Common use of Election of Common Safekeeper Clause in Contracts

Election of Common Safekeeper. The Issuer hereby authorises and instructs the Fiscal Agent to elect an ICSD to be Common Safekeeper for the Temporary Global Note and the Permanent Global Note. From time to time, the Issuer and the Fiscal Agent may agree to vary this election. The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Fiscal Agent in respect of any such election made by it.

Appears in 7 contracts

Samples: Fiscal Agency Agreement, Fiscal Agency Agreement, Agency Agreement

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Election of Common Safekeeper. The Issuer hereby authorises and instructs the Fiscal Agent to elect an ICSD to be Common Safekeeper for the Temporary Global Note and the Permanent Global Note. From time to time, the Issuer and the Fiscal Agent may agree to vary this election. The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Fiscal Agent in respect of any such election made by it.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

Election of Common Safekeeper. The Issuer hereby authorises and instructs the Fiscal Agent to elect an ICSD Euroclear to be Common Safekeeper for the Temporary each issue of an NSS Global Note and in relation to which one of the Permanent Global NoteICSDs must be Common Safekeeper. From time to time, the Issuer and the Fiscal Agent may agree to vary this election. The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Fiscal Agent in respect of any such election made by it.

Appears in 1 contract

Samples: Fiscal Agency Agreement

Election of Common Safekeeper. The Issuer hereby authorises and instructs the Fiscal Agent to elect an ICSD to be Common Safekeeper for the Temporary Global Note and the Permanent Global Note. From time to time, the Issuer and the Fiscal Agent may agree to vary this election. The Issuer acknowledges that that, in connection with the election of either of the ICSDs as Common Safekeeper Safekeeper, any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue the Notes and agrees that no liability shall attach to the Fiscal Agent in respect of any such election made by it.

Appears in 1 contract

Samples: Agency Agreement

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Election of Common Safekeeper. The Issuer hereby authorises and instructs the Fiscal Principal Paying Agent to elect an ICSD to be Common Safekeeper for the Temporary Global Note and the Permanent Global Note. From time to time, the Issuer and the Fiscal Principal Paying Agent may agree to vary this election. The Issuer acknowledges that in connection with the election of either of the ICSDs as Common Safekeeper any such election is subject to the right of the ICSDs to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Fiscal Principal Paying Agent in respect of any such election made by it.

Appears in 1 contract

Samples: Agency Agreement (PPL Corp)

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