Common use of Remuneration of Receiver Clause in Contracts

Remuneration of Receiver. Every Receiver shall be entitled to remuneration for his services at a reasonable rate to be fixed by agreement between him and the Collateral Agent (or, failing such agreement, to be fixed by the Collateral Agent) appropriate to the work and responsibilities involved upon the basis of charging from time to time adopted in accordance with his current practice or the current practice of his firm.

Appears in 5 contracts

Samples: Share Mortgage (3com Corp), Share Charge (3com Corp), Share Charge (3com Corp)

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