REMUNERATION OF THE DEBENTUREHOLDERS' REPRESENTATIVE. 5.1 The Issuer shall pay to the Debentureholders' Representative a fee for acting as the Debentureholders' Representative (the "Debentureholders' Representative Fee") equal to the lesser of (i) 0.002% (zero point zero zero two per cent) per annum per series on the remaining of outstanding principal amount of the Debentures or (ii) Baht 30,000 (thirty thousand baht) per annum per series, excluding value added tax and out-of-pocket expenses. The Debentureholders' Representative Fee shall be payable within 15 (fifteen) days after the Issue Date for the first payment and thereafter, annually on each anniversary of the Issue Date after receipt of a written invoice from the Debentureholders' Representative. For the avoidance of doubt, no payment by the Issuer to the Debentureholders' Representative shall be due on the Maturity Date.
REMUNERATION OF THE DEBENTUREHOLDERS' REPRESENTATIVE. 5.1 The Issuer shall pay to the Debentureholders' Representative a fee for acting as the Debentureholders' Representative (the "Debentureholders' Representative Fee") equal to [●] ([●]) per cent per annum on the remaining of outstanding principal amount of the Debentures, excluding value added tax and provided that the Debentureholders' Representative Fee shall be a minimum of Baht [●] ([●]). The Debentureholders' Representative Fee shall be payable in advance on a yearly basis at the beginning of each relevant year to the Debentureholders' Representative by transfer to the following account: Account Name: Securities Services Department Account Bank: Bangkok Bank Public Company Limited Account Type: Current Account Account Number: 101-3-37151-1 and provide a copy of credit advice by email to xxx.xxx@xxxxxxxxxxx.xxx. The first payment shall be made within fifteen (15) business days after receipt of a written invoice from the Debentureholders' Representative. The following payments shall be invoiced on the date falling on each anniversary of the Issue Date thereafter, and in all cases shall be payable within fifteen (15) business days after receipt of such written invoice from the Debentureholders' Representative. For the avoidance of doubt, no payment by the Issuer to the Debentureholders' Representative shall be due on the Maturity Date. In the event that this Agreement is terminated before one year period from the Issue Date or any anniversary date thereof, the Debentureholders' Representative shall proportionately refund the Debentureholders' Representative Fee to the Issuer within fifteen (15) business days after the termination and the Issuer shall pay to the Debentureholders' Representative all outstanding reasonable expenses incurred in accordance with and subject to this Agreement.
