Additional Reset Rate Note Agreements Sample Clauses
Additional Reset Rate Note Agreements. (a) The parties hereto acknowledge that the Administrator is authorized, from time to time, either to enter into or to instruct the Eligible Lender Trustee to enter into (in either case, not in their respective individual capacities but solely on behalf of the Issuer) (i) Remarketing Agreements, (ii) Remarketing Agency Agreements, and (iii) Swap Agreements, in addition to the Initial Currency Swap Agreements, with one or more Eligible Swap Counterparties on any Reset Date, and from time to time in the event a Swap Agreement terminates prior to the end of the related Reset Period when (1) any class of Reset Rate Notes is to bear interest at a fixed rate during the upcoming Reset Period, (2) any class of Reset Rate Notes is in Foreign Exchange Mode, or (3) the Remarketing Agents (in consultation with the Administrator) determine that it would be in the best interest of the Issuer based on then-current market conditions during any Reset Period when any class of Reset Rate Notes bears interest at a floating rate of interest, or if otherwise required to satisfy the Rating Agency Condition, to hedge some or all of the basis risk; provided, however, that all such Swap Agreements are entered into using the procedures set forth in the Reset Rate Note Procedures and the Rating Agency Condition is met.
(b) Subject to the provisions of Section 13 of the Reset Rate Note Procedures, the Eligible Lender Trustee hereby agrees (not in its individual capacity but solely as Eligible Lender Trustee on behalf of the Issuer) to enter into such Swap Agreements, Remarketing Agreements and Remarketing Agency Agreements on behalf of the Issuer as the Administrator shall direct in writing from time to time.
(c) The parties acknowledge that at any time and from time to time, the Administrator may determine to seek an alternate listing for the Notes on a stock exchange of international standing, and the Administrator shall notify the parties to this Agreement of any such transfer.
Additional Reset Rate Note Agreements. (a) The parties hereto acknowledge that the Administrator is authorized, from time to time, either to enter into or to instruct the Eligible Lender Trustee to enter into (in either case, not in their respective individual capacities but solely on behalf of the Issuer) (i) Remarketing Agreements, (ii) Remarketing Agency Agreements, and (iii) Swap Agreements with one or more Eligible Swap Counterparties on any Reset Date, and from time to time in the event a Swap Agreement terminates prior to the end of the related Reset Period when (1) the Reset Rate Notes are to bear interest at a fixed rate during the upcoming Reset Period, (2) the Reset Rate Notes are in Foreign Exchange Mode, or (3) the Remarketing Agents (in consultation with the Administrator) determine that it would be in the best interest of the Issuer based on then-current market conditions during any Reset Period when the Reset Rate Notes bear interest at a floating rate of interest, or if otherwise required to satisfy the Rating Agency Condition, to hedge some or all of the basis risk; provided, however, that all such Swap Agreements are entered into using the procedures set forth in the Reset Rate Note Procedures and the Rating Agency Condition is met.
(b) Subject to the provisions of Section 13 of the Reset Rate Note Procedures, the Eligible Lender Trustee hereby agrees (not in its individual capacity but solely as Eligible Lender Trustee on behalf of the Issuer) to enter into such Swap Agreements, Remarketing Agreements and Remarketing Agency Agreements on behalf of the Issuer as the Administrator shall direct in writing from time to time.
(c) The parties acknowledge that at any time and from time to time, the Administrator may determine to seek an alternate listing for the Notes on a stock exchange of international standing, and the Administrator shall notify the parties to this Agreement of any such transfer.