Common use of Remuneration and costs Clause in Contracts

Remuneration and costs. (a) Without prejudice to Clause 5.7 (Budget and Oversight Protocol and sharing of information), the Deed Administrators shall be: (i) remunerated in respect of any work done by the Deed Administrators and any agent, partner or employee of the Deed Administrators acting on behalf of the Deed Administrators, in connection with the exercise of their powers and discretions and performance of their duties, obligations and responsibilities as Deed Administrators of the Deed Company on a time cost basis and at the scale of rates detailed in the Revised Administrators’ Proposal for insolvency work by Xxxxxxx & Marsal for the provision of services during the Deed Period; and (ii) reimbursed in respect of all costs, fees, disbursements, taxation liabilities (including VAT), and expenses incurred in connection with the performance of their duties, obligations and responsibilities as Deed Administrators (including for the avoidance of doubt in relation to the Related DOCA Creditors). (b) Fees and expenses incurred by the Deed Administrators shall be invoiced monthly (or such other period as the Deed Company, the Deed Administrators and the Creditors’ Committee may reasonably determine) to the Deed Company and shall be paid in full promptly. A copy of the invoice including details of work undertaken as well as a breakdown of the personnel involved shall be provided to the Creditors’ Committee. (c) The Deed Administrators’ right to remuneration shall be without prejudice to their continuing right to remuneration as Administrators, Related Administrators and Related Deed Administrators in accordance with Schedule 12 (Remuneration) of the Regulations. (d) Nothing in this Deed shall release or vary a Deed Company Creditor’s rights pursuant to paragraph 9 of Schedule 12 (Remuneration) of the Regulations. (e) Notwithstanding any other provision of this Deed, the Deed Administrators’ remuneration may also be approved by an order of the Court under Schedule 12 of the Regulations, if required.

Appears in 16 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement

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Remuneration and costs. (a) Without prejudice to Clause 5.7 (Budget and Oversight Protocol and sharing of information), the Deed Administrators shall be: (i) remunerated in respect of any work done by the Deed Administrators and any agent, partner or employee of the Deed Administrators acting on behalf of the Deed Administrators, in connection with the exercise of their powers and discretions and performance of their duties, obligations and responsibilities as Deed Administrators of the Deed Company on a time cost basis and at the scale of rates detailed in the Revised Administrators’ Proposal for insolvency work by Xxxxxxx & Marsal for the provision of services during the Deed Period; and (ii) reimbursed in respect of all costs, fees, disbursements, taxation liabilities (including VAT), and expenses incurred in connection with the performance of their duties, obligations and responsibilities as Deed Administrators (including for the avoidance of doubt in relation to the Related DOCA Creditors)Administrators. (b) Fees and expenses incurred by the Deed Administrators shall be invoiced monthly (or such other period as the Deed Company, the Deed Administrators and the Creditors’ Committee may reasonably determine) to the Deed Company and shall be paid in full promptly. A copy of the invoice including details of work undertaken as well as a breakdown of the personnel involved shall be provided to the Creditors’ Committee. (c) The Deed Administrators’ right to remuneration shall be without prejudice to their continuing right to remuneration as Administrators, Related Group Company Administrators and Related Group Company Deed Administrators in accordance with Schedule 12 (Remuneration) of the Regulations. (d) Nothing in this Deed shall release or vary a Deed Company Creditor’s rights pursuant to paragraph 9 of Schedule 12 (Remuneration) of the Regulations. (e) Notwithstanding any other provision of this Deed, the Deed Administrators’ remuneration may also be approved by an order of the Court under Schedule 12 of the Regulations, if required.

Appears in 15 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement

Remuneration and costs. (a) Without prejudice to Clause 5.7 (Budget and Oversight Protocol and sharing of information), the Deed Administrators shall be: (i) remunerated in respect of any work done by the Deed Administrators and any agent, partner or employee of the Deed Administrators acting on behalf of the Deed Administrators, in connection with the exercise of their powers and discretions and performance of their duties, obligations and responsibilities as Deed Administrators of the Deed Company on a time cost basis and at the scale of rates detailed in the Revised Administrators’ Proposal for insolvency work by Xxxxxxx & Marsal Xxxxxx for the provision of services during the Deed Period; and (ii) reimbursed in respect of all costs, fees, disbursements, taxation liabilities (including VAT), and expenses incurred in connection with the performance of their duties, obligations and responsibilities as Deed Administrators (including for the avoidance of doubt in relation to the Related DOCA Creditors). (b) Fees and expenses incurred by the Deed Administrators shall be invoiced monthly (or such other period as the Deed Company, the Deed Administrators and the Creditors’ Committee may reasonably determine) to the Deed Company and shall be paid in full promptly. A copy of the invoice including details of work undertaken as well as a breakdown of the personnel involved shall be provided to the Creditors’ Committee. (c) The Deed Administrators’ right to remuneration shall be without prejudice to their continuing right to remuneration as Administrators, Related Administrators and Related Deed Administrators in accordance with Schedule 12 (Remuneration) of the Regulations. (d) Nothing in this Deed shall release or vary a Deed Company Creditor’s rights pursuant to paragraph 9 of Schedule 12 (Remuneration) of the Regulations. (e) Notwithstanding any other provision of this Deed, the Deed Administrators’ remuneration may also be approved by an order of the Court under Schedule 12 of the Regulations, if required.

Appears in 4 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement

Remuneration and costs. (a) Without prejudice to Clause 5.7 (Budget and Oversight Protocol and sharing of information), the Deed Administrators shall be: (i) remunerated in respect of any work done by the Deed Administrators and any agent, partner or employee of the Deed Administrators acting on behalf of the Deed Administrators, in connection with the exercise of their powers and discretions and performance of their duties, obligations and responsibilities as Deed Administrators of the Deed Company on a time cost basis and at the scale of rates detailed in the Revised Administrators’ Proposal for insolvency work by Xxxxxxx & Marsal Xxxxxx for the provision of services during the Deed Period; and (ii) reimbursed in respect of all costs, fees, disbursements, taxation liabilities (including VAT), and expenses incurred in connection with the performance of their duties, obligations and responsibilities as Deed Administrators (including for the avoidance of doubt in relation to the Related DOCA Creditors)Administrators. (b) Fees and expenses incurred by the Deed Administrators shall be invoiced monthly (or such other period as the Deed Company, the Deed Administrators and the Creditors’ Committee may reasonably determine) to the Deed Company and shall be paid in full promptly. A copy of the invoice including details of work undertaken as well as a breakdown of the personnel involved shall be provided to the Creditors’ Committee. (c) The Deed Administrators’ right to remuneration shall be without prejudice to their continuing right to remuneration as Administrators, Related Group Company Administrators and Related Group Company Deed Administrators in accordance with Schedule 12 (Remuneration) of the Regulations. (d) Nothing in this Deed shall release or vary a Deed Company Creditor’s rights pursuant to paragraph 9 of Schedule 12 (Remuneration) of the Regulations. (e) Notwithstanding any other provision of this Deed, the Deed Administrators’ remuneration may also be approved by an order of the Court under Schedule 12 of the Regulations, if required.

Appears in 4 contracts

Samples: Deed of Company Arrangement, Deed of Company Arrangement, Deed of Company Arrangement

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Remuneration and costs. (a) Without prejudice to Clause 5.7 (Budget and Oversight Protocol and sharing of information), the Deed Administrators shall be: (i) remunerated in respect of any work done by the Deed Administrators and any agent, partner or employee of the Deed Administrators acting on behalf of the Deed Administrators, in connection with the exercise of their powers and discretions and performance of their duties, obligations and responsibilities as Deed Administrators of the Deed Company on a time cost basis and at the scale of rates detailed in the Revised Administrators’ Proposal Proposals for insolvency work by Xxxxxxx & Marsal Xxxxxx for the provision of services during the Deed Period; and (ii) reimbursed in respect of all costs, fees, disbursements, taxation liabilities (including VAT), and expenses incurred in connection with the performance of their duties, obligations and responsibilities as Deed Administrators (including for the avoidance of doubt in relation to the Related DOCA Creditors)Administrators. (b) Fees and expenses incurred by the Deed Administrators shall be invoiced monthly (or such other period as the Deed Company, the Deed Administrators and the Creditors’ Committee may reasonably determine) to the Deed Company and shall be paid in full promptly. A copy of the invoice including details of work undertaken as well as a breakdown of the personnel involved shall be provided to the Creditors’ Committee. . (c) The Deed Administrators’ right to remuneration shall be without prejudice to their continuing right to remuneration as Administrators, Related Group Company Administrators and Related Group Company Deed Administrators in accordance with Schedule 12 (Remuneration) of the Regulations. (d) Nothing in this Deed shall release or vary a Deed Company Creditor’s rights pursuant to paragraph 9 of Schedule 12 (Remuneration) of the Regulations. (e) Notwithstanding any other provision of this Deed, the Deed Administrators’ remuneration may also be approved by an order of the Court under Schedule 12 of the Regulations, if required.

Appears in 1 contract

Samples: Deed of Company Arrangement

Remuneration and costs. (a) Without prejudice to Clause 5.7 (Budget and Oversight Protocol and sharing of information), the Deed Administrators shall be: (i) remunerated in respect of any work done by the Deed Administrators and any agent, partner or employee of the Deed Administrators acting on behalf of the Deed Administrators, in connection with the exercise of their powers and discretions and performance of their duties, obligations and responsibilities as Deed Administrators of the Deed Company on a time cost basis and at the scale of rates detailed in the Revised Administrators’ Proposal for insolvency work by Xxxxxxx & Marsal Xxxxxx for the provision of services during the Deed Period; and (ii) reimbursed in respect of all costs, fees, disbursements, taxation liabilities (including VAT), and expenses incurred in connection with the performance of their duties, obligations and responsibilities as Deed Administrators (including for the avoidance of doubt in relation to the Related DOCA Creditors). (b) Fees and expenses incurred by the Deed Administrators shall be invoiced monthly (or such other period as the Deed Company, the Deed Administrators and the Creditors’ Committee may reasonably determine) to the Deed Company and shall be paid in full promptly. A copy of the invoice including details of work undertaken as well as a breakdown of the personnel involved shall be provided to the Creditors’ Committee. ,. (c) The Deed Administrators’ right to remuneration shall be without prejudice to their continuing right to remuneration as Administrators, Related Administrators and Related Deed Administrators in accordance with Schedule 12 (Remuneration) of the Regulations. (d) Nothing in this Deed shall release or vary a Deed Company Creditor’s rights pursuant to paragraph 9 of Schedule 12 (Remuneration) of the Regulations. (e) Notwithstanding any other provision of this Deed, the Deed Administrators’ remuneration may also be approved by an order of the Court under Schedule 12 of the Regulations, if required.

Appears in 1 contract

Samples: Deed of Company Arrangement

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