears in 1 contract

Samples: Deed and Servicing Agreement (Turquoise Receivables Trustee LTD)

AutoNDA by SimpleDocs

Trustee Fee. In further consideration of the undertaking and performance by the Receivables Trustee of its fiduciary duties hereunder pursuant to Clause 2.1 the Beneficiaries shall pay to the Receivables Trustee a an annual fee of (pound)5,000 per annum as calculated in accordance with each Supplement (the "TRUSTEE FEE"“Trustee Fee”). The said fee shall be payable in 12 equal instalments on each Transfer Date commencing with the first Transfer Date after the initial Closing Date and, for the purposes of the Relevant Transaction Documents, the amount so payable on any Transfer Date shall be included in the Aggregate Trustee Payment amount Amount for the Transfer Date in question.

Appears in 1 contract

Samples: investor.capitalone.com

Time is Money Join Law Insider Premium to draft better contracts faster.