Common use of Change of Bond Trustee Clause in Contracts

Change of Bond Trustee. In the event that there is any change in the identity of the Bond Trustee, the Cash Manager, solely in its capacity as cash manager, shall execute such documents with any other parties to this Agreement and take such actions as such new Bond Trustee may reasonably require for the purposes of vesting in such new Bond Trustee the rights of the Bond Trustee under this Agreement and under the Security Agreement and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating Agencies.

Appears in 11 contracts

Samples: Cash Management Agreement, Cash Management Agreement, Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership)

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Change of Bond Trustee. In the event that (a) If there is any change in the identity of the Bond TrusteeTrustee in accordance with the Security Agreement, the Account Bank, the Cash Manager, solely in its capacity as cash manager, Manager and the Guarantor shall execute such documents with any other parties to this Agreement and take such actions action as such new the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purposes purpose of vesting in such new the successor Bond Trustee the rights and obligations of the outgoing Bond Trustee under this Agreement and releasing the outgoing Bond Trustee from its future obligations under the Security Agreement and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating Agenciesthis Agreement.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Bank Account Agreement

Change of Bond Trustee. In the event that (a) If there is any change in the identity of the Bond TrusteeTrustee in accordance with the Security Agreement, the Account Bank, the Cash Manager, solely in its capacity as cash manager, Manager and the Guarantor LP shall execute such documents with any other parties to this Agreement and take such actions action as such new the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purposes purpose of vesting in such new the successor Bond Trustee the rights and obligations of the outgoing Bond Trustee under this Agreement and releasing the outgoing Bond Trustee from its future obligations under the Security Agreement and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating Agenciesthis Agreement.

Appears in 3 contracts

Samples: Bank Account Agreement (RBC Covered Bond Guarantor Limited Partnership), Account Agreement, Bank Account Agreement (RBC Covered Bond Guarantor Limited Partnership)

Change of Bond Trustee. In the event that there is any change in the identity of the Bond TrusteeTrustee or an additional Bond Trustee is appointed in accordance with the Security Agreement, as the case may be, the Cash Manager, solely in its capacity as cash manager, shall will execute such documents with any other parties to this Agreement and take such actions as such new Bond Trustee may reasonably require for the purposes of vesting in such new Bond Trustee the rights of the Bond Trustee under this Agreement and under the Security Agreement and while any of the Covered Bonds remain outstanding shall will give notice thereof to the Rating Agencies.

Appears in 2 contracts

Samples: Management Agreement (BMO Covered Bond Guarantor Limited Partnership), Management Agreement (Bank of Nova Scotia /)

Change of Bond Trustee. In the event that (a) If there is any change in the identity of the Bond TrusteeTrustee in accordance with the Security Agreement, the Account Bank, the Cash Manager, solely in its capacity as cash manager, Manager and the Guarantor shall execute such documents with any other parties to this Agreement and take such actions action as such new the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purposes purpose of vesting in such new the successor Bond Trustee the rights and powers of the outgoing Bond Trustee under this Agreement and under the Security Agreement and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating AgenciesAgreement.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement (BMO Covered Bond Guarantor Limited Partnership)

Change of Bond Trustee. In the event that there is any change in the identity of the Bond Trustee, the Cash Manager, solely in its capacity as cash manager, shall execute such documents with any other parties to this Agreement and take such actions as such new Bond Trustee may reasonably require for the purposes of vesting in such new Bond Trustee the rights of the Bond Trustee under this Agreement and under Agreement, the Security Agreement and the Security Documents and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating Agencies.

Appears in 1 contract

Samples: Cash Management Agreement

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Change of Bond Trustee. In the event that (a) If there is any change in the identity of the Bond TrusteeTrustee in accordance with the Security Agreement, the Standby Account Bank, the Cash Manager, solely in its capacity as cash manager, Manager and the Guarantor LP shall execute such documents with any other parties to this Agreement and take such actions action as such new the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purposes purpose of vesting in such new the successor Bond Trustee the rights and obligations of the outgoing Bond Trustee under this Agreement and releasing the outgoing Bond Trustee from its future obligations under the Security Agreement and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating Agenciesthis Agreement.

Appears in 1 contract

Samples: Account Agreement (RBC Covered Bond Guarantor Limited Partnership)

Change of Bond Trustee. In the event that 6.1.1 If there is any change in the identity of the Bond TrusteeTrustee in accordance with the Security Agreement, the Account Depository Institution, the Cash Manager, solely in its capacity as cash manager, Manager and the Guarantor shall execute such documents with any other parties to this Agreement and take such actions action as such new the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purposes purpose of vesting in such new the successor Bond Trustee the rights and obligations of the outgoing Bond Trustee under this Agreement and releasing the outgoing Bond Trustee from its future obligations under the Security Agreement and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating Agenciesthis Agreement.

Appears in 1 contract

Samples: Account Agreement

Change of Bond Trustee. In the event that If there is any change in the identity of the Bond TrusteeTrustee in accordance with the Security Agreement, the Account Bank, the Cash Manager, solely in its capacity as cash manager, shall the GDA Provider and the Guarantor will execute such documents with any other parties to this Agreement and take such actions action as such new the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purposes purpose of vesting in such new the successor Bond Trustee the rights and powers of the outgoing Bond Trustee under this Agreement and releasing the outgoing Bond Trustee from its future obligations under the Security Agreement and while any of the Covered Bonds remain outstanding shall give notice thereof to the Rating Agenciesthis Agreement.

Appears in 1 contract

Samples: Account Agreement (Bank of Nova Scotia /)

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