Common use of To Pay Trustee Remuneration and Expenses Clause in Contracts

To Pay Trustee Remuneration and Expenses. The Company covenants that it shall pay to the Trustee from time to time reasonable remuneration for its services hereunder and shall pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in the administration or execution of the trusts hereby created (including the reasonable compensation and the disbursements of its Counsel and all other advisers and assistants not regularly in its employ) both before any default hereunder and thereafter until all duties of the Trustee hereunder shall be finally and fully performed, except any such expenses, disbursement or advance as may arise out of or result from the Trustee’s gross negligence, wilful misconduct or fraud. The Trustee shall not have any recourse against the securities or any other property held by it pursuant to this Indenture for payment of its fees.

Appears in 2 contracts

Samples: Special Warrant Indenture, Special Warrant Indenture (Sandspring Resources Ltd.)

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To Pay Trustee Remuneration and Expenses. The Company covenants that it shall pay to the Trustee from time to time reasonable remuneration for its services hereunder and shall pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in the administration or execution of the trusts hereby created (including the reasonable compensation and the disbursements of its Counsel and all other advisers and assistants not regularly in its employ) both before any default hereunder and thereafter until all duties of the Trustee hereunder shall be finally and fully performed, except any such expenses, disbursement or advance as may arise out of or result from the Trustee’s gross 's negligence, wilful misconduct or fraudbad faith. The Trustee shall not have any recourse against the securities or any other property held by it pursuant to this Indenture for payment of its fees.

Appears in 1 contract

Samples: Warrant Indenture (Northern Orion Resources Inc)

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To Pay Trustee Remuneration and Expenses. The Company covenants that it shall will pay to the Trustee from time to time reasonable remuneration for its services hereunder and shall will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in the administration or execution of the trusts hereby created (including the reasonable compensation and the disbursements of its Counsel and all other advisers and assistants not regularly in its employ) both before any default hereunder and thereafter until all duties of the Trustee hereunder shall be finally and fully performed, except any such expenses, disbursement or advance as may arise out of or result from the Trustee’s gross 's negligence, wilful misconduct or fraudbad faith. The Trustee shall not have any recourse against the securities or any other property held by it pursuant to this Indenture for payment of its fees.

Appears in 1 contract

Samples: Warrant Indenture (Northern Orion Resources Inc)

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