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. 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. (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 Company shall pay the Trustee a fee for its services, in accordance with this Deed of Trust, as described below:
19.1 In respect of its services as a trustee in the first twelve months of its holding office, a sum of NIS 27,500 which shall be paid immediately after completion of the Private Placement.
19.2 Commencing from the second year, the Trustee will be paid an annual fee in a sum of NIS 22,500 in respect of each year in which it serves as trustee for the unpaid balance of the Bonds. The aforesaid amount will be paid at the beginning of each year of the trust in respect of the forthcoming trust year. Notwithstanding the contents of Clause 19.9 below, in the event that the Trustee’s term of office should come to an end during the course of a trust year, the Trustee will be paid its fee for a full year in which it served as trustee for the Bond Holders.
19.3 In respect of each shareholders meeting in which the Trustee participates, the Trustee will be entitled to a fee of NIS 750.
19.4 The Trustee will be entitled to a fee in a sum of NIS 500 for each hour of work, in respect of special actions that may be taken by it in the ordinary course of business in the framework of its serving as trustee, including acts which the Trustee may take in respect of a breach by the Company of the Deed of Trust, the convening of meetings of bond holders or in respect of actions for making the Bonds immediately due and payable, and/or in respect of special actions the Trustee may be required to perform, if required, for purposes of fulfilling its functions in accordance with this Deed of Trust (inter alia, without limitation, distribution of money that has been deposited with the Trustee for the Bond Holders, actions connected with the registration or cancellation of collateral in a register maintained according to law, actions connected with the examining, enforcement and so forth of special obligations on the part of the Company pursuant to the Deed of Trust, including examinations of the conditions of collateral and of obligations).
19.5 The amounts mentioned in Clauses 19.2-19.4 shall be linked to the Consumer Price Index, where the base index is the index in respect of the month of May 2010 which was published on June 15, 2010.
19.6 The Trustee will be entitled to reimbursement of reasonable expenses incurred by it as a result of its holding office as trustee for the Bond Holders.
19.7 If there should be any changes in the provisions of the law pursuant to which...
Trustee’s Remuneration. A Trustee hereunder may from time to time charge and retain out of the income of the Trust Fund such Trustee's commission as shall be agreed between the Trustee and the Unit Holders and if there is more than one Trustee such commission shall be divided between the Trustees as they determine AND IN ADDITION any Trustee or any firm of which a Trustee is a member and any director officer or shareholder of a Trustee being a corporation being an accountant solicitor or other person engaged in any profession trade or calling shall be entitled to make and be paid from time to time all usual and proper charges for both professional and other services in the administration of the Trust Fund done by the Trustee a firm of which the Trustee is a member or any director officer or shareholder of the Trustee being a corporation including any services which a Trustee not being in any profession trade or calling could have done personally.
Trustee’s Remuneration. Any individual Trustee:-
4.7.1 whether or not an officer or employee of the Company or any Subsidiaries may receive and retain as remuneration for his services any sum or sums that the Company may from time to time resolve to pay to him for his services as a Trustee;
4.7.2 having any personal and beneficial interest (actual or prospective) in the decision may vote and take part in any decision of the Trustee on any matter;
Trustee’s Remuneration. Any person acting as a trustee in the course of any profession or business carried on by him may charge and be paid such reasonable charges for so acting as shall from time to time be agreed between him and the Company.
