Common use of CBC TRANSACTION ACCOUNTS Clause in Contracts

CBC TRANSACTION ACCOUNTS. The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been established and are operative and that mandates substantially in the Agreed Form have been delivered by the CBC (or the Administrator on behalf of the CBC) to the CBC Account Bank before execution of this Agreement. If, at any time, the short-term unsecured, unsubordinated and unguaranteed debt obligations of the CBC Account Bank are assigned a rating of less than the Requisite Credit Ratings or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies and the Security Trustee and, unless another proposal is approved by the Security Trustee, will take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. Upon the transfer of the CBC Transaction Accounts to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank account; (iii) the provisions of the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank account; and (iv) the arrangements for operation of such bank account shall have the same terms as the CBC Account Agreement, all to the satisfaction of the Security Trustee. In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above, the Administrator shall use its best endeavours, to find an alternative CBC account bank having the Requisite Credit Ratings and acceptable to the Security Trustee and the Rating Agencies.

CBC TRANSACTION ACCOUNTS. 5.1 The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been Account and the Reserve Account will be established and are operative as of the Programme Date and that mandates substantially in the Agreed Form have been will be delivered by the CBC (or the Administrator on behalf of the CBC) to the CBC Account Bank before immediately after the execution of this the CBC Account Agreement. . 5.2 If, at any time, the shortLong-term unsecured, unsubordinated and unguaranteed debt obligations Term Issuer Credit Rating of the CBC Account Bank are is assigned a rating of less than the Requisite Credit Ratings Rating or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies Agency and the Security Trustee and, unless another proposal is approved by the Security Trustee, will Trustee shall take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. . 5.3 Upon the transfer of the CBC Transaction Accounts operative at such time to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts operative at such time are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank accountaccount(s); (iii) materially the same provisions of as those included in the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank accountaccount(s); and (iv) the arrangements for operation of such bank account account(s) shall have the same terms as the CBC Account Agreement, all to the satisfaction of the Security Trustee. . 5.4 In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above, the Administrator shall use its best endeavours, efforts to find an alternative CBC account bank having the Requisite Credit Ratings Rating and acceptable to the Security Trustee and the Rating AgenciesAgency.

CBC TRANSACTION ACCOUNTS. 5.1 The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been established and are operative as of the Programme Date and that mandates substantially in the Agreed Form have been delivered by the CBC (or the Administrator on behalf of the CBC) to the CBC Account Bank before execution of this Agreement. . 5.2 If, at any time, the shortLong-term unsecured, unsubordinated and unguaranteed debt obligations Term Issuer Credit Rating of the CBC Account Bank are assigned a rating of less than falls below the Requisite Credit Ratings Rating or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies Agency and the Security Trustee and, unless another proposal is approved by the Security Trustee, will take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. . 5.3 Upon the transfer of the CBC Transaction Accounts to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank account; (iii) materially the same provisions of as those included in the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank account; and (iv) the arrangements for operation of such bank account account(s) shall have the same terms as the CBC Account Agreement, all to the satisfaction of the Security Trustee. . 5.4 In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above, the Administrator shall use its best endeavoursefforts, to find an alternative CBC account bank having the Requisite Credit Ratings Rating and acceptable to the Security Trustee and shall notify the Rating AgenciesAgency of such termination and alternative CBC account bank.

CBC TRANSACTION ACCOUNTS. 5.1 The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been Account and the Reserve Account will be established and are operative as of the Programme Date and that mandates substantially in the Agreed Form have been will be delivered by the CBC (or the Administrator on behalf of the CBC) to the CBC Account Bank before immediately after the execution of this the CBC Account Agreement. . 5.2 If, at any time, the shortLong-term unsecured, unsubordinated and unguaranteed debt obligations Term Issuer Credit Rating of the CBC Account Bank are is assigned a rating of less than the Requisite Credit Ratings Rating or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies Agency and the Security Trustee and, unless another proposal 53106437 M 55004908 / 3 is approved by the Security Trustee, will Trustee shall take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. . 5.3 Upon the transfer of the CBC Transaction Accounts operative at such time to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts operative at such time are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank accountaccount(s); (iii) materially the same provisions of as those included in the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank accountaccount(s); and (iv) the arrangements for operation of such bank account account(s) shall have the same terms as the CBC Account Agreement, all to the satisfaction of the Security Trustee. . 5.4 In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above, the Administrator shall use its best endeavours, efforts to find an alternative CBC account bank having the Requisite Credit Ratings Rating and acceptable to the Security Trustee and the Rating AgenciesAgency.

CBC TRANSACTION ACCOUNTS. The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been established and are operative and that mandates substantially in the Agreed Form have been delivered by the CBC (or the Administrator on behalf of the CBC) to the CBC Account Bank before execution of this Agreement. If, at any time, the short-term unsecured, unsubordinated and unguaranteed debt obligations of the CBC Account Bank are assigned a rating of less than the Requisite Credit Ratings or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies Agency and the Security Trustee and, unless another proposal is approved by the Security Trustee, will take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. Upon the transfer of the CBC Transaction Accounts to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank account; (iii) materially the same provisions of as those included in the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank account; and (iv) the arrangements for operation of such bank account shall have the same terms as the CBC Account Agreement, all to the satisfaction of the Security Trustee. In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above, the Administrator shall use its best endeavours, to find an alternative CBC account bank having the Requisite Credit Ratings and acceptable to the Security Trustee and shall notify the Rating AgenciesAgency of such termination and alternative CBC account bank.

CBC TRANSACTION ACCOUNTS. ‌ 5.1 The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been established and are operative and that mandates substantially in the Agreed Form have been delivered by the CBC (or the Administrator on behalf of the CBC) to the CBC Account Bank before immediately after the execution of this the CBC Account Agreement. . 5.2 If, at any time, the short-term unsecured, unsubordinated and unguaranteed debt obligations of the CBC Account Bank are assigned a rating of less than the Requisite Credit Ratings or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies and the Security Trustee and, unless another proposal is approved by the Security Trustee, will Trustee shall take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. . 5.3 Upon the transfer of the CBC Transaction Accounts to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank account; (iii) the provisions of the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank account; and (iv) the arrangements for operation of such bank account shall have the same terms as the CBC Account Agreement, all to the satisfaction of the Security Trustee. . 5.4 In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above, the Administrator shall use its best endeavours, efforts to find an alternative CBC account bank having the Requisite Credit Ratings and acceptable to the Security Trustee and the Rating Agencies.

CBC TRANSACTION ACCOUNTS. 5.1 The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been Account and the Reserve Account will be established and are operative as of the Programme Date and that mandates substantially in the Agreed Form have been will be delivered by the CBC (or the Administrator on behalf of the CBC) to the CBC Account Bank before immediately after the execution of this the CBC Account Agreement. . 5.2 If, at any time, the shortLong-term unsecured, unsubordinated and unguaranteed debt obligations Term Issuer Credit Rating of the CBC Account Bank are is assigned a rating of less than the Requisite Credit Ratings Rating or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies Agency and the Security Trustee and, unless another proposal is approved by the Security Trustee, will Trustee shall take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. . 5.3 Upon the transfer of the CBC Transaction Accounts operative at such time to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts operative at such time are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank accountaccount(s); (iii) materially the same provisions of as those included in the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank accountaccount(s); and (iv) the arrangements for operation of such bank account account(s) shall have the same terms as the CBC Account 53108111 M 56155777 / 2 Agreement, all to the satisfaction of the Security Trustee. . 5.4 In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above, the Administrator shall use its best endeavours, efforts to find an alternative CBC account bank having the Requisite Credit Ratings Rating and acceptable to the Security Trustee and the Rating AgenciesAgency.

CBC TRANSACTION ACCOUNTS. ‌ The Administrator hereby confirms to the CBC and to the Security Trustee that the CBC Transaction Accounts have been established and are operative and that mandates substantially in the Agreed Form have been delivered by the CBC (or the Administrator on behalf of the CBC) CBC to the CBC Account Bank before execution of this Agreement. If, at any time, the short-term unsecured, unsubordinated and unguaranteed debt obligations of the CBC Account Bank are assigned a rating of less than the Requisite Credit Ratings or any such rating is withdrawn and, in accordance with the provisions of the CBC Account Agreement, a replacement CBC account bank is to be appointed or in the event that the CBC Account Agreement is terminated for any other reason, the Administrator will on behalf of the CBC give notice thereof to the Rating Agencies and the Security Trustee and, unless another proposal is approved by the Security Trustee, will Trustee shall take all reasonable steps required by the CBC and the Security Trustee in connection with any proposed transfer, including assisting the CBC and the Security Trustee in identifying and appointing a new CBC account bank. bank.‌ Upon the transfer of the CBC Transaction Accounts to another bank the Administrator will take all reasonable steps to procure that (i) the new account(s) is/are pledged to the Security Trustee in the same manner as the CBC Transaction Accounts are pledged to the Security Trustee pursuant to the Security Trustee Rights Pledge Agreement on the Programme Date; (ii) the provisions of this Clause shall apply to such new bank account; (iii) the provisions of the Security Trustee Rights Pledge Agreement relating to payments from the CBC Transaction Accounts shall apply to such new bank account; and (iv) the arrangements for operation of such bank account shall have the same terms as the CBC Account Agreement, all to the satisfaction of the Security Trustee. In case of termination of the CBC Account Agreement, other than as described in Clause 5.2 above5.2, the Administrator shall use its best endeavours, to find an alternative CBC account bank having the Requisite Credit Ratings and acceptable to the Security Trustee and the Rating Agencies.