Common use of Appointment conditional upon issuance of Notes Clause in Contracts

Appointment conditional upon issuance of Notes. The appointment pursuant to Clause 2.1 was conditional upon the issue of Notes on the Initial Closing Date and took effect upon and from the Initial Closing Date automatically without any further action on the part of any person. Notwithstanding Clause 2.1, following service of a Note Acceleration Notice, at the written request of the Issuer Security Trustee the Issuer Cash Manager shall cease to act as an agent for the Issuer and shall instead act as an agent of the Issuer Security Trustee with respect to the provision of the services pursuant to this Agreement.

Appointment conditional upon issuance of Notes. The appointment pursuant to Clause 2.1 was (Appointment) is conditional upon the issue of the Notes on the Initial Closing Date and took shall take effect upon and from the Initial Closing Date automatically without any further action on the part of any person. Notwithstanding Clause 2.1, following service of a Note Acceleration Noticeprovided that, at if the written request issue of the Notes by the Issuer has not occurred by 8 October 2018, or such later date as the Issuer, the Arrangers, the Joint Lead Managers, the Note Trustee and the Security Trustee the Issuer Cash Manager may agree, this Agreement shall cease to act as an agent for the Issuer and shall instead act as an agent be of the Issuer Security Trustee with respect to the provision of the services pursuant to this Agreementfurther effect.

Appointment conditional upon issuance of Notes. The appointment pursuant to Clause 2.1 was (Appointment) is conditional upon the issue of the Notes on the Initial Closing Date and took shall take effect upon and from the Initial Closing Date automatically without any further action on the part of any person. Notwithstanding Clause 2.1, following service of a Note Acceleration Noticeprovided that, at if the written request issue of the Notes by the Issuer has not occurred by 9 October 2017, or such later date as the Issuer, the Arrangers, the Joint Lead Managers, the Note Trustee and the Security Trustee the Issuer Cash Manager may agree, this Agreement shall cease to act as an agent for the Issuer and shall instead act as an agent be of the Issuer Security Trustee with respect to the provision of the services pursuant to this Agreementfurther effect.