Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) and Clause 15.2 (Revocation): (a) if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class or classes of Current Issuer Notes approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee; (b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Issuer Notes having a Specified Office in London or New York (as the case may be); (c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Conditions; (d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed; (e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and (f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 12 contracts
Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 03-2 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 03-3 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 04-1 PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) and Clause 15.2 (Revocation):
(a) if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class Series and Class or classes Classes of Current Issuer Notes approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class Series and Class or classes Classes of Current Issuer Notes having a Specified Office in London or New York (as the case may be);
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Conditions;
(d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 3 contracts
Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Finance Trustees LTD), Issuer Paying Agent and Agent Bank Agreement (Granite Finance Trustees LTD), Issuer Paying Agent and Agent Bank Agreement (Granite Finance Funding 2 LTD)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) Clauses 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class Series and Classes (or classes Sub-Classes) of Current Master Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class Series and Classes (or classes Sub-Classes) of Current Master Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a member state of the European Union that is not obliged to withhold or deduct tax pursuant to any law implementing or complying with, or introduced in order to conform to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Master Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 2 contracts
Samples: Master Issuer Paying Agent and Agent Bank Agreement (Holmes Funding LTD), Master Issuer Paying Agent and Agent Bank Agreement (Holmes Master Issuer)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) CLAUSES 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Seventh Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Seventh Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Seventh Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 2 contracts
Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) CLAUSES 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Sixth Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Sixth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Sixth Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 2 contracts
Samples: Paying Agent Agreement (Permanent Financing (No. 6) PLC), Sixth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Limitations on Resignation and Revocation. β Notwithstanding Clause 15.1 (Resignation) and Clause 15.2 (Revocation):
(a) 15.7.1 if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class or classes of Current Issuer Notes or Residual Certificates approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee;
(b) 15.7.2 no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination (i) there would cease to be a Paying Agent in respect of the affected class or classes of Current Issuer Notes and/or Residual Certificates having a Specified Office in London or New York (as the case may be)London;
(c) 15.7.3 no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders and/or Residual Certificateholders in accordance with the Current Issuer Conditions;
(d) 15.7.4 no resignation by or revocation of the appointment of the Reference Agent Bank shall take effect until a new Reference Agent Bank having its Specified Office in London has been appointed;
(e) 15.7.5 no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) 15.7.6 the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto to this Agreement shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) CLAUSES 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Eighth Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Eighth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Eighth Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 2 contracts
Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 8) PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (ResignationRESIGNATION) and Clause 15.2 (RevocationREVOCATION):
(a) if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class or classes of Current Issuer Notes approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Issuer Notes having a Specified Office in London or New York (as the case may be);
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Conditions;
(d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis MUTATIS MUTANDIS on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 02-2 PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) Clauses 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class Series and Classes (or classes Sub-Classes) of Current Master Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class Series and Classes (or classes Sub-Classes) of Current Master Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Master Issuer Trust Deed and the Conditions;
(d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-co- operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Master Issuer Paying Agent and Agent Bank Agreement
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) and Clause 15.2 (Revocation):
(a) 15.7.1 if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class or classes of Current Issuer Notes or Residual Certificates approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee;
(b) 15.7.2 no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination (i) there would cease to be a Paying Agent in respect of the affected class or classes of Current Issuer Notes and/or Residual Certificates having a Specified Office in London or New York (as the case may be)London;
(c) 15.7.3 no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders and/or Residual Certificateholders in accordance with the Current Issuer Conditions;
(d) 15.7.4 no resignation by or revocation of the appointment of the Reference Agent Bank shall take effect until a new Reference Agent Bank having its Specified Office in London has been appointed;
(e) 15.7.5 no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) 15.7.6 the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto to this Agreement shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Agency Agreement
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Seventh Issuer Notes Notes, approved in writing by the Note Trustee Seventh Issuer Security Trustee, has been appointed on terms previously approved in writing by the Note Seventh Issuer Security Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Seventh Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Seventh Issuer Trust Deed and the Conditions;
(d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 7 PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) Clauses 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes Series and/or Class/es of Current Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes Series and/or Class/es of Current Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) Clauses 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes Series and Classes of Current Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes Series and Classes of Current Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if, as a result of such resignation or termination, there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Note Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Eighth Issuer Notes Notes, approved in writing by the Note Trustee Eighth Issuer Security Trustee, has been appointed on terms previously approved in writing by the Note Eighth Issuer Security Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Eighth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Eighth Issuer Trust Deed and the Conditions;
(d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 8 PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Ninth Issuer Notes Notes, approved in writing by the Note Trustee Ninth Issuer Security Trustee, has been appointed on terms previously approved in writing by the Note Ninth Issuer Security Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Ninth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a member state of the European Union that is not obliged to withhold or deduct tax pursuant to any law implementing or complying with, or introduced in order to conform to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Ninth Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) Clauses 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes Series and Classes of Current Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes Series and Classes of Current Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Master Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Master Issuer Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)
Limitations on Resignation and Revocation. β Notwithstanding Clause 15.1 (Resignation) and Clause 15.2 (Revocation):
(a) 15.8.1 if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class or classes of Current Issuer Notes approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee;
(b) 15.8.2 no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination (i) there would cease to be a Paying Agent in respect of the affected class or classes of Current Issuer Notes having a Specified Office in London or New York (as ii) the case may beIssuer would be in breach of Clause 15.7 (Maintenance of a Paying Agent in the European Union);
(c) 15.8.3 no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Conditions;
(d) 15.8.4 no resignation by or revocation of the appointment of the Reference Agent Bank shall take effect until a new Reference Agent Bank having its Specified Office in London has been appointed;
(e) 15.8.5 no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) 15.8.6 the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto to this Agreement shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Agency Agreement
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) CLAUSES 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Second Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Second Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) if the proposed European Union Directive on Taxation of Savings implementing the conclusions of the ECOFIN Council Meeting on 21st January, 2003 or any law implementing or complying with, or introduced in order to conform to those conclusions is introduced, no appointment or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a member state of the European Union that will not be obliged to withhold or deduct tax pursuant to such Directive or law;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Second Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Principal Paying Agent Agreement (Permanent Mortgages Trustee LTD)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Ninth Issuer Notes Notes, approved in writing by the Note Trustee Ninth Issuer Security Trustee, has been appointed on terms previously approved in writing by the Note Ninth Issuer Security Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Ninth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000 or any law implementing or complying with, or introduced in order to conform to, such Directives;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Ninth Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) CLAUSES 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Fifth Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Fifth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Fifth Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Fifth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 5) PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) CLAUSE 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Sixth Issuer Notes Notes, approved in writing by the Note Trustee Sixth Issuer Security Trustee, has been appointed on terms previously approved in writing by the Note Sixth Issuer Security Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Sixth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Sixth Issuer Trust Deed and the Conditions;
(d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Sixth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 6 PLC)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) CLAUSES 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Fourth Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Fourth Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no resignation or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a Member State of the European Union that is not obliged to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of 26th-27th November, 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Fourth Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Fourth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) Clauses 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class Series and Classes (or classes Sub-Classes) of Current Master Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class Series and Classes (or classes Sub-Classes) of Current Master Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Master Issuer Trust Deed and the Conditions;
(d) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Master Issuer Paying Agent and Agent Bank Agreement
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) Clauses 12.1 and Clause 15.2 (Revocation):12.2:
(a) if at any time there should be is only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent new Paying Agent in respect of the affected class or classes of Current Third Issuer Notes Notes, approved in writing by the Note Trustee Trustee, has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Third Issuer Notes having a Specified Office in London or New York (as the case may be)London;
(c) if the proposed European Union Directive on Taxation of Savings implementing the conclusions of the ECOFIN Council Meeting on 21st January, 2003 or any law implementing or complying with, or introduced in order to conform to those conclusions is introduced, no appointment or termination of the appointment of a Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in a member state of the European Union that will not be obliged to withhold or deduct tax pursuant to such Directive or law;
(d) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Third Issuer Trust Deed and the Conditions;
(de) no resignation by or revocation of the appointment of the Agent Bank shall take effect until a new Agent Bank having its Specified Office in London has been appointed;
(ef) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(fg) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Third Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) and Clause 15.2 (Revocation):
(a) if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class or classes of Current Issuer Notes approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee;
(b) no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination there would cease to be a Paying Agent in respect of the affected class or classes of Current Issuer Notes having a Specified Office in London or New York (as the case may be);
(c) no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Conditions;
(d) no resignation by or revocation of the appointment of the Reference Agent Bank shall take effect until a new Reference Agent Bank having its Specified Office in London has been appointed;
(e) no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto to this Agreement shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Agency Agreement
Limitations on Resignation and Revocation. Notwithstanding Clause 15.1 (Resignation) and Clause 15.2 (Revocation):
(a) 15.8.1 if at any time there should be only one Paying Agent, no resignation by or termination of the appointment of the Paying Agent shall take effect until a successor paying agent in respect of the affected class or classes of Current Issuer Notes approved in writing by the Note Trustee has been appointed on terms previously approved in writing by the Note Trustee;
(b) 15.8.2 no resignation by or termination of the appointment of any Paying Agent shall take effect if as a result of such resignation or termination (i) there would cease to be a Paying Agent in respect of the affected class or classes of Current Issuer Notes having a Specified Office in London or New York (as ii) the case may beIssuer would be in breach of Clause 15.7 (Maintenance of a Paying Agent in the European Union);
(c) 15.8.3 no appointment or termination of the appointment of a Paying Agent shall take effect unless and until notice thereof shall have been given to the relevant Noteholders in accordance with the Current Issuer Conditions;
(d) 15.8.4 no resignation by or revocation of the appointment of the Reference Agent Bank shall take effect until a new Reference Agent Bank having its Specified Office in London has been appointed;
(e) 15.8.5 no resignation by or termination of the appointment of the Registrar shall take effect until a new Registrar having its Specified Office in London has been appointed; and
(f) 15.8.6 the appointment of any additional Paying Agent shall be mutatis mutandis on the terms and subject to the conditions of this Agreement and each of the parties hereto to this Agreement shall co-operate fully to do all such further acts and things and execute any further documents as may be necessary or desirable to give effect to the appointment of such Paying Agent.
Appears in 1 contract
Samples: Agency Agreement