Common use of Duties and charges Clause in Contracts

Duties and charges. The Trustee and the Manager shall not be required to effect any transaction or dealing with any Notes or with all or any part of the Authorised Investments of a Trust on behalf or at the request of any Noteholder or other person unless such Noteholder or other person (as the case may be) shall first have paid in cash or otherwise provided to its satisfaction for all duties, Taxes, governmental charges, brokerage, transfer fees, registration fees and other charges (collectively duties and charges) which have or may become payable in respect of such transaction or dealing but the Trustee and the Manager shall be entitled if it so thinks fit to pay and discharge all or any of such duties and charges on behalf of the Noteholder or other person and to retain the amount so paid of any moneys or property to which such Noteholder or other person may be or become entitled under this Deed.

Duties and charges. The Trustee and the Trust Manager shall not be required to effect any transaction or dealing with any Notes or with all or any part of the Authorised Investments of a Trust on behalf or at the request of any Noteholder or other person unless such Noteholder or other person (as the case may be) shall first have paid in cash or otherwise provided to its satisfaction for all duties, Taxes, governmental charges, brokerage, transfer fees, registration fees and other charges (collectively duties and charges) which have or may become payable in respect of such transaction or dealing but the Trustee and the Trust Manager shall be entitled if it so thinks fit to pay and discharge all or any of such duties and charges on behalf of the Noteholder or other person and to retain the amount so paid of any moneys or property to which such Noteholder or other person may be or become entitled under this Deeddeed.