Condition to Resignation or Termination. No resignation or (subject to sub-Clause 17.5) termination of the appointment of any Agent shall take effect unless the Issuer maintains Agents in accordance with the Conditions. The Issuer agrees with the relevant retiring Agent, that if any such successor Agent is required in accordance with this Clause 17.3, and by the day falling ten days before the expiry of any notice under Clause 17.1 or Clause 17.2, the Issuer has not appointed such a successor Agent approved by the Trustee, then the relevant retiring Agent shall be entitled, on behalf of the Issuer and at the expense of the Issuer, to appoint as a successor Agent in its place a reputable independent financial institution of good standing which the Issuer and the Trustee shall approve.
Appears in 4 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
