Remuneration of the Trustee. (A) THE relevant Issuer, failing whom the relevant Guarantor(s), shall (subject as hereinafter provided) pay to the Trustee such remuneration as shall be agreed from time to time between the Issuers and the Trustee as remuneration for its services as Trustee under these presents. Such remuneration shall, unless otherwise agreed, be deemed to accrue from day to day and shall be paid annually in arrear. At any time after the occurrence of an Event of Default or in the event of the Trustee finding it necessary or being required to undertake any exceptional duties (or duties otherwise outside the scope of the normal duties of the Trustee under these presents) in the performance of its trusteeship under these presents the relevant Issuer, failing whom the relevant Guarantor(s), shall pay such additional remuneration as shall be agreed between the Trustee and the relevant Issuer. In the event of the Trustee and the relevant Issuer failing to agree upon whether such duties are of an exceptional nature or otherwise outside the scope of the normal duties of the Trustee under these presents, or failing to agree upon such increased or additional remuneration, such matters shall be determined by a merchant bank (acting as an expert and not as an arbitrator) selected by the Trustee and approved by the relevant Issuer or, failing such approval, nominated by the President for the time being of The Law Society of England and Wales, (the expenses involved in such nomination and the fee of such merchant bank being shared equally between the Trustee and the relevant Issuer) and the decision of any such merchant bank shall be conclusive and binding on the relevant Issuer, the relevant Guarantor(s) and the Trustee.
Remuneration of the Trustee. The TRUSTEE is entitled to receive from the TRUSTOR for its intervention and performance in his capacity as TRUSTEE in this AGREEMENT, a consideration which shall have the following conditions:
Remuneration of the Trustee. The Bank shall pay the Trustee during the continuation of These Presents a sum of Sri Lankan Rupees Twenty Five Thousand (SLR 25,000/-) per month inclusive of government taxes and levies on account of remuneration for the Trustee for its services under These Presents. The said fee shall be paid in advance at the beginning of each bi annual period commencing from the Date of Allotment of the Debentures. Further, the Trustee shall be entitled to reimbursement of all reasonable costs, charges and expenses which the Trustee may incur in relation to the exercise of its duties hereunder from and out of the funds lying to the credit of the Trust hereby created.
Remuneration of the Trustee. 18.1 During the continuance of the trust created hereunder and until the trust is determined, the Trustee’s remuneration shall be as documented in an engagement letter executed between it and the Issuer/ the designated representative of the Issuer.
Remuneration of the Trustee. (a) Except as provided in clauses 8.8(b) and (c), a Trustee (unless the Trustee is also an Eligible Beneficiary) cannot receive any remuneration for its office or any other benefit from the Trust Fund.
Remuneration of the Trustee. The remuneration of the Trustee shall be calculated based upon the average balance of the securities in trust during each fiscal period, at the rate of the aggregate amount of the face value (for securities with face value) or of the issue price (for securities without face value) multiplied by 10/1,000 per annum, plus the amount equivalent to the consumption taxes thereon, and shall be charged to the Trustor on the day following the last day of the fiscal period or on the termination date of the trust. If calculation is made for a period of less than one (1) year, the calculation shall be made based upon the actual number of days during the relevant period (1 year shall be deemed to be 365 days for this purpose). The Trustee may request payment of its remuneration out of the trust property.
Remuneration of the Trustee. References herein to the remuneration of the Trustee shall include any additional remuneration which the Issuer may be required to pay to the Trustee under the terms of any fee arrangement made between the Trustee and the Issuer in relation to this Trust Deed.
Remuneration of the Trustee. The Trustee shall be entitled to a monthly remuneration out of the Trust Property determined in accordance with Annexure “A”. The remuneration shall begin to accrue following the expiry of the Initial Period. For any period other than an Annual Accounting Period such remuneration will be prorated on the basis of the actual number of days for which such remuneration has accrued in proportion to the total number of days in an Annual Accounting Period concerned. Any upward change in the remuneration of trustee from the existing level shall require prior approval of the Commission.
Remuneration of the Trustee
