Common use of Fees and Expenses / Remuneration of Trustee Clause in Contracts

Fees and Expenses / Remuneration of Trustee. The Debenture Trustee’s remuneration shall be in accordance with the Debenture Trustee Appointment Letter. Arrears of installments of annual service charges, if any, payable to the Debenture Trustee shall carry interest at the rate as applicable under the MSMEDA. The Company shall pay to the Debenture Trustee all legal, travelling and other costs, charges and expenses incurred by it or its officers, employees or agents in connection with execution of these presents including costs, charges and expenses of and incidental to the approval and execution of these presents and all other documents affecting the Security herein and will indemnify the Debenture Trustee against all actions, proceedings, costs, charges, expenses, claims and demands whatsoever which may be brought or made against or incurred by the Debenture Trustee in respect of any matter or thing done or omitted to be done in respect of or in relation to the Debentures and/or Trust properties (other than for acts of gross negligence, willful misconduct, fraud of the Debenture Trustee as finally determined by a court of competent jurisdiction).