Common use of Common Safekeeper Clause in Contracts

Common Safekeeper. In relation to each Series which is in NGN form, the Issuer hereby authorises and instructs the Fiscal Agent to elect Euroclear or Clearstream as Common Safekeeper. From time to time, the Issuer and the Fiscal Agent may agree to vary this election. The Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, 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 Fiscal Agent in respect of any such election made by it.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

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Common Safekeeper. In relation to each Series which is in NGN form, the Relevant Issuer hereby authorises and instructs the Fiscal Agent to elect Euroclear or Clearstream Banking as Common Safekeeper. From time to time, the Relevant Issuer and the Fiscal Agent may agree to vary this election. The Relevant Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Clearstream 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 Fiscal Agent in respect of any such election made by it.

Appears in 1 contract

Samples: Agency Agreement

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Common Safekeeper. In relation to each Series which is in NGN form, the Relevant Issuer hereby authorises and instructs the Fiscal Agent to elect Euroclear or Clearstream as Common Safekeeper. From time to time, the Relevant Issuer and the Fiscal Agent may agree to vary this election. The Relevant Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Clearstream 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 Fiscal Agent in respect of any such election made by it.

Appears in 1 contract

Samples: Agency Agreement

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