Common use of Extra Remuneration Clause in Contracts

Extra Remuneration. In the event of the occurrence of an Insolvency Event or the Common Representative considering it expedient or necessary or being requested by the Issuer (or, if applicable, by any Substitute Credit Institution) to undertake duties which the Common Representative and the Issuer (or, if applicable, any Substitute Credit Institution) agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Common Representative under this Agreement, the Issuer (or if applicable, any such Substitute Credit Institution) shall pay to the Common Representative such additional remuneration as shall be agreed between them.

Appears in 3 contracts

Samples: Common Representative Appointment Agreement, Common Representative Appointment Agreement, Common Representative Appointment Agreement

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Extra Remuneration. In the event of the occurrence of an Insolvency Event or the Common Representative considering it expedient or necessary or being requested by the Issuer (or, if applicable, by any Substitute Credit Institution) to undertake duties which the Common Representative and the Issuer (or, if applicable, by any Substitute Credit Institution) agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Common Representative under this Agreement, the Issuer (or if applicable, any such Substitute Credit Institution) shall pay to the Common Representative such additional remuneration as shall be agreed between them.

Appears in 1 contract

Samples: Representative Appointment Agreement

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