Common use of Extra Remuneration Clause in Contracts

Extra Remuneration. If an Event of Default or Potential Event of Default shall have occurred or if the Trustee finds it expedient or necessary or is requested by the Issuer or the Guarantor to undertake duties that they both agree to be of an exceptional nature or otherwise outside the scope of the Trustee’s normal duties under this Trust Deed, the Issuer shall pay such additional remuneration as they may agree or, failing agreement as to any of the matters in this Clause (or as to such sums referred to in Clause 8.1 (Normal Remuneration)), as determined by a merchant bank or investment bank (acting as an expert) selected by the Trustee and approved by the Issuer or, failing such approval, nominated by the President for the time being of The Law Society of England and Wales. The reasonable expenses involved in such nomination and such bank’s fee shall be paid by the Issuer. The determination of such merchant bank shall be conclusive and binding on the Issuer, the Trustee, the Noteholders and the Couponholders.

Extra Remuneration. If an Event of Default or a Potential Event of Default shall have occurred or if the Trustee finds it expedient or necessary or is requested by the Issuer or the Guarantor to undertake duties that they both agree to be of an exceptional nature or otherwise outside the scope of the TrusteeTrustee'sTrustee’s normal duties under this Trust Deed, the Issuer shall pay such additional remuneration as they may agree or, failing agreement as to any of the matters in this Clause sub-clause (or as to such sums referred to in Clause 8.1 (Normal Remuneration)9.18.1), as determined by a merchant bank or an investment bank (acting as an expert) selected by the Trustee and approved in writing by the Issuer or, failing such approval, nominated by the President for the time being of The Law Society of England and Wales. The reasonable expenses involved in such nomination and such bankinvestment bank'sbank’s fee shall be paid by the Issuer. The determination of such merchant investment bank shall be conclusive and binding on the Issuer, the Guarantor, the Trustee, the Noteholders and the Couponholders.

Extra Remuneration. If an Event of Default or a Potential Event of Default shall have occurred or if the Trustee finds it expedient or necessary or is requested by the relevant Issuer or the Guarantor to undertake duties that they both agree to be of an exceptional nature or otherwise outside the scope of the Trustee’s normal duties under this Trust Deed, the relevant Issuer shall pay such additional remuneration as they may agree or, failing agreement as to any of the matters in this sub-Clause (or as to such sums referred to in Clause 8.1 (Normal Remuneration)9.18.1), as determined by a merchant bank or an investment bank (acting as an expert) selected by the Trustee and approved in writing by the relevant Issuer or, failing such approval, nominated by the President for the time being of The Law Society of England and Wales. The reasonable expenses involved in such nomination and such investment bank’s fee shall be paid by the relevant Issuer. The determination of such merchant investment bank shall be conclusive and binding on the relevant Issuer, the relevant Guarantor(s), the Trustee, the Noteholders and the Couponholders.

Extra Remuneration. If an Event of Default or Potential Event of Default shall have occurred or if the Trustee finds it expedient or necessary or is requested by the Issuer or the Guarantor to undertake duties that they both agree to be of an exceptional nature or otherwise outside the scope of the Trustee’s normal duties under this Trust Deed, the Issuer shall pay such additional remuneration as they may agree or, failing agreement as to any of the matters in this sub-Clause (or as to such sums referred to in sub-Clause 8.1 17.9(a) (Normal Remuneration)), as determined by a merchant bank or an investment bank (acting as an expertexpert and not as an arbitrator) selected by the Trustee and approved by the Issuer or, failing such approval, nominated by the President for the time being of The Law Society of England and Wales. The reasonable expenses involved in such nomination and such investment bank’s fee shall be paid borne by the Issuer. The determination of such merchant investment bank shall shall, in the absence of manifest error, be conclusive and binding on the Issuer, the Trustee, the Noteholders Trustee and the CouponholdersNoteholders.