Common use of Duties of Fiscal Agent and Replacement Agent Clause in Contracts

Duties of Fiscal Agent and Replacement Agent. Each of the Fiscal Agent and the Replacement Agent shall hold in safe custody all unauthenticated Temporary Global Securities, Permanent Global Securities or Definitive Securities delivered to it in accordance with this Clause 4 (Issuance of Securities) and Clause 5 (Replacement Securities) and shall ensure that they (or, in the case of Master Global Securities, copies thereof) are authenticated, effectuated (if applicable) and delivered only in accordance with the terms hereof, of the Conditions and, if applicable, the relevant Security, as the case may be. The relevant Issuer shall ensure that each of the Fiscal Agent and the Replacement Agent holds sufficient Securities to fulfil its respective obligations under this Clause 4 (Issuance of Securities) and Clause 5 (Replacement Securities) and each of the Fiscal Agent and the Replacement Agent undertakes to notify the relevant Issuer if it holds insufficient Securities for such purposes.

Duties of Fiscal Agent and Replacement Agent. ‌ Each of the Fiscal Agent and the Replacement Agent shall hold in safe custody all unauthenticated Temporary Global Securities, Permanent Global Securities or Definitive Securities delivered to it in accordance with this Clause 4 (Issuance of Securities) and Clause 5 (Replacement Securities) and shall ensure that they (or, in the case of Master Global Securities, copies thereof) are authenticated, effectuated (if applicable) and delivered only in accordance with the terms hereof, of the Conditions and, if applicable, the relevant Security, as the case may be. The relevant Issuer shall ensure that each of the Fiscal Agent and the Replacement Agent holds sufficient Securities to fulfil its respective obligations under this Clause 4 (Issuance of Securities) and Clause 5 (Replacement Securities) and each of the Fiscal Agent and the Replacement Agent undertakes to notify the relevant Issuer if it holds insufficient Securities for such purposes.