Common use of Effect of Resignation, Revocation and Termination Clause in Contracts

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under Clause 15.1 (Resignation) or Clause 15.2 (Revocation) or any termination under Clause 15.3 (Automatic Termination), the relevant Agent shall: (a) without prejudice to any accrued liabilities and obligations, be released and discharged from any further obligations under this Agreement (save that it shall remain entitled to the benefit of, and subject to, Clauses 12 (Fees and Expenses), Clause 13 (Terms of Appointment) and Clause 15 (Termination of Appointment)); (b) repay to the Current Issuer such part of any fee paid to it in accordance with Clause 12.1 (Fees) as shall relate to any period thereafter; (c) deliver to the Current Issuer and to its successor agent a copy, certified as true and up-to-date by an officer of such Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Note Certificates held by it hereunder) to its successor in that capacity and provide reasonable assistance to its successor for the discharge by it of its duties and responsibilities hereunder; and (e) in the case of any Paying Agent, pay to the successor paying agent any amount held by it for payment of principal or interest in respect of the relevant Current Issuer Notes.

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under Clause 15.1 (Resignation) or Clause 15.2 (Revocation) or any termination under Clause 15.3 (Automatic Termination), the relevant Agent shall: (a) without prejudice to any accrued liabilities and obligations, be released and discharged from any further obligations under this Agreement (save that it shall remain entitled to the benefit of, and subject to, Clauses 12 (Fees and Expenses), Clause 13 (Terms of Appointment) and Clause 15 (Termination of Appointment)); (b) repay to the Current Master Issuer such part of any fee paid to it in accordance with Clause 12.1 (Fees) as shall relate to any period thereafter; (c) deliver to the Current Master Issuer and to its successor agent a copy, certified as true and up-to-date by an officer of such Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Note Certificates held by it hereunder) to its successor in that capacity and provide reasonable assistance to its successor for the discharge by it of its duties and responsibilities hereunder; and (e) in the case of any Paying Agent, pay to the successor paying agent any amount held by it for payment of principal or interest in respect of the relevant Current Issuer Notes.

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under Clause 15.1 (Resignation) or Clause 15.2 (Revocation) or any termination under Clause 15.3 (Automatic Termination), the relevant Agent shall: (a) 15.9.1 without prejudice to any accrued liabilities and obligations, be released and discharged from any further obligations under this Agreement (save that it shall remain entitled to the benefit of, and subject to, Clauses Clause 12 (Fees and Expenses), Clause 13 (Terms of Appointment) and Clause 15 (Termination of Appointment)); (b) 15.9.2 repay to the Current Issuer such part of any fee paid to it in accordance with Clause 12.1 (Fees) as shall relate to any period thereafter; (c) 15.9.3 deliver to the Current Issuer and to its successor agent a copy, certified as true and up-up- to-date by an officer of such Agent of the records maintained by it pursuant to this Agreement; (d) 15.9.4 forthwith transfer all monies and papers (including any unissued Note Certificates Notes held by it hereunderunder this Agreement) to its successor in that capacity and provide reasonable assistance to its successor for the discharge by it of its duties and responsibilities hereunderunder this Agreement; and (e) 15.9.5 in the case of any Paying Agent, pay to the successor paying agent any amount held by it for payment of principal or interest in respect of the relevant Current Issuer Notes.

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under Clause 15.1 (ResignationRESIGNATION) or Clause 15.2 (RevocationREVOCATION) or any termination under Clause 15.3 (Automatic TerminationAUTOMATIC TERMINATION), the relevant Agent shall: (a) without prejudice to any accrued liabilities and obligations, be released and discharged from any further obligations under this Agreement (save that it shall remain entitled to the benefit of, and subject to, Clauses 12 (Fees and ExpensesFEES AND EXPENSES), Clause 13 (Terms of AppointmentTERMS OF APPOINTMENT) and Clause 15 (Termination of AppointmentTERMINATION OF APPOINTMENT)); (b) repay to the Current Issuer such part of any fee paid to it in accordance with Clause 12.1 (FeesFEES) as shall relate to any period thereafter; (c) deliver to the Current Issuer and to its successor agent a copy, certified as true and up-to-date by an officer of such Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Note Certificates held by it hereunder) to its successor in that capacity and provide reasonable assistance to its successor for the discharge by it of its duties and responsibilities hereunder; and (e) in the case of any Paying Agent, pay to the successor paying agent any amount held by it for payment of principal or interest in respect of the relevant Current Issuer Notes.

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under Clause 15.1 (Resignation) or Clause 15.2 (Revocation) or any termination under Clause 15.3 (Automatic Termination), the relevant Agent shall: (a) without prejudice to any accrued liabilities and obligations, be released and discharged from any further obligations under this Agreement (save that it shall remain entitled to the benefit of, and subject to, Clauses Clause 12 (Fees and Expenses), Clause 13 (Terms of Appointment) and Clause 15 (Termination of Appointment)); (b) repay to the Current Issuer such part of any fee paid to it in accordance with Clause 12.1 (Fees) as shall relate to any period thereafter; (c) deliver to the Current Issuer and to its successor agent a copy, certified as true and up-to-date by an officer of such Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Note Certificates Notes held by it hereunderunder this Agreement) to its successor in that capacity and provide reasonable assistance to its successor for the discharge by it of its duties and responsibilities hereunderunder this Agreement; and (e) in the case of any Paying Agent, pay to the successor paying agent any amount held by it for payment of principal or interest in respect of the relevant Current Issuer Notes.