Common Safekeeper. In relation to each Series where the relevant Global Registered Certificate is held under the NSS, the Issuer hereby authorises and instructs the Issuing and Paying Agent to elect either of Euroclear or Clearstream, Luxembourg as Common Safekeeper. From time to time, the Issuer and the Issuing and Paying Agent may agree to vary this election. The Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
Common Safekeeper. In relation to each Series where series of Notes which are in NGN form or in the relevant form of a Global Registered Certificate is held under the NSS, the Issuer hereby authorises and instructs the Issuing and Paying Agent to elect either of Euroclear or Clearstream, Clearstream Luxembourg as Common Safekeeper. From time to time, the Issuer and the Issuing and Paying Agent may agree to vary this election. The Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it. The Issuing and Paying Agent shall also observe the obligations set out under point 2 of the Issuer/ICSD Agreements.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
Common Safekeeper. In relation to each Series where the relevant Global Registered Certificate Security is held under the NSS, the Issuer hereby authorises and instructs the Issuing and Paying Agent to elect either of Euroclear or Clearstream, Luxembourg as Common Safekeeper. From time to time, the Issuer and the Issuing and Paying Agent may agree to vary this election. The Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
Appears in 1 contract
Samples: Agency Agreement
Common Safekeeper. In relation to each Series where the relevant Global Registered Note is in NGN form or the relevant Global Certificate is held under the NSS, the Issuer hereby authorises and instructs the Issuing and Paying Agent to elect either of both Euroclear or and Clearstream, Luxembourg as Common Safekeeper. From time to time, the Issuer and the Issuing and Paying Agent may agree to vary this election. The Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
Appears in 1 contract
Samples: Agency Agreement
Common Safekeeper. In relation to each Series where the relevant Global Registered Certificate Note is held under the NSSin NGN form, the Issuer hereby authorises and instructs the Issuing and Paying Agent to elect either of Euroclear or Clearstream, Luxembourg as Common Safekeeper. From time to time, the Issuer and the Issuing and Paying Agent may agree to vary this election. The Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
Appears in 1 contract
Samples: Agency Agreement