Common use of Normal Remuneration Clause in Contracts

Normal Remuneration. the Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Trust Deed, such remuneration to be at such rate as may from time to time be agreed between the Issuer and the Trustee. 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. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders and Couponholders) up to and including the date when, all the 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 the Trustee, provided that if upon due presentation (if required pursuant to the Conditions) of any Note or Coupon or any cheque, payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue;

Appears in 2 contracts

Samples: Agency Agreement (Georgia Worldwide PLC), Agency Agreement (Georgia Worldwide PLC)

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Normal Remuneration. the The Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Trust Deed, such remuneration to be at such rate as may from time to time be agreed between the Issuer and the Trustee. 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. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders and Couponholders) Noteholders, Receiptholders or Couponholders up to and including the date when, all the Notes 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 or the Trustee, provided that if upon due presentation (if required pursuant to the Conditions) of any Note Note, Receipt or Coupon or any cheque, payment of the monies moneys due in respect thereof is improperly withheld or refused, remuneration will be deemed not to have ceased to accrue and will commence again to accrue;accrue until payment to such Noteholder, Receiptholder or Couponholder is made).

Appears in 1 contract

Samples: Intercontinental Hotels Group PLC /New/

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Normal Remuneration. the The Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Trust Deed, such remuneration to be at such rate as may from time to time be agreed between the Issuer and the Trustee. 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. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders and CouponholdersNoteholders) up to and including the date when, all the Notes having become due for redemption, the redemption monies moneys and interest thereon to the date of redemption have been paid to the Principal Paying and Conversion Agent or the Trustee, provided that if upon due presentation (if required pursuant to the Conditions) of any Note or Coupon Certificate or any cheque, payment of the monies moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue;

Appears in 1 contract

Samples: BMB Munai Inc

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