Common use of Compensation and Indemnification of Trustee and Its Prior Claim Clause in Contracts

Compensation and Indemnification of Trustee and Its Prior Claim. (a) The Republic covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, compensation as agreed between the Republic and the Trustee (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) and the Republic covenants and agrees to pay or reimburse the Trustee and each predecessor trustee upon its request for all documented expenses, disbursements, losses and advances properly and reasonably incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including, without limitation, the compensation, documented expenses and disbursements reasonably incurred of its counsel and of all agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its gross negligence or willful misconduct.

Appears in 6 contracts

Samples: First Supplemental Indenture (Republic of Colombia), Terms And (Peru Republic Of), First Supplemental Indenture (Republic of Chile)

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Compensation and Indemnification of Trustee and Its Prior Claim. (a) The Republic Issuer covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as agreed between the Republic Issuer and the Trustee shall from time to time agree in writing (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) ), and the Republic Issuer covenants and agrees to pay or reimburse the Trustee and each predecessor trustee upon its request for all documented reasonable expenses, disbursements, losses disbursements and advances properly and reasonably incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including, without limitation, including the compensation, documented reasonable compensation and the expenses and disbursements reasonably incurred of its counsel and of all agents and other persons not regularly in its employ) except to the extent any such expense, disbursement or advance as advancement may arise from its gross negligence negligence, bad faith or willful misconduct.

Appears in 2 contracts

Samples: Indenture (Sumitomo Mitsui Financial Group, Inc.), Sumitomo Mitsui Financial Group, Inc.

Compensation and Indemnification of Trustee and Its Prior Claim. (a) The Republic covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, compensation as agreed between the Republic and the Trustee (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) and the Republic covenants and agrees to pay or reimburse the Trustee and each predecessor trustee upon its request for all documented expenses, disbursements, losses and advances properly and reasonably incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including, without limitation, the compensation, documented expenses and disbursements reasonably incurred of by its counsel and of by all agents and other persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its own gross negligence or willful misconduct.

Appears in 1 contract

Samples: Indenture (Uruguay Republic Of)

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Compensation and Indemnification of Trustee and Its Prior Claim. (a) The Republic Province covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, compensation as agreed between the Republic Province and the Trustee (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) and the Republic Province covenants and agrees to pay or reimburse the Trustee and each predecessor trustee upon its request for all documented expenses, disbursements, losses and advances properly and reasonably incurred or made by or on behalf of it in accordance with any of the provisions of this Indenture (including, without limitation, the compensation, documented expenses and disbursements reasonably incurred of by its counsel and of by all agents and other persons not regularly in its employ) except for any such expense, disbursement or advance as may arise from its own fraud, gross negligence or willful misconduct.misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction

Appears in 1 contract

Samples: Indenture

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