Common use of Agents to Act for Trustee Clause in Contracts

Agents to Act for Trustee. At any time after an Event of Default or a Potential Event of Default has occurred in relation to the relevant Series of ETP Securities and / or the Security under the Trust Deed relating to the relevant Series of ETP Securities has become enforceable, the Trustee may, by notice in writing to the Issuer and the Agents require the Agents until notified by the Trustee to the contrary and so far as permitted by applicable law to: 2.6.1 act as agent or agents of the Trustee under the relevant Trust Deed and the relevant Series of ETP Securities mutatis mutandis on the terms of this Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and all other expenses of the Agents will be limited to the amounts for the time being held by the Trustee in respect of the relevant Series of ETP Securities on the terms of the Trust Deed and which are available (after application in accordance with the relevant order of priority set out in the Conditions or the Trust Deed, as applicable) to discharge such liability) and thereafter to hold all moneys, documents and records held by them in respect of ETP Securities to the order of the Trustee; or 2.6.2 deliver all moneys, assets, documents and records held by them in respect of the relevant Series of ETP Securities to or to the order of the Trustee or as the Trustee directs in such notice.