Common use of Payments to Trustee Clause in Contracts

Payments to Trustee. The Company agrees to pay (1) the initial acceptance fee of the Trustee, as disclosed to and agreed to by the Company, and reasonable costs and expenses, including reasonable attorneys fees, incurred by the Trustee in entering into and executing the Indenture and (2) until the principal of, premium, if any, and interest on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the provisions of the Indenture, (i) an amount equal to the reasonable annual fee of the Trustee, as disclosed to and agreed by the Company for the ordinary services of the Trustee, as trustee, rendered and its reasonable ordinary expenses incurred under the Indenture, including reasonable attorneys fees, as and when the same become due, (ii) the reasonable fees, charges and expenses of the Trustee, as bond registrar and as paying agent, and any other bond registrar or paying agent on the Bonds, as and when the same become due, (iii) the reasonable fees, charges and expenses of the Trustee for the necessary extraordinary services rendered by it and extraordinary expenses incurred by it under the Indenture or this Agreement, as and when the same become due, including reasonable attorneys fees, and (iv) the cost of printing or producing any Bonds required to be furnished by the Issuer. All fees due hereunder shall be agreed between the Trustee and the Company and all costs and expenses shall be deemed due within ten (10) days of written notice to the Company that the same have been incurred. In the event the Company should fail to make any of the payments required in this Section 5.06, the item or installments so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid, and the Company agrees to pay the same with interest thereon, to the extent permitted by Section 5.10 hereof at the Trustee's Prime Rate at the time of such failure from the due date thereof until paid.

Appears in 1 contract

Samples: Loan Agreement (Stratagene Corp)

AutoNDA by SimpleDocs

Payments to Trustee. The Company agrees to pay (1i) the initial acceptance fee of the Trustee, as disclosed to and agreed to by the Company, Trustee and reasonable costs and expenses, including reasonable attorneys feesattorneys’ fees and expenses, incurred by the Trustee in entering into and executing the Indenture and (2ii) until the principal of, premium, if any, and interest on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the provisions of the Indenture, (iA) an amount equal to the reasonable annual fee of the Trustee, as disclosed to and agreed by the Company Trustee for the ordinary services of the Trustee, as trustee, rendered and its reasonable ordinary expenses incurred under the Indenture, including reasonable attorneys feesattorneys’ fees and expenses, as and when the same become due, (iiB) the reasonable fees, charges and expenses of the Trustee, as bond registrar Bond Registrar and as paying agentPaying Agent, and any other bond registrar Bond Registrar or paying agent Paying Agent on the Bonds, as and when the same become due, (iiiC) the reasonable fees, charges and expenses of the Trustee for the necessary extraordinary services rendered by it and extraordinary expenses incurred by it under the Indenture or this Agreement, including, without limitation, the additional compensation described in Section 8.5(f) of the Indenture, as and when the same become due, including reasonable attorneys feesattorneys’ fees and expenses, (D) the reasonable fees and expenses of any co-trustee appointed under the Indenture, and (ivE) the cost of printing or producing any Bonds required to be furnished by the Issuer. All fees due hereunder shall be agreed between the Trustee and the Company and all costs and expenses shall be deemed due within ten (10) days of written notice to the Company that the same have been incurred. In the event the Company should fail to make any of the payments required in this Section 5.06, the item or installments so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid, and the Company agrees to pay the same with interest thereon, to the extent permitted by . The provisions of this Section 5.10 hereof at the Trustee's Prime Rate at the time 5.06 shall survive termination of such failure from the due date thereof until paidthis Agreement.

Appears in 1 contract

Samples: Loan Agreement (Environmental Power Corp)

Payments to Trustee. The Company agrees to pay (1) the initial acceptance fee of the Trustee, as disclosed to and agreed to by the Company, Trustee and reasonable costs and expenses, including reasonable attorneys fees, incurred by the Trustee in entering into and executing the Indenture and the issuance of the Bonds and (2) until the principal of, premium, if any, and interest on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the provisions of the Indenture, (i) an amount equal to the reasonable annual fee of the Trustee, as disclosed to and agreed by the Company Trustee for the ordinary services of the Trustee, as trustee, rendered and its reasonable ordinary expenses incurred under the Indenture, including reasonable attorneys fees, as and when the same become due, (ii) the reasonable fees, charges and expenses of the Trustee, as bond registrar Bond Registrar and as paying agentPaying Agent, and any other bond registrar Bond Registrar or paying agent Paying Agent on the Bonds, as and when the same become due, (iii) the reasonable fees, charges and expenses of the Trustee for the necessary extraordinary services rendered by it and extraordinary expenses incurred by it under the Indenture or this Agreement, as and when the same become due, including reasonable attorneys fees; provided, that the Company may, without creating a default hereunder, contest in good faith the necessity for any such extraordinary services and extraordinary expenses and the reasonableness of any such fees, charges, or expenses, and (iv) the cost of printing or producing any Bonds required to be furnished by the Issuer. All fees due hereunder shall be agreed between the Trustee and the Company and all costs and expenses shall be deemed due within ten (10) days of written notice to the Company that the same have been incurred. In the event the Company should fail to make any of the payments required in this Section 5.065.07, the item or installments so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid, and the Company agrees to pay the same with interest thereon, to the extent permitted by Section 5.10 hereof at the Trustee's Prime Rate at the time of such failure from the due date thereof until paid.

Appears in 1 contract

Samples: Installment Payment Agreement (Central Power & Light Co /Tx/)

Payments to Trustee. The Company agrees to pay (1) the initial acceptance fee of the Trustee, as disclosed to and agreed to by the Company, Trustee and reasonable costs and expenses, including reasonable attorneys fees, incurred by the Trustee in entering into and executing the Indenture and the issuance of the Bonds and (2) until the principal of, premium, if any, and interest on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the provisions of the Indenture, (i) an amount equal to the reasonable annual fee of the Trustee, as disclosed to and agreed by the Company Trustee for the ordinary services of the Trustee, as trustee, rendered and its reasonable ordinary expenses incurred under the Indenture, including reasonable attorneys fees, as and when the same become due, (ii) the reasonable fees, charges and expenses of the Trustee, as bond registrar Bond Registrar and as paying agentPaying Agent, and any other bond registrar Bond Registrar or paying agent Paying Agent on the Bonds, as and when the same become due, (iii) the reasonable fees, charges and expenses of the Trustee for the necessary extraordinary services rendered by it and extraordinary expenses incurred by it under the Indenture or this Agreement, as and when the same become due, including reasonable attorneys fees; provided, that the Company may, without creating a default hereunder, contest in good faith the necessity for any such extraordinary services and extraordinary expenses and the reasonableness of any such fees, charges, or expenses, and (iv) the cost of printing or producing any Bonds required to be furnished by the Issuer. All fees due hereunder shall be agreed between the Trustee and the Company and all costs and expenses shall be deemed due within ten (10) days of written notice to the Company that the same have been incurred. In the event the Company should fail to make any of the payments required in this Section 5.065.07, the item or installments install- ments so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid, and the Company agrees to pay the same with interest thereon, to the extent permitted by Section 5.10 hereof at the Trustee's Prime Rate at the time of such failure from the due date thereof until paid.

Appears in 1 contract

Samples: Installment Payment Agreement (Central Power & Light Co /Tx/)

AutoNDA by SimpleDocs

Payments to Trustee. The Company agrees to pay (1i) the initial acceptance fee of the Trustee, as disclosed to and agreed to by the Company, Trustee and reasonable costs and expenses, including reasonable attorneys feesfees and expenses, incurred by the Trustee in entering into and executing the Indenture and (2ii) until the principal of, redemption premium, if any, and interest on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the provisions of the Indenture, (iA) an amount equal to the reasonable annual fee of the Trustee, as disclosed to and agreed by the Company Trustee for the ordinary services of the Trustee, as trustee, rendered and its reasonable ordinary expenses incurred under the Indenture, including reasonable attorneys feesfees and expenses, as and when the same become due, (iiB) the reasonable fees, charges and expenses of the Trustee, as bond registrar Bond Registrar and as paying agentPaying Agent, and any other bond registrar Bond Registrar or paying agent Paying Agent on the Bonds, as and when the same become due, (iiiC) the reasonable fees, charges and expenses of the Trustee for the necessary extraordinary services rendered by it and extraordinary expenses incurred by it under the Indenture or this Agreement, including, without limitation, the additional compensation described in Section 8.5(f) of the Indenture, as and when the same become due, including reasonable attorneys feesfees and expenses, (D) the reasonable fees and expenses of any co-trustee appointed under the Indenture, and (ivE) the cost of printing or producing any Bonds required to be furnished by the Issuer. All fees due hereunder shall be agreed between the Trustee and the Company and all costs and expenses shall be deemed due within ten (10) days of written notice to the Company that the same have been incurred. In the event the Company should fail to make any of the payments required in this Section 5.065.07, the item or installments so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid, and the Company agrees to pay the same with interest thereon, to the extent permitted by . The provisions of this Section 5.10 hereof at the Trustee's Prime Rate at the time 5.07 shall survive termination of such failure from the due date thereof until paidthis Agreement.

Appears in 1 contract

Samples: Loan Agreement (Environmental Power Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!