Examples of Owner Trustee Fee in a sentence
The Trust will pay the Owner Trustee as compensation for performing its obligations under this Agreement the Owner Trustee Fee.
More Definitions of Owner Trustee Fee
Owner Trustee Fee means an annual fee equal to (a) prior to the Owner Trustee becoming successor Administrator, $6,000.00 and (b) upon the Owner Trustee becoming successor Administrator, $5,000.00, which fee shall be due and payable on the first Payment Date of each year during the term hereof occurring after the Issuer’s receipt of an invoice therefor.
Owner Trustee Fee means (i) a fee in the amount of $3,500 payable by the Trust to the Owner Trustee on the Closing Date in connection with the review and execution of the Basic Documents and (ii) thereafter, an administration fee in the amount of $333.33 on each Distribution Date, payable by the Trust to the Owner Trustee.
Owner Trustee Fee. The annual fee of $3,000, payable to the Owner Trustee pursuant to the Fee Letter Agreement specified in Section 7.03 of the Trust Agreement on a monthly basis on each Payment Date during the term of this Agreement; provided that the Owner Trustee Fee for the first year shall be payable on the Closing Date by the Seller.