Common use of Normal Remuneration Clause in Contracts

Normal Remuneration. The Current Issuer shall (subject as hereinafter provided) pay to the Note Trustee remuneration of such amount as shall from time to time be agreed by the Current Issuer and the Note Trustee. The rate of remuneration in force from time to time may upon the final redemption of the whole of the Current Issuer Notes of any Series be reduced by such amount as shall be agreed between the Current Issuer and the Note Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each Payment Date subject to and in accordance with the relevant Current Issuer Priority of Payments. Such remuneration shall accrue from day to day and be payable up to and including the date when, all the Current Issuer Notes having become due for redemption, the redemption monies and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Note Trustee PROVIDED THAT if upon due presentation of any Note Certificate or any cheque payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.

Appears in 14 contracts

Samples: Granite Mortgages 04-1 PLC, Granite Mortgages 03-3 PLC, Granite Mortgages 02-2 PLC

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Normal Remuneration. The Current Master Issuer shall (subject as hereinafter provided) pay to the Note Issuer Security Trustee remuneration of such amount and on such Monthly Payment Dates as shall shall, in each case, from time to time be agreed by the Current Master Issuer and the Note Issuer Security Trustee. The rate of remuneration in force from time to time may upon the final redemption of the whole of the Current Issuer Notes of any Series be reduced by such amount as shall be agreed between the Current Master Issuer and the Note Issuer Security Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each the applicable Monthly Payment Date Dates subject to and in accordance with the relevant Current Issuer Priority of PaymentsPayments and the provisions of this Deed. Such remuneration shall accrue from day to day and be payable up to and including the date when, all the Current Issuer Notes having become due for redemption, the redemption monies and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Note Issuer Security Trustee PROVIDED THAT if upon due presentation of any Note Certificate or any cheque payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.

Appears in 1 contract

Samples: Granite Finance Trustees LTD

Normal Remuneration. The Current Master Issuer shall (subject as hereinafter provided) pay to the Note Issuer Security Trustee remuneration of such amount as shall from time to time be agreed by the Current Master Issuer and the Note Issuer Security Trustee. The rate of remuneration in force from time to time may upon the final redemption of the whole of the Current Issuer Notes of any Series be reduced by such amount as shall be agreed between the Current Master Issuer and the Note Issuer Security Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each Payment Date subject to and in accordance with the relevant Current Issuer Priority of Payments. Such remuneration shall accrue from day to day and be payable up to and including the date when, all the Current Issuer Notes having become due for redemption, the redemption monies and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Note Issuer Security Trustee PROVIDED THAT if upon due presentation of any Note Certificate or any cheque payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.

Appears in 1 contract

Samples: Granite Finance Trustees LTD

Normal Remuneration. The Current Issuer shall (subject as hereinafter provided) pay to the Note Trustee remuneration for its services as trustee as from the date of this Trust Deed, such amount remuneration to be at such rate as shall may from time to time be agreed by between the Current Issuer and the Note Trustee in writing. Such remuneration shall be payable in advance on the anniversary of the date hereof in each year and the first payment shall be made on the date hereof. Upon the issue of any Further Bonds the rate of remuneration in force immediately prior thereto shall be increased by such amount as shall be agreed between the Issuer and the Trustee, such increased remuneration to be calculated from such date as shall be agreed as aforesaid. The rate of remuneration in force from time to time may upon the final redemption of the whole of the Current Issuer Notes Bonds of any Series series be reduced by such amount as shall be agreed between the Current Issuer and the Note Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each Payment Date subject to and in accordance with the relevant Current Issuer Priority of Payments. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Bondholders and Couponholders) up to and including the date when, all the Current Issuer Notes Bonds having become due for redemption, the redemption monies moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent oror the Trustee, as the case may be, the Note Trustee PROVIDED THAT provided that if upon due presentation (if required pursuant to the Conditions) of any Note Certificate Bond or Coupon or any cheque cheque, payment of the monies moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.accrue;β€Œ

Appears in 1 contract

Samples: Terms and Conditions

Normal Remuneration. The Current Master Issuer shall (subject as hereinafter provided) pay to the Note Trustee remuneration of such amount as shall from time to time be agreed by the Current Master Issuer and the Note Trustee. The rate of remuneration in force from time to time may upon the final redemption of the whole of the Current Issuer Notes of any Series be reduced by such amount as shall be agreed between the Current Master Issuer and the Note Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each Payment Date subject to and in accordance with the relevant Current Issuer Priority of Payments. Such remuneration shall accrue from day to day and be payable up to and including the date when, all the Current Issuer Notes having become due for redemption, the redemption monies and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Note Trustee PROVIDED THAT if upon due presentation of any Note Certificate or any cheque payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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Normal Remuneration. The Current Issuer shall (subject as hereinafter provided) pay to the Note Trustee remuneration for its services as trustee as from the date of this Trust Deed, such amount remuneration to be at such rate as shall may from time to time be agreed by between the Current Issuer and the Note Trustee. The Such remuneration shall be payable in advance on the anniversary of the date hereof in each year and the first payment shall be made on the date hereof. Upon the issue of any Further Bonds the rate of remuneration in force from time to time may upon the final redemption of the whole of the Current Issuer Notes of any Series immediately prior thereto shall be reduced increased by such amount as shall be agreed between the Current Issuer and the Note Trustee, such reduced increased remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each Payment Date subject to and in accordance with the relevant Current Issuer Priority of Payments. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Bondholders and Couponholders) up to and including the date when, all the Current Issuer Notes Bonds having become due for redemption, the redemption monies moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent oror the Trustee, as the case may be, the Note Trustee PROVIDED THAT provided that if upon due presentation (if required pursuant to the Conditions) of any Note Certificate Bond or Coupon or any cheque cheque, payment of the monies moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.accrue;

Appears in 1 contract

Samples: Agency Agreement (Melco Crown Entertainment LTD)

Normal Remuneration. The Current Master Issuer shall (subject as hereinafter provided) pay to the Note Issuer Security Trustee remuneration of such amount as shall from time to time be agreed by the Current Master Issuer and the Note Issuer Security Trustee. The rate of remuneration in force from time to time may upon the final redemption of the whole of the Current Issuer Notes of any Series be reduced by such amount as shall be agreed between the Current Master Issuer and the Note Issuer Security Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each Monthly Payment Date subject to and in accordance with the relevant Current Issuer Priority of Payments. Such remuneration shall accrue from day to day and be payable up to and including the date when, all the Current Issuer Notes having become due for redemption, the redemption monies and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Note Issuer Security Trustee PROVIDED THAT if upon due presentation of any Note Certificate or any cheque payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.

Appears in 1 contract

Samples: Granite Finance Funding 2 LTD

Normal Remuneration. The Current Master Issuer shall (subject as hereinafter provided) pay to the Note Trustee remuneration of such amount as shall from time to time be agreed by the Current Master Issuer and the Note Trustee. The rate of remuneration in force from time to time may upon an issue of a Series of Issuer Notes hereunder be increased or upon the final redemption of the whole of the Current Issuer Notes of any Series be reduced reduced, in each case by such amount as shall be agreed between the Current Master Issuer and the Note Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall be payable in priority to payments to Noteholders and other Current Issuer Secured Creditors on each Payment Date subject to and in accordance with the relevant Current Issuer Priority of Payments. Such remuneration shall accrue from day to day and be payable up to and including the date when, all the Current Issuer Notes having become due for redemption, the redemption monies and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Note Trustee PROVIDED THAT if upon due presentation of any Note Certificate or any cheque payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to Noteholders is made.

Appears in 1 contract

Samples: Granite Finance Funding 2 LTD

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