Remuneration of Receiver Clause Samples
The 'Remuneration of Receiver' clause defines how and when a court-appointed receiver will be compensated for their services in managing or liquidating assets. Typically, this clause outlines the method of calculating the receiver's fees—such as a fixed amount, hourly rate, or percentage of recovered assets—and specifies who is responsible for payment, often the assets under receivership or the parties to the dispute. Its core practical function is to ensure transparency and fairness in compensating the receiver, thereby facilitating the efficient administration of the receivership without disputes over payment.
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Remuneration of Receiver. The Security Agent may from time to time fix the remuneration of any Receiver appointed by it.
Remuneration of Receiver. Every Receiver shall be entitled to remuneration for his services at a reasonable rate to be fixed by agreement between him and the Collateral Agent (or, failing such agreement, to be fixed by the Collateral Agent) appropriate to the work and responsibilities involved upon the basis of charging from time to time adopted in accordance with his current practice or the current practice of his firm.
Remuneration of Receiver. Every Receiver so appointed shall be entitled to remuneration for his services at a rate to be fixed by agreement between him and the Security Trustee (or, failing such agreement, to be fixed by the Security Trustee) appropriate to the work and responsibilities involved upon the basis of charging from time to time adopted in accordance with his current practice or the current practice of his firm and without being limited to the maximum rate specified in Section 109(6) of the Law of Property ▇▇▇ ▇▇▇▇.
Remuneration of Receiver. The Security Trustee may from time to time determine the remuneration of any Receiver appointed by it without the limitations imposed by section 109 of the Law of Property ▇▇▇ ▇▇▇▇. A Receiver shall be entitled to remuneration appropriate to the work and responsibilities involved upon the basis of charging from time to time adopted by the Receiver in accordance with the current practice of his firm.
Remuneration of Receiver. The Security Agent may (subject to section 36 of the Insolvency Act 1986) reasonably determine the remuneration of any Receiver appointed by it and any maximum rate imposed by any law (including under section 109(6) of the Law of Property Act 1925) shall not apply to this Security Agreement and may direct payment of such remuneration out of moneys accruing to him as Receiver, but the Chargor alone shall be liable for the payment of such remuneration and for all other reasonable costs, charges, losses, liabilities and expenses of the Receiver.
Remuneration of Receiver. The Collateral Agent may from time to time fix the remuneration of any Receiver appointed by it.
Remuneration of Receiver. The Interim Security Agent may from time to time fix the remuneration of any Receiver appointed by it.
Remuneration of Receiver. Any Receiver shall be entitled to remuneration appropriate to the work and responsibilities involved upon the basis of charging from time to time adopted by the Receiver in accordance with the current practice of his firm.
Remuneration of Receiver. The Chargee may from time to time fix the remuneration of any Receiver appointed by it.
Remuneration of Receiver. The Security Trustee must fix the remuneration of a Receiver in accordance with the terms of the Extraordinary Resolution passed under clause 8.2(b).