Common use of Front-end expenses Clause in Contracts

Front-end expenses. The Issuer shall after receipt of an account of such expenses reimburse the New York Paying Agent for its own account and for the account of the Agents for all reasonable out-of-pocket expenses properly incurred by them in the negotiation, preparation and execution of this Agreement and for its own account for all reasonable out-of-pocket expenses (including, without limitation, legal fees and any publication, advertising, communication, courier, postage and other out-of-pocket expenses) properly incurred in connection with its services hereunder (plus any applicable value added tax). The New York Paying Agent will be responsible for distributing the remuneration of the Agents and the relevant expenses of Agents and the Issuer shall not be responsible for the apportionment of such payments between the Paying Agents, the Registrar and the Agent Bank.

Appears in 4 contracts

Samples: Paying Agency and Agent Bank Agreement (Gracechurch Card Funding No 5 PLC), Paying Agency and Agent Bank Agreement (Barclaycard Funding PLC), Paying Agency and Agent Bank Agreement (Gracechurch Receivables Trustee LTD)

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Front-end expenses. The Issuer shall after receipt of an account of such expenses reimburse the New York Paying Agent for its own account and for the account of the Agents for all reasonable out-of-pocket expenses properly incurred by them in the negotiation, preparation and execution of this Agreement and for its own account for all reasonable out-of-pocket expenses (including, without limitation, legal fees and any publication, advertising, communication, courier, postage and other out-of-pocket expenses) properly incurred in connection with its services hereunder (plus any applicable value added taxVAT). The New York Paying Agent will be responsible for distributing the remuneration of the Agents and the relevant expenses of Agents and the Issuer shall not be responsible for the apportionment of such payments between the Paying Agents, the Registrar and the Agent Bank.

Appears in 3 contracts

Samples: Paying Agency and Agent Bank Agreement (Gracechurch Receivables Trustee LTD), Paying Agency and Agent Bank Agreement (Barclaycard Funding PLC), Paying Agency and Agent Bank Agreement (Barclaycard Funding PLC)

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Front-end expenses. The Issuer shall after receipt of an account of such expenses reimburse the New York Paying Agent for its own account and for the account of the Agents for all reasonable out-of-pocket expenses properly incurred by them in the negotiation, preparation and execution of this Agreement and for its own account for all reasonable out-of-pocket expenses (including, without limitation, legal fees and any publication, advertising, communication, courier, postage and other out-of-pocket expenses) properly incurred in connection with its services hereunder (plus any applicable value added tax). The New York Paying Agent will be responsible for distributing the remuneration of the Agents and the relevant expenses of Agents and the Issuer shall not be responsible for the apportionment of such payments between the Paying Agents, the Registrar and the Agent Bank.

Appears in 1 contract

Samples: Paying Agency and Agent Bank Agreement (Gracechurch Receivables Trustee LTD)

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