Common use of Extra Remuneration Clause in Contracts

Extra Remuneration. At any time after the occurrence of an Event of Default, the Issuer hereby agrees that the Trustee shall be entitled to be paid additional remuneration, which may be calculated at its normal hourly rates in force from time to time. In any other case, if the Trustee finds it expedient or necessary or is requested by the Issuer to undertake duties which the Trustee and the Issuer agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Trustee under this Trust Deed, the Issuer will pay such additional remuneration as may be agreed between them (and which may be calculated by reference to the Trustee's normal hourly rates in force from time to time) or, failing agreement as to any of the matters in this subclause (or as to such sums referred to in Clause 10.1), as determined by an independent investment bank or other independent person (acting as an expert and not as an arbitrator) selected by the Trustee and approved by the Issuer or, failing such approval, nominated (on the application of the Trustee) by the President for the time being of The Law Society of England and Wales, the expenses involved in such nomination and the fee of such independent investment bank or such other independent person shared equally between the Trustee and the Issuer. The determination of such merchant or investment bank or other independent person will be conclusive and binding on the Issuer, the Trustee, the Noteholders, the Couponholders and the Talonholders.

Extra Remuneration. At any time after the occurrence of an Event of Default, the Issuer hereby agrees that the Trustee shall be entitled to be paid additional remuneration, which may be calculated at its normal hourly rates in force from time to time. In any other case, if the Trustee finds it expedient or necessary or is requested by the Issuer to undertake duties which the Trustee and the Issuer agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Trustee under this Trust Deed, the Issuer will pay such additional remuneration as may be agreed between them (and which may be calculated by reference to the Trustee's normal hourly rates in force from time to time) or, failing agreement as to any of the matters in this subclause (or as to such sums referred to in Clause 10.18.1), as determined by an independent investment bank or other independent person (acting as an expert and not as an arbitrator) selected by the Trustee and approved by the Issuer or, failing such approval, nominated (on the application of the Trustee) by the President for the time being of The Law Society of England and Wales, the expenses involved in such nomination and the fee of such independent investment bank or such other independent person shared equally between the Trustee and the Issuer. The determination of such merchant or investment bank or other independent person will be conclusive and binding on the Issuer, the Trustee, the Noteholders, the Couponholders and the Talonholders.

Extra Remuneration. At any time after the occurrence of an Event of Default, the Issuer hereby agrees that the Trustee shall be entitled to be paid additional remuneration, which may be calculated at its normal hourly rates in force from time to time. In any other case, if the Trustee finds it expedient or necessary or is requested by the Issuer to undertake duties which the Trustee and the Issuer agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Trustee under this Trust Deed, the Issuer will pay such additional remuneration as may be agreed between them (and which may be calculated by reference to the Trustee's normal hourly rates in force from time to time) or, failing agreement as to any of the matters in this subclause (or as to such sums referred to in Clause 10.1), as determined by an independent investment bank or other independent person (acting as an expert and not as an arbitrator) selected by the Trustee and approved by the Issuer or, failing such approval, nominated (on the application of the Trustee) by the President for the time being of The Law Society of England and Wales, the expenses involved in such nomination and the fee of such independent investment bank or such other independent person shared equally between the Trustee and the Issuer. The determination of such merchant or investment bank or other independent person will be conclusive and binding on the Issuer, the Trustee, the Noteholders, the Couponholders and the Talonholders.