Common use of Effect of Termination or Resignation Clause in Contracts

Effect of Termination or Resignation. (a) On and after termination or resignation of the appointment of the Current Issuer Cash Manager under this Agreement pursuant to this Clause 12, all authority and power of the Current Issuer Cash Manager under this Agreement shall be terminated and be of no further effect and the Current Issuer Cash Manager shall not thereafter hold itself out in any way as the agent of the Current Issuer or the Note Trustee pursuant to this Agreement.

Appears in 15 contracts

Samples: Management Agreement (Granite Mortgages 03-3 PLC), Management Agreement (Granite Mortgages 03-3 PLC), Management Agreement (Granite Mortgages 04-2 PLC)

AutoNDA by SimpleDocs

Effect of Termination or Resignation. (a) On and after termination or resignation of the appointment of the Current Issuer Cash Manager under this Agreement pursuant to this Clause 12, all authority and power of the Current Issuer Cash Manager under this Agreement shall be terminated and be of no further effect and the Current Issuer Cash Manager shall not thereafter hold itself out in any way as the agent of the Current Issuer Mortgages Trustee, Funding or the Note Security Trustee pursuant to this Agreement.

Appears in 12 contracts

Samples: Management Agreement (Granite Mortgages 04-2 PLC), Management Agreement (Granite Mortgages 03-2 PLC), Management Agreement (Granite Mortgages 03-2 PLC)

Effect of Termination or Resignation. (a) On and after termination of the appointment or resignation of the appointment of the Current Issuer Cash Manager under this Agreement pursuant to this Clause 12Article 14, all authority and power of the Current Issuer Cash Manager under this Agreement shall will be terminated and be of no further effect and the Current Issuer Cash Manager shall will not thereafter hold itself out in any way as the agent of the Current Issuer or the Note Trustee Guarantor pursuant to this Agreement.

Appears in 3 contracts

Samples: Management Agreement (BMO Covered Bond Guarantor Limited Partnership), Management Agreement (Bank of Nova Scotia /), Cash Management Agreement

Effect of Termination or Resignation. (a) On and after termination or resignation of the appointment of the Current Issuer Cash Manager under this Agreement and the other Issuer Transaction Documents pursuant to this Clause 1211, all authority and power of the Current Issuer Cash Manager under this Agreement shall be terminated and be of no further effect and the Current Issuer Cash Manager shall not thereafter hold itself out in any way as the agent of the Current Master Issuer or the Note Issuer Security Trustee pursuant to this Agreement.

Appears in 2 contracts

Samples: Management Agreement (Granite Finance Trustees LTD), Management Agreement (Granite Finance Funding 2 LTD)

AutoNDA by SimpleDocs

Effect of Termination or Resignation. 13.3 (a) On and after termination or resignation of the appointment of the Current Issuer Cash Manager under this Agreement pursuant to this Clause 1213 (Termination), all authority and power of the Current Issuer Cash Manager under this Agreement shall be terminated and be of no further effect and the Current Issuer Cash Manager shall not thereafter hold itself out in any way as the agent of the Current Issuer or the Note Trustee pursuant to this Agreement.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement

Effect of Termination or Resignation. (a) On and after termination or resignation of the appointment of the Current Issuer Cash Manager under this Agreement pursuant to this Clause 1211, all authority and power of the Current Issuer Cash Manager under this Agreement shall be terminated and be of no further effect and the Current Issuer Cash Manager shall not thereafter hold itself out in any way as the agent of the Current Master Issuer or the Note Issuer Security Trustee pursuant to this Agreement.

Appears in 1 contract

Samples: Management Agreement (Granite Finance Trustees LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.