Common use of Covenants of the Administrator Clause in Contracts

Covenants of the Administrator. The Administrator hereby covenants with each of the CBC and the Security Trustee without prejudice to any of its specific obligations hereunder that: (a) it will devote all reasonable skill, care and diligence to the performance of its obligations and the exercise of its discretions hereunder; (b) it will comply with any proper directions, orders and instructions which the CBC or the Security Trustee may from time to time give to it in accordance with the provisions of this Agreement (and in the event of any conflict those of the Security Trustee shall prevail); (c) it will use its best endeavours to keep in force all licences, approvals, authorisations and consents which may be necessary in connection with the performance of the CBC Services and prepare and submit all necessary applications and requests for any further approval, authorisation, consent or licence required in connection with the performance of the CBC Services including but not limited to, to the extent applicable, such approval, authorisation, consent or licence pursuant to the Wft now or in the future; (d) it will not knowingly fail to comply with any legal requirements in the performance of the CBC Services; (e) it will make all payments required to be made by it on behalf of the CBC pursuant to this Agreement on the due date for payment thereof for value on such day without set-off or counterclaim; (f) it will inform the Security Trustee of any legal proceedings against it or the Transferor which could have an impact on the CBC Services to be performed by it; (g) it will not knowingly create or permit to subsist any encumbrance in relation to the CBC Transaction Accounts, the CBC Back-Up Account or on any of the other assets of the CBC, other than as created under the Pledge Agreements; and (h) it will not without the prior written consent of the Security Trustee amend or terminate any of the Transaction Documents save in accordance with their respective terms. The covenants of the Administrator in this Clause 20 shall remain in force until this Agreement is terminated but without prejudice to any right or remedy of the CBC and/or the Security Trustee arising from breach of any such covenant prior to the date of termination of this Agreement.

Covenants of the Administrator. The Administrator hereby covenants with each of the CBC and the Security Trustee without prejudice to any of its specific obligations hereunder that: (a) it will devote all reasonable skill, care and diligence to the performance of its obligations and the exercise of its discretions hereunder; (b) it will comply with any proper directions, orders and instructions which the CBC or the Security Trustee may from time to time give to it in accordance with the provisions of this Agreement (and in the event of any conflict those of the Security Trustee shall prevail); (c) it will use its best endeavours to keep in force all licences, approvals, authorisations and consents which may be necessary in connection with the performance of the CBC Services and prepare and submit all necessary applications and requests for any further approval, authorisation, consent or licence required in connection with the performance of the CBC Services including but not limited to, to the extent applicable, such approval, authorisation, consent or licence pursuant to the Wft now or in the future; (d) it will not knowingly fail to comply with any legal requirements in the performance of the CBC Services; (e) it will make all payments required to be made by it on behalf of the CBC pursuant to this Agreement on the due date for payment thereof for value on such day without set-off or counterclaim; (f) it will inform the Security Trustee of any legal proceedings against it or the Transferor which could have an impact on the CBC Services to be performed by it; (g) it will not knowingly create or permit to subsist any encumbrance in relation to the CBC Transaction Accounts, the CBC Back-Up Account Accounts or on any of the other assets of the CBC, other than as created under the Pledge Agreements; and (h) it will not without the prior written consent of the Security Trustee amend or terminate any of the Transaction Documents save in accordance with their respective terms. The covenants of the Administrator in this Clause 20 19 shall remain in force until this Agreement is terminated but without prejudice to any right or remedy of the CBC and/or the Security Trustee arising from breach of any such covenant prior to the date of termination of this Agreement.

Covenants of the Administrator. The Administrator hereby covenants with each of the CBC and the Security Trustee without prejudice to any of its specific obligations hereunder that: (a) it will devote all reasonable skill, care and diligence to the performance of its obligations and the exercise of its discretions hereunder; (b) it will comply with any proper directions, orders and instructions which the CBC or the Security Trustee may from time to time give to it in accordance with the provisions of this Agreement (and in the event of any conflict those of the Security Trustee shall prevail); (c) it will use its best endeavours to keep in force all licences, approvals, authorisations and consents which may be necessary in connection with the performance of the CBC Services and prepare and submit all necessary applications and requests for any further approval, authorisation, consent or licence required in connection with the performance of the CBC Services including but not limited to, to the extent applicable, such approval, authorisation, consent or licence pursuant to the Wft now or in the future; (d) it will not knowingly fail to comply with any legal requirements in the performance of the CBC Services; (e) it will make all payments required to be made by it on behalf of the CBC pursuant to this Agreement on the due date for payment thereof for value on such day without set-off or counterclaim; (f) it will inform the Security Trustee of any legal proceedings against it or the Transferor which could have an impact on the CBC Services to be performed by it; (g) it will not knowingly create or permit to subsist any encumbrance in relation to the CBC Transaction Accounts, the CBC Back-Up Account Accounts or on any of the other assets of the CBC, other than as created under the Pledge Agreements; and (h) it will not without the prior written consent of the Security Trustee amend or terminate any of the Transaction Documents save in accordance with their respective terms. The covenants of the Administrator in this Clause 20 shall remain in force until this Agreement is terminated but without prejudice to any right or remedy of the CBC and/or the Security Trustee arising from breach of any such covenant prior to the date of termination of this Agreement.

Covenants of the Administrator. The Administrator hereby covenants with each of the CBC and the Security Trustee without prejudice to any of its specific obligations hereunder that: (a) it will devote all reasonable skill, care and diligence to the performance of its obligations and the exercise of its discretions hereunder; (b) it will comply with any proper directions, orders and instructions which the CBC or the Security Trustee may from time to time give to it in accordance with the provisions of this Agreement (and in the event of any conflict those of the Security Trustee shall prevail); (c) it will use its best endeavours to keep in force all licences, approvals, authorisations and consents which may be necessary in connection with the performance of the CBC Services and prepare and submit all necessary applications and requests for any further approval, authorisation, consent or licence required in connection with the performance of the CBC Services including but not limited to, to the extent applicable, such approval, authorisation, consent or licence pursuant to the Wft now or in the future; (d) it will not knowingly fail to comply with any legal requirements in the performance of the CBC Services; (e) it will make all payments required to be made by it on behalf of the CBC pursuant to this Agreement on the due date for payment thereof for value on such day without set-off or counterclaim; (f) it will inform the Security Trustee of any legal proceedings against it or the Transferor which could have an impact on the CBC Services to be performed by it;CBC (g) it will not knowingly create or permit to subsist any encumbrance in relation to the CBC Transaction Accounts, the CBC Back-Up Account Accounts or on any of the other assets of the CBC, other than as created under the Pledge Agreements; and (h) it will not without the prior written consent of the Security Trustee amend or terminate any of the Transaction Documents save in accordance with their respective terms. The covenants of the Administrator in this Clause 20 shall remain in force until this Agreement is terminated but without prejudice to any right or remedy of the CBC and/or the Security Trustee arising from breach of any such covenant prior to the date of termination of this Agreement.

Covenants of the Administrator. The Administrator hereby covenants with each of the CBC and the Security Trustee without prejudice to any of its specific obligations hereunder that: (a) it will devote all reasonable skill, care and diligence to the performance of its obligations and the exercise of its discretions hereunder; (b) it will comply with any proper directions, orders and instructions which the CBC or the Security Trustee may from time to time give to it in accordance with the provisions of this Agreement (and in the event of any conflict those of the Security Trustee shall prevail); (c) it will use its best endeavours to keep in force all licences, approvals, authorisations and consents which may be necessary in connection with the performance of the CBC Services and prepare and submit all necessary applications and requests for any further approval, authorisation, consent or licence required in connection with the performance of the CBC Services including but not limited to, to the 53106437 M 55004908 / 3 extent applicable, such approval, authorisation, consent or licence pursuant to the Wft now or in the future; (d) it will not knowingly fail to comply with any legal requirements in the performance of the CBC Services; (e) it will make all payments required to be made by it on behalf of the CBC pursuant to this Agreement on the due date for payment thereof for value on such day without set-off or counterclaim; (f) it will inform the Security Trustee of any legal proceedings against it or the Transferor which could have an impact on the CBC Services to be performed by it; (g) it will not knowingly create or permit to subsist any encumbrance in relation to the CBC Transaction Accounts, the CBC Back-Up Account Accounts or on any of the other assets of the CBC, other than as created under the Pledge Agreements; and (h) it will not without the prior written consent of the Security Trustee amend or terminate any of the Transaction Documents save in accordance with their respective terms. The covenants of the Administrator in this Clause 20 shall remain in force until this Agreement is terminated but without prejudice to any right or remedy of the CBC and/or the Security Trustee arising from breach of any such covenant prior to the date of termination of this Agreement.

Covenants of the Administrator. The Administrator hereby covenants with each of the CBC and the Security Trustee without prejudice to any of its specific obligations hereunder that: (a) it will devote all reasonable skill, care and diligence to the performance of its obligations and the exercise of its discretions hereunder; (b) it will comply with any proper directions, orders and instructions 53108111 M 56155777 / 2 which the CBC or the Security Trustee may from time to time give to it in accordance with the provisions of this Agreement (and in the event of any conflict those of the Security Trustee shall prevail); (c) it will use its best endeavours to keep in force all licences, approvals, authorisations and consents which may be necessary in connection with the performance of the CBC Services and prepare and submit all necessary applications and requests for any further approval, authorisation, consent or licence required in connection with the performance of the CBC Services including but not limited to, to the extent applicable, such approval, authorisation, consent or licence pursuant to the Wft now or in the future; (d) it will not knowingly fail to comply with any legal requirements in the performance of the CBC Services; (e) it will make all payments required to be made by it on behalf of the CBC pursuant to this Agreement on the due date for payment thereof for value on such day without set-off or counterclaim; (f) it will inform the Security Trustee of any legal proceedings against it or the Transferor which could have an impact on the CBC Services to be performed by it; (g) it will not knowingly create or permit to subsist any encumbrance in relation to the CBC Transaction Accounts, the CBC Back-Up Account Accounts or on any of the other assets of the CBC, other than as created under the Pledge Agreements; and (h) it will not without the prior written consent of the Security Trustee amend or terminate any of the Transaction Documents save in accordance with their respective terms. The covenants of the Administrator in this Clause 20 shall remain in force until this Agreement is terminated but without prejudice to any right or remedy of the CBC and/or the Security Trustee arising from breach of any such covenant prior to the date of termination of this Agreement.