Common use of Trustee’s Remuneration and Expenses Clause in Contracts

Trustee’s Remuneration and Expenses. The Corporation covenants that it will pay to the Trustee from time to time reasonable remuneration for its services hereunder and will pay or reimburse the Trustee upon its request for all expenses, disbursements and advances incurred or made by the Trustee in the administration or execution of the trusts hereby created (including the 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 expense, disbursement or advance as may arise out of or result from, principally and directly, the Trustee’s gross negligence, willful misconduct or bad faith.

Appears in 3 contracts

Samples: Warrant Indenture (Oilsands Quest Inc), Warrant Indenture (Oilsands Quest Inc), Warrant Indenture (Oilsands Quest Inc)

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Trustee’s Remuneration and Expenses. The Corporation covenants that it will pay to the Trustee from time to time reasonable remuneration for its services hereunder and 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 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 expense, disbursement or advance as may arise out of or result from, principally and directly, from the Trustee’s gross 's negligence, willful wilful misconduct or bad faith.

Appears in 1 contract

Samples: Warrant Indenture (Seven Seas Petroleum Inc)

Trustee’s Remuneration and Expenses. The Corporation covenants that it will pay to the Trustee from time to time reasonable remuneration for its services hereunder and 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 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 expense, disbursement or advance as may arise out of or result from, principally and directly, from the Trustee’s gross negligence, willful wilful misconduct or bad faith.

Appears in 1 contract

Samples: Warrant Indenture (Oncolytics Biotech Inc)

Trustee’s Remuneration and Expenses. The Corporation covenants that it will pay to the Trustee from time to time reasonable remuneration for its services hereunder and 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 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 expense, disbursement or advance as may arise out from the negligence or bad faith of or result from, principally and directly, the Trustee’s gross negligence, willful misconduct or bad faith.

Appears in 1 contract

Samples: Special Warrant Indenture (Spectrum Signal Processing Inc)

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Trustee’s Remuneration and Expenses. The Corporation covenants that it will pay to the Trustee from time to time reasonable remuneration for its services hereunder and 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 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 under the trusts hereof shall be finally and fully performed, except any such expense, disbursement or advance as may arise out of or result from, principally and directly, the Trustee’s gross negligence, willful misconduct from its negligence or bad faith.

Appears in 1 contract

Samples: Special Warrant Indenture (Brocker Technology Group LTD)

Trustee’s Remuneration and Expenses. The Corporation covenants that it will pay to the Trustee from time to time reasonable remuneration for its services hereunder and will pay or reimburse the Trustee upon its request receipt 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 counsel and all other advisers and assistants not regularly in its employ) both before any default hereunder and thereafter thereunder until all duties of the Trustee hereunder shall be finally and fully performed, except any such expense, disbursement or advance as may arise out of or result from, principally and directly, from the Trustee’s gross 's negligence, willful wilful misconduct or bad faith.

Appears in 1 contract

Samples: Warrant Indenture (Westlink Resources LTD)

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