Common use of Agents may appoint successors Clause in Contracts

Agents may appoint successors. If either the Registrar or Principal Paying Agent gives notice of its resignation in accordance with sub-Clause 14.1 and by the tenth day before the expiry of such notice a successor has not been duly appointed in accordance with sub-Clause 14.4, the relevant Registrar or (as the case may be) the Principal Paying Agent may itself, following such consultation with the Issuer and NN as is practicable in the circumstances and with the prior written approval of the Trustee and at the Issuer’s expense, appoint as its successor any reputable and experienced financial institution and give notice of such appointment to the Issuer, NN, the remaining Agents, the Trustee and the Noteholders, whereupon the Issuer, NN, the remaining Agents, the Trustee and such successor shall acquire and become subject to the same rights and obligations between themselves as if they had entered into an agreement in the form mutatis mutandis of this Agreement.

Agents may appoint successors. ‌ If either the Registrar Registrar, Required Agent or a Principal Paying Agent gives notice of its resignation in accordance with sub-Clause 14.1 12.1 (Resignation) and by the tenth day before the expiry of such notice a successor has not been duly appointed in accordance with sub-Clause 14.412.4 (Additional and Successor Agents), the relevant Registrar or (as the case may be) the Principal Paying Agent or the Required Agent may itself, following such consultation with the Issuer and NN as is practicable in the circumstances and with the prior written approval of the Trustee and at the Issuer’s expenseTrustee, appoint as its successor any reputable and experienced financial institution and give notice of such appointment to the Issuer, NNthe Borrower, the remaining Agents, the Trustee and the Noteholders, whereupon the Issuer, NNthe Borrower, the remaining Agents, the Trustee and such successor shall acquire and become subject to the same rights and obligations between themselves as if they had entered into an agreement in the form mutatis mutandis of this Agreement.

Agents may appoint successors. If either the Registrar or Registrar, the Principal Paying and Transfer Agent or any Required Agent gives notice of its resignation in accordance with sub-Clause 14.1 12.1 (Resignation) and by the tenth day before the expiry of such notice a successor has not been duly appointed in accordance with sub-Clause 14.412.4 (Additional and Successor Agents), the relevant Registrar or (as the case may be) the Principal Paying and Transfer Agent or the Required Agent may itself, following such consultation with the Issuer and NN the Guarantors as is practicable in the circumstances and with the prior written approval of the Trustee and at the Issuer’s expenseTrustee, appoint as its successor any reputable and experienced financial institution and give notice of such appointment to the Issuer, NNIssuer and the Guarantors, the remaining Agents, the Trustee and the Noteholders, whereupon the Issuer, NNthe Guarantors, the remaining Agents, the Trustee and such successor shall acquire and become subject to the same rights and obligations between themselves as if they had entered into an agreement in the form mutatis mutandis of this Agreement.

Agents may appoint successors. If either the Registrar Issuing and Paying Agent, or Principal Paying any other Agent gives notice of its resignation in accordance with sub-Clause 14.1 18.2 (Resignation) and by the tenth day before the expiry of such notice a successor has not duly been duly appointed in accordance with sub-Clause 14.418.1 (Appointment and Termination), the relevant Registrar Issuing and Paying Agent or (as the case may be) the Principal Paying relevant Agent may itself, following such consultation with the agreement of the Relevant Issuer and NN as is practicable in the circumstances and with the prior written approval of the Trustee and at the Issuer’s expenseNote Trustee, appoint as its successor any reputable and or experienced financial institution and give notice of any such appointment to the Relevant Issuer, NN, the remaining Agents, the Note Trustee and the Noteholders, whereupon the Relevant Issuer, NN, the remaining Agents, the Note Trustee and such successor shall acquire and become subject to the same rights and obligations between themselves as if they had entered into an agreement in the form mutatis mutandis of this Agreement.