Common use of Extra Remuneration Clause in Contracts

Extra Remuneration. In the event of the occurrence of a Note Event of Default or the Issuer Security Trustee considering it expedient or necessary or being requested by the Master Issuer to undertake duties which the Issuer Security Trustee and the Master Issuer agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Issuer Security Trustee under this Deed, the Master Issuer shall pay to the Issuer Security Trustee such additional remuneration as shall be agreed between them;

Appears in 2 contracts

Sources: Issuer Deed of Charge (Granite Finance Trustees LTD), Issuer Deed of Charge (Granite Finance Funding 2 LTD)

Extra Remuneration. In the event of the occurrence of a Note Event of Default or the Issuer Security Trustee considering it expedient or necessary or being requested by the Master Issuer to undertake duties which the Issuer Security Trustee and the Master Issuer agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Issuer Security Trustee under this Deed, the Master Issuer shall pay to the Issuer Security Trustee such additional remuneration and on such Monthly Payment Dates as shall shall, in each case, be agreed between them;

Appears in 1 contract

Sources: Issuer Deed of Charge (Granite Finance Trustees LTD)