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 12.1 or CLAUSE 12.2 or any termination under CLAUSE 12.3, 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 10, 11 and 12); (b) repay to the Seventh Issuer such part of any fee paid to it in accordance with CLAUSE 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh 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 Definitive Seventh Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Issuer Notes.

Appears in 2 contracts

Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

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Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE Clause 12.1 or CLAUSE 12.2 or any termination under CLAUSE Clause 12.3, 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 Clauses 10, 11 and 12); (b) repay to the Seventh Ninth Issuer such part of any fee paid to it in accordance with CLAUSE Clause 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Ninth Issuer and to its Successor Agent a copy, certified as true and up-to-date by an officer of such Agent, Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Definitive Seventh Ninth Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Ninth Issuer Notes.

Appears in 2 contracts

Samples: Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC), Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC)

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE 12.1 or CLAUSE 12.2 or any termination under CLAUSE 12.3, 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 10, 11 and 12); (b) repay to the Seventh Sixth Issuer such part of any fee paid to it in accordance with CLAUSE 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Sixth 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 Definitive Seventh Sixth Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Sixth Issuer Notes.

Appears in 2 contracts

Samples: Sixth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Paying Agent Agreement (Permanent Financing (No. 6) PLC)

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE 12.1 or CLAUSE 12.2 or any termination under CLAUSE 12.3, 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 10, 11 and 12); (b) repay to the Seventh Eighth Issuer such part of any fee paid to it in accordance with CLAUSE 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Eighth 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 Definitive Seventh Eighth Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Eighth Issuer Notes.

Appears in 2 contracts

Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 8) PLC), Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE 12.1 or CLAUSE 12.2 or any termination under CLAUSE 12.3, 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 10, 11 and 12); (b) repay to the Seventh Fourth Issuer such part of any fee paid to it in accordance with CLAUSE 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Fourth 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 Definitive Seventh Fourth Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Fourth Issuer Notes.

Appears in 1 contract

Samples: Fourth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE Clause 12.1 or CLAUSE 12.2 or any termination under CLAUSE Clause 12.3, 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 Clauses 10, 11 and 12); (b) repay to the Seventh Issuer such part of any fee paid to it in accordance with CLAUSE Clause 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Issuer and to its Successor Agent a copy, certified as true and up-to-date by an officer of such Agent, Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Definitive Seventh Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Issuer Notes.

Appears in 1 contract

Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 7 PLC)

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Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE 12.1 or CLAUSE 12.2 or any termination under CLAUSE 12.312.3 , 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 10, 11 and 12); (b) repay to the Seventh Fifth Issuer such part of any fee paid to it in accordance with CLAUSE 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Fifth 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 Definitive Seventh Fifth Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Fifth Issuer Notes.

Appears in 1 contract

Samples: Fifth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 5) PLC)

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE Clause 12.1 or CLAUSE 12.2 or any termination under CLAUSE Clause 12.3, 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 Clauses 10, 11 and 12); (b) repay to the Seventh Eighth Issuer such part of any fee paid to it in accordance with CLAUSE Clause 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Eighth Issuer and to its Successor Agent a copy, certified as true and up-to-date by an officer of such Agent, Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Definitive Seventh Eighth Issuer Notes 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 a Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Eighth Issuer Notes.

Appears in 1 contract

Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 8 PLC)

Effect of Resignation, Revocation and Termination. Upon any resignation or revocation taking effect under CLAUSE 12.1 or CLAUSE 12.2 or any termination under CLAUSE 12.3, 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 10, 11 and 12); (b) repay to the Seventh Sixth Issuer such part of any fee paid to it in accordance with CLAUSE 10.1 as shall relate to any period thereafter; (c) deliver to the Seventh Sixth Issuer and to its Successor Agent a copy, certified as true and up-to-date by an officer of such Agent, Agent of the records maintained by it pursuant to this Agreement; (d) forthwith transfer all monies and papers (including any unissued Definitive Seventh Sixth Issuer Notes 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 a the Paying Agent, pay to the Successor Paying Agent any amount held by it for payment of principal or interest in respect of the relevant Seventh Sixth Issuer Notes.

Appears in 1 contract

Samples: Sixth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 6 PLC)

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