AGENTS TO ACT FOR NOTE TRUSTEE. At any time after an Event of Default in respect of the Notes shall have occurred or at any time after Individual Note Certificates have not been issued when so required in accordance with the terms of the Trust Deed or the Note Trustee shall have received any money which it proposes to pay under Clause 8 of the Trust Deed to the Noteholders or the Notes shall otherwise have become due and repayable:
7.7.1 the Paying Agents and the Registrar shall, if so required by notice in writing given by the Note Trustee to the Issuer, the Paying Agents and the Registrar:
(a) thereafter act as Paying Agents or Registrar, as the case may be, of the Note Trustee in relation to payments in respect of the Notes to be made by or on behalf of the Note Trustee under the terms of the Trust Deed on the terms mutatis mutandis contained herein (save that the Note Trustee's liability under any provisions herein contained for the indemnification of any Paying Agent or the Registrar shall be limited to the amount for the time being held by the Note Trustee on the trusts of the Trust Deed which is available to be applied by the Note Trustee for such purpose) and thereafter hold all Note Certificates and all sums, documents and records held by them in their capacities as Principal Paying Agent, Paying Agent or (as the case may be) Registrar in respect of the Notes on behalf of the Note Trustee; and/or
(b) deliver up all Note Certificates and all sums, documents and records held by them in respect of the Notes to the Note Trustee or as the Note Trustee shall direct in such notice, provided that such notice shall be deemed not to apply to any document or record which the Principal Paying Agent or (as the case may be) the relevant Agent is obliged not to release by any applicable law or regulation; and/or
7.7.2 the Agent Bank shall, if so required by notice in writing given by the Note Trustee to the Agent Bank and until such appointment is terminated by the Note Trustee by notice in writing:
(a) thereafter act as Agent Bank of the Note Trustee in relation to calculations and other related functions to be made or performed by, or on behalf of, the Note Trustee under the terms of the Trust Deed mutatis mutandis on the terms contained herein (save that the Note Trustee's liability under any provision hereof for the indemnification of the Agent Bank shall be limited to the amounts for the time being held by the Note Trustee in respect of principal and interest on the Notes on the trusts of...
AGENTS TO ACT FOR NOTE TRUSTEE. 11.1 Actions of Agents after Notice by Note Trustee of a Note Event of Default: At any time after a Note Event of Default in respect of the Current Issuer Notes or any of them shall have occurred (which shall not have been waived by the Note Trustee or remedied to its satisfaction), the Paying Agents, the Agent Bank, the Transfer Agent and the Registrar shall, if so required by notice in writing given by the Note Trustee to the Current Issuer and the Agents (or such of them as are specified in such notice):
(a) act thereafter, and until otherwise instructed by the Note Trustee, as the Agents of the Note Trustee on the terms mutatis mutandis provided herein (with consequential amendments as necessary and save that the Note Trustee's liability under any provision herein contained for the remuneration indemnification and payment of out-of pocket expenses of such Agents shall be limited to the amount for the time being held by the Note Trustee on the trusts of the Current Issuer Trust Deed which is available to be applied by the Note Trustee for such purpose) and thereafter hold all Note Certificates and all sums, documents and records held by them in their respective capacities in respect of the Current Issuer Notes on behalf of the Note Trustee; and/or
(b) deliver up all Note Certificates and all sums, documents and records held by them in respect of the Current Issuer Notes to the Note Trustee or as the Note Trustee shall direct in such notice, provided that such notice shall be deemed not to apply to any document or record which any Agent is obliged not to release by any applicable law or regulation.
AGENTS TO ACT FOR NOTE TRUSTEE and/or Security Trustee
(a) act thereafter, until otherwise instructed by the Note Trustee and/or Security Trustee, as the agents of the Note Trustee under the terms of the Trust Deed and/or the Security Trustee under the terms of the Deed of Charge as applicable, in relation to payments and calculations to be made by or on behalf of the Note Trustee and/or Security Trustee (save that the Note Trustee's and the Security Trustee's liability under any provisions thereof for indemnification, remuneration and payment of out-of-pocket expenses of the Paying Agents or the Agent Bank shall be limited to the amounts for the time being held by the Note Trustee on the trusts of the Trust Deed and/or the Security Trustee on the trusts of the Deed of Charge and available to the Note Trustee and/or the Security Trustee, as applicable, for such purpose) and thereafter to hold all Notes and all sums, documents and records held by them in respect of Notes on behalf of the Note Trustee; and/or
(b) deliver up all Notes and all sums, documents and records held by them in respect of the Notes held by them in respect of the Notes, to the Note Trustee and/or the Security Trustee or as such Note Trustee and/or Security Trustee shall direct in such notice, provided that such notice shall be deemed not to apply to any document or record which any of the Agents is obliged not to release by any law or regulation.
AGENTS TO ACT FOR NOTE TRUSTEE. At any time after an Event of Default has occurred, the Note Trustee may:
(a) by notice in writing to the Trustee and each Agent, require each Agent thereafter as far as permitted by any applicable law and until notified by the Note Trustee to the contrary:
(i) to act as an agent of the Note Trustee under the Note Trust Deed and the Class A Notes on the terms of this agreement (with consequential amendments as necessary and except that the Note Trustee’s liability for the indemnification, remuneration and expenses of the Agents will be limited to the amounts for the time being held by the Note Trustee in respect of the Class A Notes on the terms of the Note Trust Deed) and thereafter to hold all Class A Notes and all moneys, documents and records held by them in respect of Class A Notes to the order of the Note Trustee; or
(ii) to deliver all Class A Notes and all moneys, documents and records held by it in respect of the Class A Notes to the Note Trustee or as the Note Trustee directs in such notice other than any documents or records which the relevant Agent is obliged not to release by any law or regulation; and
(b) by notice in writing to the Trustee require it to make all subsequent payments in respect of the Class A Notes to or to the order of the Note Trustee and not to the Principal Paying Agent.
AGENTS TO ACT FOR NOTE TRUSTEE. If any Event of Default or Potential Event of Default occurs, the Agents shall, if so required by notice given by the Note Trustee to the Issuer, the Subsidiary Guarantors and the Agents (or such of them as are specified by the Note Trustee):
8.7.1 act thereafter, until otherwise instructed by the Note Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Note Trustee under the Note Trust Deed (save that the Note Trustee’s liability for the indemnification of any of the Agents shall be limited to the amounts for the time being held by the Note Trustee on the trusts of the Note Trust Deed and available to the Note Trustee for such purpose) and thereafter to hold all Note Certificates and all sums, documents and records held by them in respect of the Notes on behalf of the Note Trustee; and/or
8.7.2 deliver up all Note Certificates and all sums, documents and records held by them in respect of the Notes to the Note Trustee or as the Note Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which the any Agent is obliged not to release by any law or regulation.
