Common use of Issuing Branch Substitution Clause in Contracts

Issuing Branch Substitution. This Condition 12.3 applies only to Notes issued by the Issuer through a Designated Branch. For so long as any of the Notes or Coupons are outstanding, the Issuer may at any time, without the consent of the Noteholders, upon giving no more than 30 and no less than 10 days’ notice to the Noteholders in accordance with Condition 17 (i) cease to make payments of principal, interest and any other amounts due under the Notes and fulfil any of its other obligations and exercise any of its other rights and powers in respect of, or arising under, the Notes through the Designated Branch and (ii) commence making such payments, fulfilling such other obligations and exercising such powers and rights through one of its other branches (an Issuing Branch Substitution), provided that:

Appears in 4 contracts

Samples: Supplemental Agency Agreement, Agency Agreement, Version Third Supplemental Agency Agreement

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