Common use of Change of Bond Trustee Clause in Contracts

Change of Bond Trustee. 17.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth in Clause 16. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee is elected. 17.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 14, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of the Bond Trustee duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth under the terms of this Bond Agreement.

Appears in 13 contracts

Samples: Bond Agreement (Teekay Offshore Partners L.P.), Bond Agreement (Teekay LNG Partners L.P.), Bond Agreement (Teekay Corp)

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Change of Bond Trustee. 17.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth out in Clause 16. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee is elected. 17.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 14, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of by the Bond Trustee of its duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth out under the terms of this Bond Agreement.

Appears in 9 contracts

Samples: Bond Agreement, Bond Agreement, Bond Agreement (Navigator Holdings Ltd.)

Change of Bond Trustee. 17.3.1 6.4.1. Change of Bond Trustee shall be carried out pursuant to the procedures set forth in Clause 16Section 5. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee is elected. 17.3.2 6.4.2. The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 144.9, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of the Bond Trustee duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 6.4.3. The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth under the terms of this Bond Agreement.

Appears in 8 contracts

Samples: Bond Agreement, Bond Agreement, Bond Agreement

Change of Bond Trustee. 17.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth out in Clause 16. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee is elected. 17.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 14, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of by the Bond Trustee of its duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth under the terms of this Bond Agreement.

Appears in 2 contracts

Samples: Bond Agreement (Golar LNG Partners LP), Bond Agreement (Teekay LNG Partners L.P.)

Change of Bond Trustee. 17.3.1 Change of Bond Trustee bond trustee shall be carried out pursuant to the procedures set forth out in Clause 16. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee bond trustee is elected. 17.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 14, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of by the Bond Trustee of its duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth out under the terms of this Bond Agreement.

Appears in 1 contract

Samples: Bond Agreement

Change of Bond Trustee. 17.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth in Clause 16. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee is elected. 17.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 14, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of the Bond Trustee duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders' Meeting the documentation and information necessary to perform the functions as set forth under the terms of this Bond Agreement.

Appears in 1 contract

Samples: Bond Agreement (Ship Finance International LTD)

Change of Bond Trustee. 17.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth out in Clause 16. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee bond trustee is elected. 17.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 14, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of by the Bond Trustee of its duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth out under the terms of this Bond Agreement.

Appears in 1 contract

Samples: Bond Agreement

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Change of Bond Trustee. 17.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth in Clause 16. The Bond Trustee shall continue to carry out its duties as bond trustee Bond Trustee until such time that a new Bond Trustee bond trustee is elected. 17.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 14, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of the Bond Trustee Trustee’s duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth under the terms of this Bond Agreement.

Appears in 1 contract

Samples: Bond Agreement (North Atlantic Drilling Ltd.)

Change of Bond Trustee. 17.3.1 21.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth out in Clause 1620. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee is elected. 17.3.2 21.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 1418, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of by the Bond Trustee of its duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 21.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders’ Meeting the documentation and information necessary to perform the functions as set forth out under the terms of this Bond Agreement.

Appears in 1 contract

Samples: Bond Agreement

Change of Bond Trustee. 17.3.1 20.3.1 Change of Bond Trustee shall be carried out pursuant to the procedures set forth in Clause 1619. The Bond Trustee shall continue to carry out its duties as bond trustee until such time that a new Bond Trustee is elected. 17.3.2 20.3.2 The fees and expenses of a new bond trustee shall be covered by the Issuer pursuant to the terms set out in Clause 1417, but may be recovered wholly or partially from the Bond Trustee if the change is due to a breach of by the Bond Trustee of its duties pursuant to the terms of this Bond Agreement or other circumstances for which the Bond Trustee is liable. 17.3.3 20.3.3 The Bond Trustee undertakes to co-operate so that the new bond trustee receives without undue delay following the Bondholders' Meeting the documentation and information necessary to perform the functions as set forth under the terms of this Bond Agreement.

Appears in 1 contract

Samples: Bond Agreement (Golar LNG LTD)

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