Common use of Change of Bond Trustee Clause in Contracts

Change of Bond Trustee. 8.1 If there is any change in the identity of the Bond Trustee in accordance with the Trust Deed, the parties of this Agreement will execute such documents and take such action as the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purpose of vesting in the successor Bond Trustee the rights of the outgoing Bond Trustee under this Agreement. 8.2 It is hereby acknowledged and agreed that by its execution of this Agreement the Bond Trustee will not assume or have any obligations or liabilities to any of the other parties hereto under this Agreement and that the Bond Trustee has agreed to become a party to this Agreement for the purpose only of taking the benefit of this Agreement and agreeing to amendments thereto. Any liberty or right which may be exercised or any determination which may be made under this Agreement by the Bond Trustee may be exercised or made in the Bond Trustee’s absolute discretion without any obligation to give reasons therefor, and the Bond Trustee will not be responsible for any Liability occasioned by so acting but subject always to the provisions of Article 18 (Bond Trustee’s Liability) of the Trust Deed.

Change of Bond Trustee. 8.1 If there is any change in the identity of the Bond Trustee in accordance with the Trust Deed, the parties of this Agreement will shall execute such documents and take such action as the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purpose of vesting in the successor Bond Trustee the rights of the outgoing Bond Trustee under this Agreement. 8.2 It is hereby acknowledged and agreed that by its execution of this Agreement the Bond Trustee will shall not assume or have any obligations or liabilities to any of the other parties hereto under this Agreement and that the Bond Trustee has agreed to become a party to this Agreement for the purpose only of taking the benefit of this Agreement and agreeing to amendments thereto. Any liberty or right which may be exercised or any determination which may be made under this Agreement by the Bond Trustee may be exercised or made in the Bond Trustee’s 's absolute discretion without any obligation to give reasons therefor, and the Bond Trustee will shall not be responsible for any Liability occasioned by so acting but subject always to the provisions of Article Clause 18 (Bond Trustee’s Liability) of the Trust Deed.

Change of Bond Trustee. 8.1 If there is any change in the identity of the Bond Trustee in accordance with the Trust Deed, the parties of this Agreement will shall execute such documents and take such action as the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purpose of vesting in the successor Bond Trustee the rights of the outgoing Bond Trustee under this Agreement. 8.2 It is hereby acknowledged and agreed that by its execution of this Agreement the Bond Trustee will shall not assume or have any obligations or liabilities to any of the other parties hereto under this Agreement and that the Bond Trustee has agreed to become a party to this Agreement for the purpose only of taking the benefit of this Agreement and agreeing to amendments thereto. Any liberty or right which may be exercised or any determination which may be made under this Agreement by the Bond Trustee may be exercised or made in the Bond Trustee’s 's absolute discretion without any obligation to give reasons therefor, and the Bond Trustee will shall not be responsible for any Liability occasioned by so acting but subject always to the provisions of Article clause 18 (Bond Trustee’s Liability) of the Trust Deed.

Change of Bond Trustee. 8.1 9.1 If there is any change in the identity of the Bond Trustee in accordance with the Trust Deed, the parties of this Agreement will shall execute such documents and take such action as the successor Bond Trustee and the outgoing Bond Trustee may reasonably require for the purpose of vesting in the successor Bond Trustee the rights of the outgoing Bond Trustee under this Agreement. 8.2 9.2 It is hereby acknowledged and agreed that by its execution of this Agreement the Bond Trustee will shall not assume or have any obligations or liabilities to any of the other parties hereto under this Agreement and that the Bond Trustee has agreed to become a party to this Agreement for the purpose only of taking the benefit of this Agreement and agreeing to amendments thereto. Any liberty or right which may be exercised or any determination which may be made under this Agreement by the Bond Trustee may be exercised or made in the Bond Trustee’s 's absolute discretion without any obligation to give reasons therefor, and the Bond Trustee will shall not be responsible for any Liability occasioned by so acting but subject always to the provisions of Article clause 18 (Bond Trustee’s Liability) of the Trust Deed.