Common use of Change of Paying Agent or Registrar Clause in Contracts

Change of Paying Agent or Registrar. (a) Any time, other than on a day during the forty-five (45) day period preceding any payment date for the Notes, the Paying Agent or the Registrar may resign by giving at least forty-five (45) days’ prior written notice to the Issuers; and the Paying Agent’s or the Registrar’s agency shall be terminated and their duties shall cease upon expiration of such forty-five (45) days or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the Issuers. At any time, following at least forty-five (45) days’ prior written notice (or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the Issuers) from the Issuers, the Paying Agent and the Registrar may be removed from their agency. Such removal shall become effective upon the expiration of the forty-five (45) day or agreed lesser time period (provided that any such removal shall be immediate in case the Paying Agent or the Registrar shall be adjudicated bankrupt or insolvent), and upon payment to the Paying Agent and the Registrar of all amounts payable to them in connection with their agency. In such event, following payment in full of their outstanding fees and expenses, the outgoing Paying Agent shall deliver to the Issuers, or to the Issuers’ designated representative, all Notes (if any) and cash (if any) belonging to the Issuers and, at the Issuers’ reasonable expense, shall furnish to the Issuers, or to the Issuers’ designated representative, such information regarding the status of the Issuers’ outstanding Notes reasonably requested by the Issuers. (b) Any Person into which a Paying Agent or the Registrar may be merged or consolidated or any Person resulting from any merger or consolidation to which such Paying Agent or Registrar is a party or any Person to which such Paying Agent or Registrar shall sell or otherwise transfer all or substantially all of its corporate trust or agency assets shall on the date on which such merger, consolidation or transfer becomes effective, become the successor to such Paying Agent or Registrar under this Article 11 without the execution or filing of any paper or any further act on the part of the parties hereto.

Change of Paying Agent or Registrar. (a) Any time, other than on a day during the forty-five (45) day period preceding any payment date for the Notes, the Paying Agent or the Registrar may resign by giving at least forty-five (45) days’ ' prior written notice to the IssuersIssuer; and the Paying Agent’s 's or the Registrar’s 's agency shall be terminated and their duties shall cease upon expiration of such forty-five (45) days or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the IssuersIssuer. At any time, following at least forty-five (45) days’ ' prior written notice (or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the IssuersIssuer) from the IssuersIssuer, the Paying Agent and the Registrar may be removed from their agency. Such removal shall become effective upon the expiration of the forty-five (45) day or agreed lesser time period (provided that any such removal shall be immediate in case the Paying Agent or the Registrar shall be adjudicated bankrupt or insolvent), and upon payment to the Paying Agent and the Registrar of all amounts payable to them in connection with their agency. In such event, following payment in full of their outstanding fees and expenses, the outgoing Paying Agent shall deliver to the IssuersIssuer, or to the Issuers’ Issuer's designated representative, all Notes (if any) and cash (if any) belonging to the Issuers Issuer and, at the Issuers’ Issuer's reasonable expense, shall furnish to the IssuersIssuer, or to the Issuers’ Issuer's designated representative, such information regarding the status of the Issuers’ Issuer's outstanding Notes reasonably requested by the IssuersIssuer. (b) Any Person into which a Paying Agent or the Registrar may be merged or consolidated or any Person resulting from any merger or consolidation to which such Paying Agent or Registrar is a party or any Person to which such Paying Agent or Registrar shall sell or otherwise transfer all or substantially all of its corporate trust or agency assets shall on the date on which such merger, consolidation or transfer becomes effective, become the successor to such Paying Agent or Registrar under this Article 11 Eleven without the execution or filing of any paper or any further act on the part of the parties hereto.

Change of Paying Agent or Registrar. (a) Any time, other than on a day during the forty-five (45) day period preceding any payment date for the Notes, the Paying Agent or the Registrar may resign by giving at least forty-five (45) days'’ prior written notice to the IssuersIssuer; and the Paying Agent’s 's or the Registrar’s agency shall be terminated and their duties shall cease upon expiration of such forty-five (45) days or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the IssuersIssuer. At any time, following at least forty-five (45) days’ ' prior written notice (or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the IssuersIssuer) from the IssuersIssuer, the Paying Agent and the Registrar may be removed from their agency. Such removal shall become effective upon the expiration of the forty-five (45) day or agreed lesser time period (provided that any such removal shall be immediate in case the Paying Agent or the Registrar shall be adjudicated bankrupt or insolvent), and upon payment to the Paying Agent and the Registrar of all amounts payable to them in connection with their agency. In such event, following payment in full of their outstanding fees and expenses, the outgoing Paying Agent shall deliver to the IssuersIssuer, or to the Issuers’ Issuer’s designated representative, all Notes (if any) and cash (if any) belonging to the Issuers Issuer and, at the Issuers’ Issuer’s reasonable expense, shall furnish to the IssuersIssuer, or to the Issuers’ Issuer’s designated representative, such information regarding the status of the Issuers’ Issuer’s outstanding Notes reasonably requested by the IssuersIssuer. (b) Any Person into which a Paying Agent or the Registrar may be merged or consolidated or any Person resulting from any merger or consolidation to which such Paying Agent or Registrar is a party or any Person to which such Paying Agent or Registrar shall sell or otherwise transfer all or substantially all of its corporate trust or agency assets shall on the date on which such merger, consolidation or transfer becomes effective, become the successor to such Paying Agent or Registrar under this Article 11 Eleven without the execution or filing of any paper or any further act on the part of the parties hereto.

Change of Paying Agent or Registrar. (a) Any time, other than on a day during the forty-five (45) day period preceding any payment date for the Notes, the Paying Agent or the Registrar may resign by giving at least forty-five (45) days’ prior written notice to the IssuersIssuer; and the Paying Agent’s 's or the Registrar’s agency shall be terminated and their duties shall cease upon expiration of such forty-five (45) days or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the IssuersIssuer. At any time, following at least forty-five (45) days’ ' prior written notice (or such lesser period of time as shall be mutually agreeable to the Paying Agent or the Registrar (as applicable) and the IssuersIssuer) from the IssuersIssuer, the Paying Agent and the Registrar may be removed from their agency. Such removal shall become effective upon the expiration of the forty-five (45) day or agreed lesser time period (provided that any such removal shall be immediate in case the Paying Agent or the Registrar shall be adjudicated bankrupt or insolvent), and upon payment to the Paying Agent and the Registrar of all amounts payable to them in connection with their agency. In such event, following payment in full of their outstanding fees and expenses, the outgoing Paying Agent shall deliver to the IssuersIssuer, or to the Issuers’ Issuer’s designated representative, all Notes (if any) and cash (if any) belonging to the Issuers Issuer and, at the Issuers’ Issuer’s reasonable expense, shall furnish to the IssuersIssuer, or to the Issuers’ Issuer’s designated representative, such information regarding the status of the Issuers’ Issuer’s outstanding Notes reasonably requested by the IssuersIssuer. (b) Any Person into which a Paying Agent or the Registrar may be merged or consolidated or any Person resulting from any merger or consolidation to which such Paying Agent or Registrar is a party or any Person to which such Paying Agent or Registrar shall sell or otherwise transfer all or substantially all of its corporate trust or agency assets shall on the date on which such merger, consolidation or transfer becomes effective, become the successor to such Paying Agent or Registrar under this Article 11 Eleven without the execution or filing of any paper or any further act on the part of the parties hereto.