Common use of Appointment and Removal Clause in Contracts

Appointment and Removal. The Issuer (on the direction of the Manager) may: (a) (Appoint new Agents): appoint: (i) additional or alternative Paying Agents (other than the Principal Paying Agent); or (ii) an alternative Agent Bank, US$ Note Registrar or Principal Paying Agent; and (b) (Terminate appointment of Agents): subject to this Clause 11, terminate the appointment of any Agent by giving written notice to that effect to the Agent whose appointment is to be terminated with a copy to each Rating Agency, the US$ Note Trustee and (if it is not the Agent whose appointment is to be terminated) the Principal Paying Agent:

Appears in 7 contracts

Samples: Agency Agreement (Macquarie Leasing Pty LTD), Agency Agreement (Macquarie Leasing Pty LTD), Agency Agreement (SMART ABS Series 2013-1us Trust)

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