Common use of To Pay Trustee’s Remuneration Clause in Contracts

To Pay Trustee’s Remuneration. The Corporation will pay the Trustee reasonable remuneration for its services as Trustee hereunder and will repay to the Trustee on demand all monies which shall have been paid by the Trustee in connection with the execution of the trusts hereby created and such monies including the Trustee’s remuneration, shall be payable out of any funds coming into the possession of the Trustee in priority to payment of any principal of the Debentures or interest or premium thereon. Such remuneration shall continue to be payable until the trusts hereof be finally wound up and whether or not the trusts of this Indenture shall be in the course of administration by or under the direction of a court of competent jurisdiction. Any amount owing hereunder and remaining unpaid after 30 days from the invoice date will bear interest at the then current rate charged by the Trustee against unpaid invoices and shall be payable upon demand. This Section shall survive the resignation or removal of the Trustee and/or the termination of this Indenture.

Appears in 4 contracts

Samples: Subordination Agreement (Mogo Inc.), Convertible Debenture Indenture, Subordination Agreement (Mogo Finance Technology Inc.)

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To Pay Trustee’s Remuneration. The Corporation will pay the Trustee reasonable remuneration for its services as Trustee trustee hereunder and will repay to the Trustee on demand all monies moneys which shall have been paid by the Trustee in connection with the execution of the trusts hereby created and such monies moneys including the Trustee’s remuneration, shall be payable out of any funds coming into the possession of the Trustee in priority to payment of any principal of the Debentures or interest or premium thereon. Such The said remuneration shall continue to be payable until the trusts hereof be are finally wound up and whether or not the trusts of this Indenture shall be in the course of administration by or under the direction of a court of competent jurisdiction. Any amount owing hereunder due under this Section 7.2 and remaining unpaid after within 30 days after demand for such payment by the Trustee shall bear interest from the date of such invoice date will bear interest at a rate per annum equal to the then current rate charged by the Trustee against unpaid invoices and shall be payable upon demandto similar clients. This Section 7.2 shall survive the resignation removal or removal termination of the Trustee and/or and the termination of this Indenture.

Appears in 1 contract

Samples: Kirkland Lake Gold Ltd.

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