Common use of Change in Specified Office Clause in Contracts

Change in Specified Office. (a) (Agents Change): If any Agent proposes to change its Specified Office (which must be within the same city as its previous Specified Office), it must give to the Issuer the Manager, the Class A-1 Note Trustee and the other Agents not less than 30 days' prior written notice of that change, giving the address of the new Specified Office and stating the date on which the change is to take effect. No change of a Specified Office may occur in the period 30 days before any due date for payment on any Class A-1 Notes. (b) (Notice to Class A-1 Noteholders): The Manager must, within 14 days of receipt of a notice under clause 10.8(a) (unless the appointment is to terminate pursuant to clause 10.1 or 10.2 on or prior to the date of that change) give to the Class A-1 Noteholders notice in accordance with Condition 11.1 of the Class A-1 Note Conditions of that change and of the address of the new Specified Office, but the cost of giving that notice must be borne by the Agent which is changing its Specified Office and not by the Issuer or the Manager.

Appears in 2 contracts

Samples: Agency Agreement (Securitisation Advisory Services Pty LTD 2000 Med Trust), Agency Agreement (Securitisation Advisory Services Pty LTD)

AutoNDA by SimpleDocs

Change in Specified Office. (a) (Agents Change): If any Agent proposes to change its Specified Office (which must be within the same city as its previous Specified Office), it must give to the Issuer the Manager, the Class A-1 Offshore Note Trustee and the other Agents not less than 30 days' prior written notice of that change, giving the address of the new Specified Office and stating the date on which the change is to take effect. No change of a Specified Office may occur in the period 30 days before any due date for payment on any Class A-1 Offshore Notes. (b) (Notice to Class A-1 Offshore Noteholders): The Manager must, within 14 days of receipt of a notice under clause 10.8(a) (unless the appointment is to terminate pursuant to clause 10.1 or 10.2 on or prior to the date of that change) give to the Class A-1 Offshore Noteholders notice in accordance with Condition 11.1 of the Class A-1 Offshore Note Conditions of that change and of the address of the new Specified Office, but the cost of giving that notice must be borne by the Agent which is changing its Specified Office and not by the Issuer or the Manager.

Appears in 1 contract

Samples: Agency Agreement (Securitisation Adv Serv Medallion Trust Series 2004-1g)

AutoNDA by SimpleDocs

Change in Specified Office. (a) (Agents Change): If any Agent proposes to change its Specified Office (which must be within the same city as its previous Specified Office), it must give to the Issuer the Manager, the Class A-1 US Dollar Note Trustee and the other Agents not less than 30 days' prior written notice of that change, giving the address of the new Specified Office and stating the date on which the change is to take effect. No change of a Specified Office may occur in the period 30 days before any due date for payment on any Class A-1 Notes. (b) (Notice to Class A-1 Noteholders): The Manager must, within 14 days of receipt of a notice under clause 10.8(a) (unless the appointment is to terminate pursuant to clause 10.1 or 10.2 on or prior to the date of that change) give to the Class A-1 Noteholders notice in accordance with Condition 11.1 of the Class A-1 US Dollar Note Conditions of that change and of the address of the new Specified Office, but the cost of giving that notice must be borne by the Agent which is changing its Specified Office and not by the Issuer or the Manager.. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Agency Agreement (Securitisation Advisory Services Pty LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!