Change of an Account Bank. If there is any change in the identity of the Account Bank, the Cash Manager, the Guarantor and the Bond Trustee shall execute such documents and take such actions as each new Account Bank and the outgoing Account Bank and the Bond Trustee may require for the purpose of vesting in each new Account Bank the rights and obligations of the outgoing Account Bank and releasing the outgoing Account Bank from its future obligations under this Agreement.
Appears in 2 contracts
Samples: Bank Account Agreement (BMO Covered Bond Guarantor Limited Partnership), Bank Account Agreement
Change of an Account Bank. If there is any change in the identity of the an Account Bank, the Cash Manager, the Guarantor LLP, the Security Trustee and the Bond Trustee remaining Account Banks shall execute such documents and take such actions as each new Account Bank and the outgoing Account Bank and the Bond Security Trustee may require for the purpose of vesting in each new Account Bank the rights and obligations of the outgoing Account Bank and releasing the outgoing Account Bank from its future obligations under this Agreement.
Appears in 2 contracts
Samples: Bank Account Agreement, Bank Account Agreement
