Remuneration and Expenses of Subscription Receipt Agent. The Company will pay to the Subscription Receipt Agent from time to time reasonable remuneration for the services provided by the Subscription Receipt Agent hereunder and will, on the written request of the Subscription Receipt Agent, pay to or reimburse the Subscription Receipt Agent for all reasonable expenses, disbursements and advances made or incurred by the Subscription Receipt Agent in the administration or execution of the duties and obligations hereof (including reasonable compensation and disbursements of its legal counsel), both before any default hereunder and thereafter until all duties of the Subscription Receipt Agent hereunder have been finally and fully performed, except any such expense, disbursement or advance that arises out of or results from the negligence, wilful misconduct or bad faith of the Subscription Receipt Agent or of persons for whom the Subscription Receipt Agent is responsible. In no event shall any amount payable to the Subscription Receipt Agent hereunder be paid out of the Proceeds unless the Proceeds are, at the time of payment, payable to the Company. The Subscription Receipt Agent shall have no obligation to take any action under this Indenture so long as any payment remains due to the Subscription Receipt Agent for any reasonable fees, expenses and disbursements. Any amount owing under this Section 5.02 and unpaid 30 days after request for such payment will bear interest from the expiration of such 30 days at a rate per annum equal to the then current rate charged by the Subscription Receipt Agent against unpaid invoices payable on demand.
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Samples: Indenture (Postmedia Network Canada Corp.), Indenture (Postmedia Network Canada Corp.)
Remuneration and Expenses of Subscription Receipt Agent. The Company Corporation will pay to the Subscription Receipt Agent from time to time reasonable remuneration for the services provided by the Subscription Receipt Agent thereof rendered hereunder and will, on the written request of the Subscription Receipt Agent, pay to or reimburse the Subscription Receipt Agent for all reasonable expenses, disbursements and advances made or incurred by the Subscription Receipt Agent in the administration or execution of the duties and obligations hereof (including reasonable compensation and disbursements of its legal counselcounsel and other advisers and assistants not regularly in the employment thereof), both before any default hereunder and thereafter until all duties of the Subscription Receipt Agent hereunder have been finally and fully performed, except any such expense, disbursement or advance that arises out of or results from the gross negligence, wilful misconduct or bad faith of the Subscription Receipt Agent or of persons for whom the Subscription Receipt Agent is responsibleAgent. In no event shall any amount payable to the Subscription Receipt Agent hereunder be paid out of the Proceeds unless the Proceeds are, at the time of payment, payable to the Company. The Subscription Receipt Agent shall have no obligation to take any action under this Indenture so long Escrowed Funds or accrued interest thereon except as any payment remains due to the Subscription Receipt Agent for any reasonable fees, expenses and disbursementsprovided in Section 6.3(a). Any amount owing due under this Section 5.02 5.2 and unpaid 30 days after request for such payment will shall bear interest from the expiration of such 30 days at a the standard interest rate per annum equal to the then current rate charged by of the Subscription Receipt Agent against unpaid invoices Agent, as varied from time to time payable on demand.
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Samples: Subscription Receipt Agreement (Renaissance Oil Corp.)
Remuneration and Expenses of Subscription Receipt Agent. The Company will pay to the Subscription Receipt Agent from time to time reasonable remuneration for the services provided by the Subscription Receipt Agent thereof hereunder and will, on the written request of the Subscription Receipt Agent, pay to or reimburse the Subscription Receipt Agent for all reasonable expenses, disbursements and advances made or incurred by the Subscription Receipt Agent in the administration or execution of the duties and obligations hereof (including reasonable compensation and disbursements of its legal counselcounsel and other advisers and assistants not regularly in the employment thereof), both before any default hereunder and thereafter until all duties of the Subscription Receipt Agent hereunder have been finally and fully performed, except any such expense, disbursement or advance that arises out of or results from the gross negligence, wilful misconduct or bad faith of the Subscription Receipt Agent or of persons for whom the Subscription Receipt Agent is responsibleAgent. In no event shall any amount payable to the Subscription Receipt Agent hereunder be paid out of the Proceeds Escrowed Funds unless the Proceeds Escrowed Funds are, at the time of payment, payable to the Company. The Subscription Receipt Agent shall have no obligation to take any action under this Indenture so long as any payment remains due to the Subscription Receipt Agent for any reasonable fees, expenses and disbursements. Any amount owing under this Section 5.02 and unpaid 30 thirty (30) days after request for such payment will bear interest from the expiration of such 30 thirty (30) days at a rate per annum equal to the then current rate charged by the Subscription Receipt Agent against unpaid invoices payable on demand. This Section shall survive the resignation of the Subscription Receipt Agent and/or the termination of this Indenture.
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Samples: www.otcmarkets.com
Remuneration and Expenses of Subscription Receipt Agent. The Company Corporation covenants that it will pay to the Subscription Receipt Agent from time to time reasonable remuneration for the its services provided by the Subscription Receipt Agent hereunder and will, on the written request of the Subscription Receipt Agent, will pay to or reimburse the Subscription Receipt Agent upon its request for all reasonable expenses, disbursements and advances incurred or made or incurred by the Subscription Receipt Agent in the administration or execution of the duties and obligations hereof trusts hereby created (including the reasonable compensation and the disbursements of its legal counsel), Counsel and all other advisers and assistants not regularly in its employ) both before any default hereunder and thereafter until all duties of the Subscription Receipt Agent hereunder have been shall be finally and fully performed, except for any such expense, disbursement or advance that arises out of or results from the Subscription Receipt Agent’s gross negligence, wilful misconduct or bad faith faith. Any amount owing hereunder and remaining unpaid after 30 days from the invoice date will bear interest at the then current rate charged by the Subscription Receipt Agent against unpaid invoices and shall be payable upon demand. This Section shall survive the removal or resignation of the Subscription Receipt Agent or and/or the termination of persons for whom the Subscription Receipt Agent is responsiblethis Agreement. In no event shall any amount payable to the Subscription Receipt Agent hereunder be paid out of the Proceeds Escrowed Funds unless the Proceeds Escrowed Funds are, at the time of payment, payable to the Company. The Subscription Receipt Agent shall have no obligation to take any action under this Indenture so long as any payment remains due to the Subscription Receipt Agent for any reasonable fees, expenses and disbursements. Any amount owing under this Section 5.02 and unpaid 30 days after request for such payment will bear interest from the expiration of such 30 days at a rate per annum equal to the then current rate charged by the Subscription Receipt Agent against unpaid invoices payable on demandCorporation.
Appears in 1 contract
Samples: Subscription Receipt Agreement
Remuneration and Expenses of Subscription Receipt Agent. The Company Corporation will pay to the Subscription Receipt Agent from time to time reasonable remuneration for the services provided by thereof hereunder (and shall be responsible for the Subscription Receipt Agent hereunder payments thereof) and will, on the written request of the Subscription Receipt Agent, pay to or reimburse the Subscription Receipt Agent for all reasonable expenses, disbursements and advances made or incurred by the Subscription Receipt Agent in the administration or execution of the duties and obligations hereof (including reasonable compensation and disbursements of its legal counselcounsel and other advisers and assistants not regularly in the employment thereof), both before any default hereunder and thereafter until all duties of the Subscription Receipt Agent hereunder have been finally and fully performed, except any such expense, disbursement or advance that arises out of or results from the gross negligence, wilful misconduct or bad faith of the Subscription Receipt Agent or of persons for whom Agent. Any amount owing hereunder and remaining unpaid 30 days from the invoice date will bear interest at the then current rate charged by the Subscription Receipt Agent is responsibleagainst unpaid invoices and shall be payable upon demand. This Section shall survive the termination of this Agreement and the removal or resignation of the Subscription Receipt Agent. In no event shall any amount payable to the Subscription Receipt Agent hereunder be paid out of the Proceeds or accrued interest thereon unless the Proceeds and accrued interest are, at the time of payment, payable to the Company. The Subscription Receipt Agent shall have no obligation to take any action under this Indenture so long as any payment remains due to the Subscription Receipt Agent for any reasonable fees, expenses and disbursements. Any amount owing under this Section 5.02 and unpaid 30 days after request for such payment will bear interest from the expiration of such 30 days at a rate per annum equal to the then current rate charged by the Subscription Receipt Agent against unpaid invoices payable on demandCorporation.
Appears in 1 contract
Remuneration and Expenses of Subscription Receipt Agent. The Company will pay to the Subscription Receipt Agent from time to time reasonable remuneration for the services provided by the Subscription Receipt Agent thereof hereunder and will, on the written request of the Subscription Receipt Agent, pay to or reimburse the Subscription Receipt Agent for all reasonable expenses, disbursements and advances made or incurred by the Subscription Receipt Agent in the administration or execution of the duties and obligations hereof (including reasonable compensation and disbursements of its legal counselcounsel and other advisers and assistants not regularly in the employment thereof), both before any default hereunder and thereafter until all duties of the Subscription Receipt Agent hereunder have been finally and fully performed, except any such expense, disbursement or advance that arises out of or results from the gross negligence, wilful misconduct or bad faith of the Subscription Receipt Agent Agent, in either case, or in respect of persons for whom the Subscription Receipt Agent is responsible, or breach by the Subscription Receipt Agent of any of its duties and obligations hereunder. In no event shall any amount payable to the Subscription Receipt Agent hereunder be paid out of the Proceeds Escrowed Funds unless the Proceeds Escrowed Funds are, at the time of payment, payable to the Company. The Subscription Receipt Agent shall have no obligation to take any action under this Indenture Agreement so long as any payment remains due to the Subscription Receipt Agent for any reasonable fees, expenses and disbursements. Any amount owing under this Section 5.02 and unpaid 30 days after request for such payment will bear interest from the expiration of such 30 days at a rate per annum equal to the then current rate charged by the Subscription Receipt Agent against unpaid invoices payable on demand.
Appears in 1 contract
Samples: Subscription Receipt Agreement
Remuneration and Expenses of Subscription Receipt Agent. The Company covenants that it will pay to the Subscription Receipt Agent from time to time reasonable remuneration for the its services provided by the Subscription Receipt Agent hereunder and will, on the written request of the Subscription Receipt Agent, will pay to or reimburse the Subscription Receipt Agent upon its request for all reasonable expenses, disbursements and advances incurred or made or incurred by the Subscription Receipt Agent in the administration or execution of the its duties and obligations hereof hereunder (including the reasonable compensation and the disbursements of Counsel and all other advisers and assistants not regularly in its legal counsel), employ) both before any default hereunder and thereafter until all duties of the Subscription Receipt Agent hereunder have been shall be finally and fully performed, except for any such expense, disbursement or advance that arises out of or results from the Subscription Receipt Agent’s gross negligence, fraud, wilful misconduct or bad faith faith. Any amount owing hereunder and remaining unpaid after 30 days from the invoice date will bear interest at the then current rate charged by the Subscription Receipt Agent against unpaid invoices and shall be payable upon demand. This Section 6.2 shall survive the removal or resignation of the Subscription Receipt Agent or and/or the termination of persons for whom the Subscription Receipt Agent is responsiblethis Agreement. In no event shall any amount payable to the Subscription Receipt Agent hereunder be paid out of the Proceeds Escrowed Funds unless the Proceeds Escrowed Funds are, at the time of payment, payable to the Company. The Subscription Receipt Agent shall have no obligation to take any action under this Indenture so long as any payment remains due to the Subscription Receipt Agent for any reasonable fees, expenses and disbursements. Any amount owing under this Section 5.02 and unpaid 30 days after request for such payment will bear interest from the expiration of such 30 days at a rate per annum equal to the then current rate charged by the Subscription Receipt Agent against unpaid invoices payable on demand.
Appears in 1 contract
Samples: Subscription Receipt Agreement