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 the Issuer, the Guarantor and the Agents: 7.7.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee under the Trust Deed on the terms provided for in this Agreement (with consequential amendments as necessary and save that the Trustee’s liability for the indemnification, remuneration and payment of out-of-pocket expenses 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 Notes and available to the Trustee for such purpose) and thereafter to hold the Note Certificates and all sums, documents and records held by them in respect of the Notes on behalf of the Trustee; and/or 7.7.2 deliver up all Note Certificates and all sums, documents and records held by them in respect of the Notes and the Note Certificates 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: Issue and Paying Agency Agreement, Issue and Paying Agency Agreement

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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 the Issuer, the Guarantor relevant Issuer and the Agents:Agents (or such of them as are specified by the Trustee): 7.7.1 7.5.1 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 on the terms provided for in this Agreement (with consequential amendments as necessary and save that the Trustee’s 's liability for the indemnification, remuneration and payment of out-of-pocket expenses 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 the Note Certificates all Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 7.5.2 deliver up all Note Certificates Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and the Note Certificates 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 any law or regulation.

Appears in 2 contracts

Samples: Issue and Paying Agency Agreement, 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 the Issuer, the Guarantor Guarantors and the Agents:Agents (or such of them as are specified by the Trustee): 7.7.1 7.8.1 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 on the terms provided for in this Agreement (with consequential amendments as necessary and save that the Trustee’s 's liability for the indemnification, remuneration and payment of out-of-pocket expenses 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 the Note Certificates all Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 7.8.2 deliver up all Note Certificates Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and the Note Certificates 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 any law or regulation.

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 written notice given by the Trustee to the Issuer, the Guarantor relevant Issuer and the Agents:Agents (or such of them as are specified by the Trustee): 7.7.1 7.8.1 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 on the terms provided for in this Agreement (with consequential amendments as necessary and save that the Trustee’s 's liability for the indemnification, remuneration and payment of out-of-pocket expenses 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 the Note Certificates all Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 7.8.2 deliver up all Note Certificates Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and the Note Certificates 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

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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 the Issuer, the Guarantor relevant Issuer and the Agents:Agents (or such of them as are specified by the Trustee): 7.7.1 7.5.1 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 on the terms provided for in this Agreement (with consequential amendments as necessary and save that the Trustee’s 's liability for the indemnification, remuneration and payment of out-of-pocket expenses 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 the Note Certificates all Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and Talons on behalf of the Trustee; and/or 7.7.2 7.5.2 deliver up all Note Certificates Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes Notes, Coupons and the Note Certificates 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 any law or regulation.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

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