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Common use of Following Clause in Contracts

Following. (a) the receipt by the Issuer of the Issuer Account Bank’s Termination Notice; or (b) the distribution by the Issuer of the Issuer’s Termination Notice, the Issuer shall, as soon as reasonably practicable, appoint a Qualified Institution upon consultation with the Note Trustee as a successor Issuer Account Bank in respect of the Accounts.

Appears in 3 contracts

Samples: Issuer Account Bank Agreement, Issuer Account Bank Agreement, Issuer Account Bank Agreement

Following. (a) the receipt by the Issuer of the Issuer Account Bank’s 's Termination Notice; or (b) the distribution by the Issuer of the Issuer’s 's Termination Notice, the Issuer shall, as soon as reasonably practicable, appoint a Qualified Institution that is capable of providing the representation set out in paragraph 9.2(e) above, upon consultation with the Note Trustee as a successor Issuer Account Bank in respect of the Issuer Accounts.

Appears in 1 contract

Samples: Account Bank Agreement