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)
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)
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