Common use of COMMISSIONS AND EXPENSES Clause in Contracts

COMMISSIONS AND EXPENSES. 15.1 Each Issuer agrees to pay to the Agent such fees and commissions as each Issuer and the Agent shall separately agree in respect of the services of the Paying Agents under this Agreement together with any out of pocket expenses (including legal, printing, postage, fax, cable and advertising expenses) incurred by the Paying Agents in connection with their services. These expenses shall include any costs or charges incurred by the Agent in carrying out instructions to clear and/or settle transfers of securities under this Agreement (including cash penalty charges that may be incurred under Article 7 of the Central Securities Depositaries Regulation (EU) No 909/2014 if a settlement fail occurs due to the Issuer's failure to deliver any required securities or cash or other action or omission). 15.2 The Agent will make payment of the fees and commissions due under this Agreement to the other Paying Agents and will reimburse their expenses promptly after the receipt of the relevant moneys from each Issuer. The Issuers shall not be responsible for any payment or reimbursement by the Agent to the other Paying Agents.

Appears in 5 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

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COMMISSIONS AND EXPENSES. 15.1 Each The Issuer agrees to pay to the Agent such fees and commissions as each the Issuer and the Agent shall separately agree in respect of the services of the Paying Agents under this Agreement together with any out of pocket expenses (including legal, printing, postage, fax, cable and advertising expenses) incurred by the Paying Agents in connection with their services. These expenses shall include any costs or charges incurred by the Agent in carrying out instructions to clear and/or settle transfers of securities Notes under this Agreement (including cash penalty charges that may be incurred under Article 7 of the Central Securities Depositaries Regulation (EU) No 909/2014 if a settlement fail occurs due to (i) the Issuer's failure to deliver any required securities Notes or cash or and/or (ii) any other action or omissionomission of the Issuer). 15.2 The Agent will make payment of the fees and commissions due under this Agreement to the other Paying Agents and will reimburse their expenses promptly after the receipt of the relevant moneys from each the Issuer. The Issuers Issuer shall not be responsible for any payment or reimbursement by the Agent to the other Paying Agents.

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

COMMISSIONS AND EXPENSES. 15.1 Each The Issuer agrees to pay to the Agent such fees and commissions as each the Issuer and the Agent shall separately agree in respect of the services of the Paying Agents under this Agreement together with any out of pocket expenses (including legal, printing, postage, fax, cable and advertising expenses) incurred by the Paying Agents in connection with their services. These The out of pocket expenses referred to in the previous sentence shall include any costs or charges incurred by the Agent in carrying out instructions to clear and/or settle transfers of securities under this Agreement (Agreement, including cash penalty charges that may be incurred under Article 7 of the Central Securities Depositaries Regulation (EU) No 909/2014 if a settlement fail occurs due to the Issuer's failure to deliver any required securities or cash or other action or omission)omission by the Issuer. 15.2 The Agent will make payment of the fees and commissions due under this Agreement to the other Paying Agents and will reimburse their expenses promptly after the receipt of the relevant moneys from each the Issuer. The Issuers Issuer shall not be responsible for any payment or reimbursement by the Agent to the other Paying Agents.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

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COMMISSIONS AND EXPENSES. 15.1 (1) Each Issuer agrees to pay to the Agent such fees and commissions as each the relevant Issuer and the Agent shall have separately agree agreed in respect of the services of the Agent and the other Paying Agents under this Agreement and Transfer Agents hereunder together with any out of pocket reasonable expenses (including legal, printing, postage, faxtax, cable and advertising expenses) incurred by the Agent and the other Paying Agents and Transfer Agents in connection with their said services. These expenses shall include any costs or charges incurred by In addition, the relevant Issuer will reimburse the Agent in carrying out instructions to clear and/or settle transfers of securities under this Agreement (including for any cash penalty charges that may be incurred by the Agent or the Registrar under Article 7 of the Central Securities Depositaries Regulation (EU) No 909/2014 if a settlement fail occurs due to the relevant Issuer's ’s failure to deliver any required securities or cash or other action or omission)at the relevant time. 15.2 (2) The Agent will make payment of the fees and commissions due under this Agreement hereunder to the other Paying Agents and Transfer Agents and will reimburse their expenses promptly after the receipt of the relevant moneys from each the relevant Issuer. The Issuers relevant Issuer shall not be responsible for any such payment or reimbursement by the Agent to the other Paying Agents or Transfer Agents.

Appears in 1 contract

Samples: Agency Agreement

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