Trustee Compensation definition

Trustee Compensation. Such compensation, if any, as set forth in the separate fee schedule between the Trustee and the Depositor, which compensation shall be payable to the Trustee on each Distribution Date pursuant to Section 8.05 as compensation for all services rendered by it in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Trustee hereunder.

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Trustee Compensation. The amount payable to the Trustee on each Distribution Date pursuant to Section 8.05 as compensation for all services rendered by it in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Trustee hereunder.

Trustee Compensation. As defined in Section 9.05.

Examples of Trustee Compensation in a sentence

• The Trustee will be entitled to all income and gain realized from any investment of funds in the Distribution Account (the "Trustee Compensation"), pursuant to Article IV, as compensation for the performance of its activities hereunder.

• The Trustee shall pay a portion of the Trustee Compensation as compensation for the Custodian’s services under the Custodial Agreement as are payable to the Custodian in accordance with a separate fee schedule between the Trustee and the Custodian.

• Trustee; Compensation Not Prejudiced.............................................

• As compensation for its activities hereunder, the Trustee shall be entitled to retain or withdraw from the Distribution Account an amount equal to any accrued and unpaid Trustee Compensation.

• The Interim Trustee shall be subject to all the terms and conditions applicable to a Liquidating Trustee hereunder; provided, however, any such Interim Trustee shall not be entitled to receive the Liquidating Trustee Compensation unless approved by the Majority Holders, but shall be entitled to receive payment for the Liquidating Trustee Expenses.

More Definitions of Trustee Compensation

Trustee Compensation. The Trustee Compensation shall be all income earned on amounts on deposit in the Distribution Account.

Trustee Compensation means compensation to which the Trustee is entitled as a retainer (whether payable in cash or Common Shares) or a fee for meetings as a member of the Board.

Trustee Compensation is deleted in its entirety and replaced with the following:

Trustee Compensation has the meaning specified in Section 312.

Trustee Compensation means any fees payable to the Trustee in the performance of its duties as Trustee or otherwise in its various capacities as Agent under the Transaction Documents in accordance with, and in the amount specified in, the fee agreement made between the Trustee and the Issuer in respect of the Notes.

Trustee Compensation. The Trustee Compensation shall be one Business Day of income earned on amounts on deposit in the Distribution Account. The following is added as Section 3.12(d) of the Agreement: Upon receipt of written instructions from the majority Holder of the Class C Certificates or if the Class C Certificates have been pledged pursuant to an Indenture, the majority equity holder in such transaction (either such party, the “Class C Holder”), the Trustee shall invest the funds on deposit in the Distribution Account during the Float Period. Such instructions from the Class C Holder shall remain in force until the Trustee receives written instructions from the Class C Holder to cease investing such funds during the Float Period. All income and gain realized from the investment of funds deposited in the Distribution Account during the Float Period shall be included in Available Funds for the related Distribution Date. The Class C Holder shall deposit in the Distribution Account, from its own funds, the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in the Distribution Account during the Float Period immediately upon notification of such loss. The Trustee may at its discretion, and without liability, hold the funds in the Distribution Account after the Float Period uninvested.

Trustee Compensation. Such compensation, if any, as set forth in Section 8.05 as compensation for all services rendered by it in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties of the Trustee hereunder.