Common use of Security Agent’s management time and additional remuneration Clause in Contracts

Security Agent’s management time and additional remuneration. (a) Any amount payable to the Security Agent under Clause 16.11 (Secured Parties’ indemnity to the Security Agent), Clause 18 (Costs and expenses) or Clause 19.1 (Indemnity to the Security Agent) shall include the cost of utilising the Security Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Security Agent may notify to the Parent and the Secured Parties, and is in addition to any other fee paid or payable to the Security Agent.

Appears in 2 contracts

Samples: Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (LumiraDx LTD)

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Security Agent’s management time and additional remuneration. (a) Any amount payable to the Security Agent under Clause 16.11 (Secured Parties’ indemnity to the Security Agent), Clause 18 19 (Costs and expenses) or Clause 19.1 20.1 (Indemnity to the Security Agent) ), after the occurrence of an Event of Default which is then continuing, shall include the cost of utilising the Security Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Security Agent may notify to the Parent NAC DAC and the Secured PartiesPrimary Creditors, and is in addition to any other fee paid or payable to the Security Agent.

Appears in 1 contract

Samples: Intercreditor Agreement (NAC Aviation Colorado 1 LLC)

Security Agent’s management time and additional remuneration. (a) Any amount payable to the Security Agent under Clause 16.11 clause 11 (Secured Finance Parties’ indemnity Indemnity to the Security Agent)) of this schedule 10, Clause clause 18 (Costs and expensesExpenses) or Clause 19.1 clause 16.4 (Indemnity to the Security Agent) shall include the cost of utilising the Security Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Security Agent may notify to the Parent Borrower and the Secured other Finance Parties, and is in addition to any other fee paid or payable to the Security Agent.

Appears in 1 contract

Samples: Enstar Group LTD

Security Agent’s management time and additional remuneration. (a) Any amount payable to the Security Agent under Clause 16.11 (Secured Parties’ indemnity to the Security Agent), Clause 18 (Costs and expenses) or Clause 19.1 17.4 (Indemnity to the Security Agent) and this Clause 19 shall include the cost of utilising the Security Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Security Agent may notify to the Parent and the Secured PartiesLenders, and is in addition to any other fee paid or payable to the Security Agent.

Appears in 1 contract

Samples: Senior Facilities Agreement

Security Agent’s management time and additional remuneration. (a) Any amount payable to the Security Agent under Clause 16.11 (Secured Parties’ indemnity to the Security Agent), Clause 18 (Costs and expenses) or Clause 19.1 10.4 (Indemnity to the Security Agent) and this Clause 12 shall include the cost of utilising the Security Agent’s 's management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Security Agent may notify to the Parent Company and the Secured PartiesFinanciers, and is in addition to any other fee paid or payable to the Security Agent.

Appears in 1 contract

Samples: Common Terms Agreement

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Security Agent’s management time and additional remuneration. (a) Any amount payable to the Security Agent under Clause 16.11 16.4 (Secured Parties’ indemnity Obligor’s Indemnity to the Security Agent), ) and Clause 18 (Costs and expenses) or Clause 19.1 (Indemnity to the Security Agent) shall include the cost of utilising the Security Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Security Agent may notify to the Parent Company and the Secured PartiesLenders, and is in addition to any other fee paid or payable to the Security Agent.

Appears in 1 contract

Samples: Facility Agreement (UTAC Holdings Ltd.)

Security Agent’s management time and additional remuneration. (a) Any amount payable to the Security Agent under Clause 16.11 18.11 (Secured PartiesSenior Creditors’ indemnity to the Security Agent), ) and/or Clause 18 (Costs and expenses) or Clause 19.1 21.1 (Indemnity to the Security Agent) shall include the cost of utilising the Security Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Security Agent may notify to the Parent Borrower and the Secured PartiesSenior Creditors, and is in addition to any other fee paid or payable to the Security Agent.

Appears in 1 contract

Samples: Facilities Agreement (RISE Education Cayman LTD)

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