Common use of Agents to act for the Trustee Clause in Contracts

Agents to act for the Trustee. If any Event of Default or Potential Event of Default occurs, the Agents shall, if so required by notice given by the Trustee to Compass PLC and/or Compass Finance B.V. (as applicable) in respect of itself and the Agents (or such of them as are specified by the Trustee): 7.7.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed (save that the Trustee's liability for the indemnification of any of the Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed relating to the relevant Notes and available to the Trustee for such purpose) and thereafter to hold all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 deliver up all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which the Agent is obliged not to release by law or regulation.

Appears in 3 contracts

Samples: Issue and Paying Agency Agreement, Issue and Paying Agency Agreement, Issue and Paying Agency Agreement

AutoNDA by SimpleDocs

Agents to act for the Trustee. If any Event of Default or Potential Event of Default occurs, the Agents shall, if so required by notice given by the Trustee to Compass PLC LSEG and/or Compass Finance B.V. LSEG Netherlands or LSEGA (as applicable) in respect of itself and the Agents (or such of them as are specified by the Trustee): 7.7.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed (save that the Trustee's ’s liability for the indemnification of any of the Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed relating to the relevant Notes and available to the Trustee for such purpose) and thereafter to hold all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 deliver up all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which the Agent is obliged not to release by law or regulation.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

Agents to act for the Trustee. If any Event of Default or Potential Event of Default occurs, the Agents shall, if so required by written notice given by the Trustee to Compass PLC and/or Compass Finance B.V. (as applicable) in respect of itself the Issuer and the Agents (or such of them as are specified by the Trustee): 7.7.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed (save that the Trustee's liability for the indemnification of any of the Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed relating to the relevant Notes and available to the Trustee for such purpose) and thereafter to hold all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 deliver up all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons to the Trustee or as the 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 law or regulationany Applicable Law.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

Agents to act for the Trustee. If any Event of Default or Potential Event of Default occurs, the Agents shall, if so required by notice given by the Trustee to Compass PLC and/or Compass Finance B.V. (as applicable) in respect of itself the Issuer and the Agents (or such of them as are specified by the Trustee): 7.7.1 (a) act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed (save that the Trustee's ’s liability for the indemnification of any of the Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed relating to the relevant Notes and available to the Trustee for such purpose) and thereafter to hold all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 (b) deliver up all Notes, Notes and Coupons and Talons and all sums, documents and records held by them in respect of Notes, Notes and Coupons and Talons to the Trustee or as the 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.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

AutoNDA by SimpleDocs

Agents to act for the Trustee. If any Event of Default or Potential Event of Default occurs, the Agents shall, if so required by notice given by the Trustee to Compass PLC LSEG plc and/or Compass Finance B.V. LSEGA, LSEGN or LUFC (as applicable) in respect of itself and the Agents (or such of them as are specified by the Trustee): 7.7.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed (save that the Trustee's ’s liability for the indemnification of any of the Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed relating to the relevant Notes and available to the Trustee for such purpose) and thereafter to hold all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 deliver up all Notes, Coupons and Talons and all sums, documents and records held by them in respect of Notes, Coupons and Talons to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which the Agent is obliged not to release by law or regulation.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!