Common use of Payment of Certain Fiscal Agent’s Fees Upon Termination Clause in Contracts

Payment of Certain Fiscal Agent’s Fees Upon Termination. If the Fiscal Agent resigns pursuant to Section 13(b) of this Agreement or ceases to act hereunder pursuant to Section 13(c) of this Agreement, the Fiscal Agent shall only be entitled to any annual fees otherwise payable to it under this Agreement on a pro rata basis for that period since the most recent anniversary of this Agreement during which the Fiscal Agent has acted hereunder. In the event that the Fiscal Agent ceases to act as the Province’s fiscal agent hereunder for any other reason, the Fiscal Agent shall be entitled to receive the full amount of the annual fees payable to it pursuant to Section 12 of this Agreement.

Appears in 15 contracts

Samples: Fiscal Agency Agreement (Province of British Columbia), Fiscal Agency Agreement (Province of British Columbia), Fiscal Agency Agreement (Province of British Columbia)

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Payment of Certain Fiscal Agent’s Fees Upon Termination. If the Fiscal Agent resigns pursuant to Section 13(b12(b) of this Agreement or ceases to act hereunder pursuant to Section 13(c12(c) of this Agreement, the Fiscal Agent shall only be entitled to any annual fees otherwise payable to it under this Agreement on a pro rata basis for that period since the most recent anniversary of this Agreement during which the Fiscal Agent has acted hereunder. In the event that the Fiscal Agent ceases to act as the Province’s fiscal agent hereunder for any other reason, the Fiscal Agent shall be entitled to receive the full amount of the annual fees payable to it pursuant to Section 12 11 of this Agreement.

Appears in 1 contract

Samples: Fiscal Agency Agreement (Province of Nova Scotia)

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