Change of an Account Bank. If there is any change in the identity of an Account Bank, the Cash Manager, the LLP, the Security Trustee and the remaining Account Banks shall execute such documents and take such actions as each new Account Bank and the outgoing Account Bank and the 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: Account Agreement, Account Agreement
Change of an Account Bank. If there is any change in the identity of an the Account Bank, the Cash Manager, the LLP, the Security Trustee Guarantor and the remaining Account Banks Bond Trustee shall execute such documents and take such actions as each new Account Bank and the outgoing Account Bank and the Security 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: Account Agreement, Account Agreement (BMO Covered Bond Guarantor Limited Partnership)