Compensation and Expenses of the Delaware Trustee Sample Clauses

Compensation and Expenses of the Delaware Trustee. The Delaware Trustee shall be entitled to receive from the Sponsor reasonable compensation for its services hereunder as set forth in a separate fee agreement and shall be entitled to be reimbursed by the Sponsor for reasonable out-of-pocket expenses incurred by it in the performance of its duties hereunder, including the reasonable compensation, out-of-pocket expenses and disbursements of counsel and such other agents as the Delaware Trustee may employ in connection with the exercise and performance of its rights and duties hereunder.
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Compensation and Expenses of the Delaware Trustee. The Delaware Trustee (or any successor Delaware Trustee) shall be entitled to receive compensation from the Trust for its services in accordance with such schedules as shall have been separately agreed to from time to time by the Delaware Trustee and the Trust. The Delaware Trustee may consult with counsel (who may be counsel for the Sponsor or for the Delaware Trustee). The reasonable legal fees incurred in connection with such consultation shall be reimbursed to the Delaware Trustee pursuant to this Section, provided that no such fees shall be payable to the extent that they are incurred as a result of the Delaware Trustee's gross negligence, bad faith or willful misconduct.
Compensation and Expenses of the Delaware Trustee. The Delaware Trustee shall receive compensation from the MCC Settlement Trust for their services as Delaware Trustee at the rates detailed in the fee agreement attached hereto as Exhibit 4. The rates detailed in Exhibit 4 may be modified with the prior written consent of the Claimants Representative Committee and MCC. The MCC Settlement Trust shall reimburse the Delaware Trustee as a part of the Administrative Expenses for all reasonable out-of-pocket costs and expenses incurred by the Delaware Trustee in connection with the performance of their duties hereunder, at the rates detailed in Exhibit 4.

Related to Compensation and Expenses of the Delaware Trustee

  • Compensation and Expenses (a) As compensation for sourcing the Series Gallery Drop 105 Asset, the Asset Manager may be granted a sourcing fee equal to 3.43% of the total aggregate amount of Series Gallery Drop 105 membership interests that are sold in the Series’ offering under Regulation A of the Securities Act of 1933, as amended (the “Offering”), which the Asset Manager may waive in its sole discretion.

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