Trustee’s Remuneration. (A) The Company shall pay to the Trustees remuneration as specified in the offer letter ref ATSL/CO/11-12/3112/93 dated October 12, 2011 (in respect of Bonds aggregating Rs.40 crore represented by the XIth Issue, carrying Fixed Coupon Rate Interest of 10.20% per annum) and offer letter ref ATSL/CO/12-13/1382/62 dated June 28, 2012 (in respect of Bonds aggregating Rs. 120 crore represented by the XIIth Issue, carrying Fixed Coupon Rate Interest of 9.25% per annum) issued by the Trustees and accepted by the company.
(B) The Company shall reimburse the Trustees all legal, travelling, conveyance and other costs, charges and expenses incurred by them, their officers, employees or their agents in connection with execution of these presents including costs, charges, expenses of and incidental to the approval and execution of these presents and all other documents affecting the security herein and the Company hereby agrees to indemnify the Trustees against all actions, proceedings, costs, charges, expenses, claims and demands whatsoever which may be brought or made against or incurred by them in respect of any matter or thing done or omitted to be done without their wilful default in respect of or in relation to the Mortgaged Premises and these presents.
Trustee’s Remuneration. (a) Subject to clause 23.3, the Trustee may charge and be paid out of any part of the capital or income of the Trust Fund the remuneration that the Trustee considers to be fair and reasonable. However:
(i) the maximum remuneration chargeable by the Trustee in respect of any Financial Year must not exceed the remuneration of trustee companies provided for in Part 5D.3 of the Corporations Act;
(ii) the first Trustee’s remuneration shall be in accordance with Schedule 9 and includes those costs and expenses under clause 23.2 that form part of the first Trustee’ remuneration; and
(iii) subsequent Trustees’ remuneration must be set out in a remuneration schedule attached to the Deed of Appointment.
(b) Other than in respect of the initial Trustee, to the extent that the costs and expenses of the Trust under clause 23.2 form part of the Trustee’s remuneration under clause 23.1(a), those costs and expenses must be provided for in the Deed of Appointment.
Trustee’s Remuneration. A Trustee may be appointed on such terms as to remuneration whether payable out of the Fund or otherwise as may be agreed from time to time between the Employer and the Trustees and any corporation, company, firm or person to whom payment of remuneration is made under any such agreement may retain that remuneration beneficially. In addition, any firm of which a Trustee is a partner and any corporation in which he is in any way interested is entitled to be paid all proper charges for business transacted, time spent and acts done in connection with the Scheme.
Trustee’s Remuneration. 15.01 Until the trusts hereunder are finally wound up, the Company shall pay to the Trustee for its services as trustee of this Trust Deed, such remuneration as may be agreed upon between the Company and the Trustee, payable annually in
Trustee’s Remuneration. (1) Any Trustee or Sub-trust Protector for the time being hereof being an advocate, solicitor, accountant or other individual engaged in any profession or business or any person associated or in any way connected with such Trustee or Sub-trust Protector (including in the case of a corporate trustee or Sub-trust Protector any person associated with or beneficially interested in the shares of or in any way connected with such corporate trustee or Sub-trust Protector) shall be entitled to charge and be paid all usual professional or other charges for business done and time spent and services rendered by him or his firm and expenses incurred by him or his firm in the execution of the trusts and powers hereof whether in the ordinary course of his profession or business or not and although not of a nature requiring the employment of an advocate solicitor accountant or other professional person and any such person shall be entitled to retain any commission which would or may become payable to him notwithstanding that such commission is payable as a direct or indirect result of any dealing with property which is or may become subject to the trusts hereof.
(2) Any Trustee or Sub-trust Protector for the time being hereof who shall be a company authorised to undertake trust business shall be entitled in addition to reimbursement of its proper expenses to remuneration for its services in accordance with such company's usual or published terms and conditions for trust business in force from time to time.
(3) No Trustee or Sub-trust Protector hereof or director or other officer of any corporation which is a Trustee or the Sub-trust Protector hereof shall be liable to account for any remuneration or other profit received by him in consequence of his acting as or being appointed to be a director or other officer or servant of any company even though his appointment was procured by an exercise by him or by the Trustees of voting rights attached to securities in the Trust Fund or by any abstention from exercising such voting rights.
(4) Any Trustee or Sub-trust Protector for the time being hereof or any person associated or in any way connected with such Trustee or the Sub-trust Protector (including in the case of a corporate trustee or the Sub-trust Protector any person connected with or beneficially interested in the shares of or in any way connected with such Trustee or Sub-trust Protector) who carries on the business of banking may act as banker for this Settlement on t...
Trustee’s Remuneration. The Trustee shall be entitled to charge and be paid and to retain all professional or other proper charges for any business done or time spent or services rendered by it in connection with the trust, powers and provisions of this Deed. The Trustee shall charge a professional fee for its services as will be agreed by the Trustee and the Beneficiary and the fee will be payable on the Commencement Date. The Trustee or any one of their number shall not be liable to the Beneficiary in their capacity as such for any loss arising: Solely from the negligence or fraud of any agent, officer, servant or other person employed by them or otherwise engaged or occupied in connection with the Trust Fund notwithstanding that it may not have been strictly necessary or expedient for any person to be so employed, engaged, occupied; or By reason of any mistake or omission made in good faith by them or any one of them; or By reason of any other matter or thing except their or her own willful fraud or wrongdoing Provided that where the Trustee is in default it shall stand liable for losses incurred and shall indemnify the Beneficiary. The Beneficiary will at all times indemnify and keep indemnified the Trustee against all liabilities which the Trustee may incur by reason of the Property being so registered in the name of the Trustee and in particular will punctually pay all property rates and rents and other demands which the Trustee may be or becomes liable to pay in respect of the Property and all expenses incurred by the Trustee in the execution of the trusts of this deed.
Trustee’s Remuneration. 11.1 The Debenture Trustee’s remuneration shall be set out in the Consent Letter dated January 02, 2024 and bearing reference no. CL/23-2/DEB/1043 entered into between the Issuer and the Debenture Trustee for this purpose.
11.2 The Issuer shall pay to the Debenture Trustee all legal, travelling and other costs, charges and expenses incurred by them, their officers, employees, agents in connection with execution of these presents including costs, charges and expenses of and incidental to the approval and execution of the Transaction Documents provided the Debenture Trustee gives valid supporting reasons for such costs, charges and expenses incurred.
Trustee’s Remuneration. THE Trustees shall be entitled to receive from the Trust Fund reasonable remuneration for acting as trustees and any trustee for the time being hereof being an advocate, solicitor, accountant of other individual engaged in any profession or business or any such person associated with such trustee or in the case of a corporate trustee associated or beneficially interested or in any way connected with such trustee shall be entitled to charge and be paid all usual professional or other charges for business done and time spent and services rendered by him or his firm and expenses incurred by him or his firm in the execution of the trusts and powers hereof whether in the ordinary course of his profession or business or not.
Trustee’s Remuneration. The Company shall pay the Trustee remuneration for its services, in accordance with the Deed of Trust, in the manner described below:
19.1 Within one business day after publication of the Shelf Prospectus to the public, a sum of NIS 5,000.
19.2 One business day after publication to the public of an offering report in respect of a series (in relation to each series separately) a sum of NIS 5,000.
19.3 In respect of each year from the date of publication of the shelf offering report in respect of each series separately (including the first year) and so long as Debentures of that series are still in circulation, to pay one of the following amounts:
19.3.1 In a case in which Hermetic is serving for the time being as trustee for 2 series or more – an amount of NIS 10,000; or
19.3.2 In a case in which Hermetic is serving for the time being as a trustee for one series or less – an amount of NIS 15,000. The amounts according to this Clause 19.3 will be referred to as “the annual remuneration. The annual remuneration shall be paid to the Trustee at the beginning of each year of trust in respect of each series separately. The annual remuneration shall be paid to the Trustee in respect of the period up to the end of the trust period in accordance with the terms and conditions of the Deed of Trust even if a receiver and/or receiver and manager has been appointed for the Company and/or if the trust pursuant to the Deed of Trust is managed under the court’s supervision. If the Trustee’s term of office has come to an end, as stated in Clause 26 above [sic], the Trustee will not be entitled to payment of its remuneration commencing from the date of expiration of its term of office. If the Trustee’s term of office came to an end during the trust year, the remuneration that was paid in respect of the months in which the Trustee did not serve as a trustee for the Company, shall be refunded. The contents of this clause shall not apply with respect to the first year of trust. The Trustee is entitled to reimbursement of the reasonable expenses it incurred in the scope of fulfilling its duties and/or by virtue of powers conferred on it pursuant to the Deed of Trust, including in respect of advertisements in newspapers, provided that in respect of the expenses for an expert opinion, as elucidated in Clause 19.2 above, the Trustee shall give notice in advance of its intention to obtain an expert opinion. The Trustee is entitled to an additional payment, in respect of an act arisin...
Trustee’s Remuneration. The Trustee may charge and be paid out of any part of the capital or income of the Trust Fund the remuneration that the Trustee considers to be fair and reasonable. However, the maximum remuneration chargeable by the Trustee in respect of any Financial Year must not exceed an amount equal to the maximum commission chargeable by Trustee companies under the Trustee Companies Act of any state or territory of Australia in respect of that Financial Year.
