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 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) the reasonable annual fee of the 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 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; 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 any Bonds required to be furnished by the Issuer. In the event the Company should fail to make any of the payments required in this Section 5.07, 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.

Appears in 1 contract

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

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Payments to Trustee. The Company agrees to pay (1i) the initial acceptance fee of the 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 the issuance of the Bonds 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 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 and as Paying Agent, and any other Bond Registrar or 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 fees; providedattorneys’ fees and expenses, that (D) the Company may, without creating a default hereunder, contest in good faith the necessity for any such extraordinary services reasonable fees and extraordinary expenses and the reasonableness of any such fees, charges, or expensesco-trustee appointed under the Indenture, and (ivE) the cost of printing any Bonds required to be furnished by the Issuer. In the event the Company should fail to make any of the payments required in this Section 5.075.06, 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. The provisions of this Section 5.06 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Environmental Power Corp)

Payments to Trustee. The Company agrees to pay (1i) the initial acceptance fee of the Trustee and reasonable costs and expenses, including reasonable attorneys feesfees and expenses, incurred by the Trustee in entering into and executing the Indenture and the issuance of the Bonds 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 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 and as Paying Agent, and any other Bond Registrar or 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 fees; providedfees and expenses, that (D) the Company may, without creating a default hereunder, contest in good faith the necessity for any such extraordinary services reasonable fees and extraordinary expenses and the reasonableness of any such fees, charges, or expensesco-trustee appointed under the Indenture, and (ivE) the cost of printing any Bonds required to be furnished by the Issuer. In the event the Company should fail to make any of the payments required in this Section 5.07, 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. The provisions of this Section 5.07 shall survive termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Environmental Power Corp)

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Payments to Trustee. The Company agrees to pay (1) the initial acceptance fee of the 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) the reasonable annual fee of the 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 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; 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 any Bonds required to be furnished by the Issuer. In the event the Company should fail to make any of the payments required in this Section 5.07, 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.

Appears in 1 contract

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

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