TRUSTEES' LIEN. Notwithstanding anything to the contrary in this Trust Agreement, as security for the payment of Trustee Fees (i) the Trustee is hereby granted a Lien upon all Collateral prior to all Secured Parties and (ii) the Trustee shall have the right to use and apply any of the funds held by the Trustee in the Collateral Account to cover such Trustee Fees.
Appears in 1 contract
Sources: Trust Agreement (Anc Rental Corp)
TRUSTEES' LIEN. Notwithstanding anything to the contrary in this ------------------ Trust Agreement, as security for the payment of Trustee Fees (i) the Trustee is hereby granted a Lien lien upon all Collateral prior to all Secured Parties and (ii) the Trustee shall have the right to use and apply any of the funds held by the Trustee in the Collateral Account to cover such Trustee Fees.
Appears in 1 contract
Sources: Trust Agreement (Federal Mogul Corp)