Change of Standby Account Bank. If the identity of the Standby Account Bank changes, the Cash Manager, the Guarantor and the Bond Trustee shall execute such documents and take such actions as the new Standby Account Bank and the outgoing Standby Account Bank and the Bond Trustee may require for the purpose of vesting in the new Standby Account Bank the rights and obligations of the outgoing Standby Account Bank and releasing the outgoing Standby Account Bank from its future obligations under this Agreement.
Appears in 7 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
Change of Standby Account Bank. If the identity of the Standby Account Bank changes, the Cash Manager, the Guarantor LP and the Bond Trustee shall execute such documents and take such actions as the new Standby Account Bank and the outgoing Standby Account Bank and the Bond Trustee may require for the purpose of vesting in the new Standby Account Bank the rights and obligations of the outgoing Standby Account Bank and releasing the outgoing Standby Account Bank from its future obligations under this Agreement.
Appears in 3 contracts
Samples: Account Agreement (RBC Covered Bond Guarantor Limited Partnership), Account Agreement, Account Agreement (RBC Covered Bond Guarantor Limited Partnership)
Change of Standby Account Bank. If the identity of the Standby Account Bank changes, the Cash Manager, the Guarantor and the Bond Trustee shall will execute such documents and take such actions as the new Standby Account Bank and the outgoing Standby Account Bank and the Bond Trustee may require for the purpose of vesting in the new Standby Account Bank the rights and obligations of the outgoing Standby Account Bank and releasing the outgoing Standby Account Bank from its future obligations under this Agreement.
Appears in 1 contract
Samples: Bank of Nova Scotia /
