Common use of REMUNERATION AND INDEMNIFICATION OF TRUSTEE Clause in Contracts

REMUNERATION AND INDEMNIFICATION OF TRUSTEE. (A) THE relevant Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Trust Deed, such remuneration to be at such rate as may from time to time be agreed between the relevant Issuer and the Trustee. Such remuneration shall be payable in arrear on 17th December in each year, the first such payment to be made on 17th December, 1999. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders, Receiptholders and Couponholders) up to and including the date when, all the Notes having become due for redemption, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent or the Trustee PROVIDED THAT if upon due presentation of any Note, Receipt or Coupon or any cheque payment of the moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until such payment is duly made.

Appears in 3 contracts

Samples: Seventh Supplemental Trust (Portugal Telecom SGPS Sa), Portugal Telecom SGPS Sa, PT Portugal, SGPS, S.A.

AutoNDA by SimpleDocs

REMUNERATION AND INDEMNIFICATION OF TRUSTEE. (A) THE relevant 14.1 The Issuer shall pay to the Trustee Trustee, by way of remuneration for its services as trustee as from the date of this Trust Deedthese presents, such remuneration to amount as shall be at such rate as may agreed from time to time be agreed in writing between the relevant Issuer and the Trustee. Such remuneration shall be payable in arrear advance on 17th December the anniversary of the date hereof in each year, year and the first such payment to shall be made on 17th Decemberthe date hereof, 1999unless otherwise agreed in writing between the Issuer and the Trustee. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders, Receiptholders Noteholders and Couponholders) up to and including the date whenon which, all the Notes having become due for redemption, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Issuing and Paying Agent or the Trustee PROVIDED THAT if provided that if, upon due presentation of any Note, Receipt Note or Coupon or any cheque cheque, payment of the moneys due in respect thereof is improperly withheld or refused, remuneration will commence again be deemed not to have ceased to accrue and will continue to accrue until such payment to the relevant Noteholder or Couponholder is duly made.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

REMUNERATION AND INDEMNIFICATION OF TRUSTEE. (A) THE SO long as any Note is outstanding, the relevant Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Trust Deed, such remuneration to be at such rate as may from time to time be agreed between the relevant such Issuer and the Trustee. Such remuneration shall be payable in arrear on 17th December in each year, the first such payment to be made on 17th December, 1999. Such remuneration renumeration shall accrue from day to day and be payable (in priority to payments to the Noteholders, Receiptholders and Couponholders) up down to and including the date when, when all the Notes having become due for redemption, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent or the Trustee PROVIDED THAT Trustee. However, if upon any payment to a Noteholder, Receiptholder or Couponholder of the moneys due presentation in respect of any Note, Receipt or Coupon or any cheque payment of the moneys due in respect thereof is improperly withheld or refusedrefused upon due presentation of such Note, Receipt or Coupon, such remuneration will commence again accrue as from the date of such presentation until payment to accrue until such payment Noteholder, Receiptholder or Couponholder is duly made.

Appears in 1 contract

Samples: Ibm Credit Corp

AutoNDA by SimpleDocs

REMUNERATION AND INDEMNIFICATION OF TRUSTEE. (A) THE relevant Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Trust Deed, such remuneration to be at such rate as may from time to time be agreed between the relevant Issuer and the Trustee. Such remuneration shall be payable in arrear on 17th December in each year, the first such payment to be made on 17th December, 1999. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders, Receiptholders and Couponholders) up to and including the date when, all the Notes having become due for redemption, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent or the Trustee PROVIDED THAT if upon due presentation of any Note, Receipt or Coupon or any cheque payment of the moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until such payment is duly made.

Appears in 1 contract

Samples: Portugal Telecom SGPS Sa

Time is Money Join Law Insider Premium to draft better contracts faster.