Common use of Reduction in Remuneration Clause in Contracts

Reduction in Remuneration. The rate of remuneration in force from time to time may, upon the final redemption of the whole of the Covered Bonds, be reduced by an amount as may from time to time be agreed between the Issuer and the Common Representative. Such reduction in remuneration shall be calculated from the date following such final redemption.

Appears in 5 contracts

Samples: Common Representative Appointment Agreement, Common Representative Appointment Agreement, Common Representative Appointment Agreement

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Reduction in Remuneration. The rate of remuneration in force from time to time may, upon the final redemption of the whole of the Covered BondsNotes of a Class, be reduced by an amount as may from time to time be agreed between the Issuer Issuing Entity and the Common RepresentativeNote Trustee. Such reduction in remuneration shall be calculated from the date following such final redemption.

Appears in 1 contract

Samples: Note Trust Deed (Barclaycard Funding PLC)

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