Common use of REMUNERATION AND INDEMNIFICATION OF TRUSTEE Clause in Contracts

REMUNERATION AND INDEMNIFICATION OF TRUSTEE. 15.1 The Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Bond Trust Deed, such remuneration to be paid annually in advance on the anniversary date of this Bond Trust Deed and at such rate and to be paid on such dates as may from time to time be agreed between the Issuer and the Trustee. Such remuneration shall accrue from day to day and be payable up to and including the date when, all the Bonds having become due for redemption in full, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Trustee, provided that, if upon due presentation of any Bond in accordance with the Conditions, payment of the moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue.

Appears in 1 contract

Samples: Shaw Group Inc

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REMUNERATION AND INDEMNIFICATION OF TRUSTEE. 15.1 The Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Bond Trust Deed, such remuneration to be paid annually in advance on the anniversary date of this Bond Trust Deed and at such rate and to be paid on such dates as may from time to time be agreed between the Issuer and the Trustee. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders and Couponholders) up to and including the date when, all the Bonds Notes having become due for redemption in fullredemption, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Trustee, provided that, Trustee PROVIDED THAT if upon due presentation of any Bond in accordance with the Conditions, Note or Coupon or any cheque payment of the moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue.

Appears in 1 contract

Samples: Trust (Caesars Entertainment, Inc.)

REMUNERATION AND INDEMNIFICATION OF TRUSTEE. 15.1 The Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Bond Trust Deed, such remuneration to be paid annually in advance on the anniversary date of this Bond Trust Deed and at such rate and to be paid on such dates as may from time to time be agreed between the Issuer and the Trustee. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders and Couponholders) up to and including the date when, all the Bonds Notes having become due for redemption in fullredemption, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Trustee, provided that, Trustee PROVIDED THAT if upon due presentation of any Bond in accordance with the Conditions, Note or Coupon payment of the moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrueaccrue until payment thereof.

Appears in 1 contract

Samples: Luxottica Group Spa

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REMUNERATION AND INDEMNIFICATION OF TRUSTEE. 15.1 The Issuer shall pay to the Trustee remuneration for its services as trustee as from the date of this Bond Trust Deed, such remuneration to be paid annually in advance on the anniversary date of this Bond Trust Deed and at such rate and to be paid on such dates as may from time to time be agreed between the Issuer and the Trustee. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders and Couponholders) up to and including the date when, all the Bonds Notes having become due for redemption in fullredemption, the redemption moneys and interest thereon to the date of redemption have been paid to the Principal Paying Agent or, as the case may be, the Trustee, provided that, Trustee PROVIDED THAT if upon due presentation of any Bond in accordance with the Conditions, Note or Coupon or any cheque payment of the moneys due in respect thereof is improperly withheld or refused, remuneration will commence again to accrueaccrue until payment thereof.

Appears in 1 contract

Samples: Luxottica Group Spa

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