Dealer for a day. nominate any institution as a new Dealer hereunder only in relation to a particular Class or Sub-Class of Notes, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 5 (Form of Dealer Accession Letter) or pursuant to an agreement in or substantially in the form of Schedule 3 (Pro Forma Subscription Agreement) or on any other terms acceptable to the Issuer and such institution, such institution shall become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer as if originally named as a Dealer hereunder provided that: (a) such authority, rights, powers, duties and obligations shall extend to the relevant Class or Sub-Class of Notes only; and (b) following the issue of the Notes of the relevant Class or Sub-Class of Notes, the relevant new Dealer shall have no further authority, rights, powers, duties or obligations except such as may have accrued or been incurred prior to, or in connection with, the issue of the relevant Class or Sub-Class of Notes.
Appears in 2 contracts
Samples: Dealer Agreement (Turquoise Receivables Trustee LTD), Dealer Agreement (Turquoise Receivables Trustee LTD)
Dealer for a day. nominate any institution as a new Dealer hereunder only in relation to a particular Class or Sub-Class of NotesTranche, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 5 4 (Form of Dealer Accession Letter) to the Programme Manual or pursuant to an agreement in or substantially in the form of Schedule 3 (Pro Forma Subscription Agreement) or on any other terms acceptable to the Issuer and such institution, such institution shall (subject to the terms of such Dealer’s confirmation) become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer as if originally named as a Dealer hereunder provided that:
(a) such authority, rights, powers, duties and obligations shall extend to the relevant Class or Sub-Class of Notes Tranche only; and
(b) following the issue of the Notes of the relevant Class or Sub-Class of NotesTranche, the relevant new Dealer shall have no further authority, rights, powers, duties or obligations except such as may have accrued or been incurred prior to, or in connection with, the issue of the relevant Class or Sub-Class of NotesTranche.
Appears in 1 contract
Samples: Dealer Agreement (Philip Morris International Inc.)
Dealer for a day. nominate any institution as a new Dealer hereunder only in relation to a particular Class or Sub-Class of NotesSeries, in which event, upon the confirmation by such institution of a letter in the terms or substantially in the terms set out in Schedule 5 (Form of Dealer Accession Letter) or pursuant to an agreement appointing a "New Dealer" (as defined in the relevant agreement) in or substantially in the form of Schedule 3 (Pro Forma Subscription Agreement) or on any other terms acceptable to the Issuer and such institution, such institution shall become a party hereto with all the authority, rights, powers, duties and obligations of a Dealer as if originally named as a Dealer hereunder provided thatPROVIDED THAT:
(a) such authority, rights, powers, duties and obligations shall extend to the relevant Class or Sub-Class of Notes Series only; and
(b) following the issue of the Notes of the relevant Class or Sub-Class of NotesSeries, the relevant new Dealer shall have no further authority, rights, powers, duties or obligations except such as may have accrued or been incurred prior to, or in connection with, the issue of the relevant Class or Sub-Class of NotesSeries.
Appears in 1 contract
Samples: Dealer Agreement (South Gyle Receivables Trustee LTD)