Remuneration and Indemnification of Note Trustee Sample Clauses

Remuneration and Indemnification of Note Trustee. 14.1 The Ninth Issuer shall pay to the Note Trustee remuneration for its services as trustee as from the date of this Ninth Issuer Trust Deed, such remuneration to be at such rate and to be paid on such dates as may from time to time be agreed in writing between the Ninth Issuer and the Note Trustee. The rate of remuneration in force from time to time may upon the final redemption of the whole of the Ninth Issuer Notes of any series be reduced by such amount as shall be agreed between the Ninth Issuer and the Note Trustee, such reduced remuneration to be calculated from such date as shall be agreed as aforesaid. Such remuneration shall accrue from day to day and be payable (in priority to payments to the Noteholders) up to and including the date when, all the Ninth Issuer Notes having become due for redemption, the redemption monies and interest thereon to the date of redemption have been paid to the Principal Paying Agent and, where applicable, the Registrar or, as the case may be, the Note Trustee PROVIDED THAT if upon due presentation of any Ninth Issuer Note or any cheque payment of the monies due in respect thereof is improperly withheld or refused, remuneration will commence again to accrue until payment to the Noteholders is made. 14.2 In the event of the occurrence of a Note Event of Default or the Note Trustee considering it necessary or being requested by the Ninth Issuer to undertake duties which the Note Trustee and the Ninth Issuer agree to be of an exceptional nature or otherwise outside the scope of the normal duties of the Note Trustee under these presents the Ninth Issuer shall pay to the Note Trustee such additional remuneration as shall be agreed between them. 14.3 The Ninth Issuer shall pay to the Note Trustee in addition an amount equal to the amount of any VAT or similar tax chargeable in respect of its remuneration under this Deed against production of a valid tax invoice. 14.4 In the event of the Note Trustee and the Ninth Issuer failing to agree: (a) (in a case to which Clause 14.1 above applies) upon the amount of the remuneration; or (b) (in a case to which Clause 14.2 above applies) upon whether such duties shall be of an exceptional nature or otherwise outside the scope of the normal duties of the Note Trustee under these presents, or upon such additional remuneration, such matters shall be determined by a merchant or investment bank (acting as an expert and not as an arbitrator) selected by the Note Trustee and approved by the...

Remuneration and Indemnification of Note Trustee