Common use of Engagement of Third Parties Clause in Contracts

Engagement of Third Parties. The Seventh Issuer Corporate Services Provider may appoint agents to perform any of the duties to be performed by the Seventh Issuer Corporate Services Provider, provided that the Seventh Issuer Corporate Services Provider remains liable for the performance of any duties by any agent as if such duty had been performed by the Seventh Issuer Corporate Services Provider itself. The Seventh Issuer Corporate Services Provider shall not be liable for any loss to the Seventh Issuer arising from the negligence, fraud or wilful misconduct of any delegate appointed pursuant to this CLAUSE 8 in the event that the Seventh Issuer has given its written consent to such appointment, except to the extent such loss is caused by the gross negligence, wilful default, dishonesty or fraud of the Seventh Issuer Corporate Services Provider.

Appears in 2 contracts

Samples: Corporate Services Agreement (Permanent Mortgages Trustee LTD), Corporate Services Agreement (Permanent Mortgages Trustee LTD)

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Engagement of Third Parties. The Seventh Eighth Issuer Corporate Services Provider may appoint agents to perform any of the duties to be performed by the Seventh Eighth Issuer Corporate Services Provider, provided that the Seventh Eighth Issuer Corporate Services Provider remains liable for the performance of any duties by any agent as if such duty had been performed by the Seventh Eighth Issuer Corporate Services Provider itself. The Seventh Eighth Issuer Corporate Services Provider shall not be liable for any loss to the Seventh Eighth Issuer arising from the negligence, fraud or wilful misconduct of any delegate appointed pursuant to this CLAUSE 8 in the event that the Seventh Eighth Issuer has given its written consent to such appointment, except to the extent such loss is caused by the gross negligence, wilful default, dishonesty or fraud of the Seventh Eighth Issuer Corporate Services Provider.

Appears in 2 contracts

Samples: Issuer Corporate Services Agreement (Permanent Financing (No. 8) PLC), Corporate Services Agreement (Permanent Mortgages Trustee LTD)

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