Notice to DTC. Upon the exercise of the UK Bail-in Power by the relevant UK resolution authority with respect to the Notes, the Issuer shall provide a written notice to DTC as soon as practicable regarding such exercise of the UK Bail-in Power for purposes of notifying Holders of such occurrence. The Issuer shall also deliver a copy of such notice to the Trustee for information purposes.
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Samples: Supplemental Indenture (Abbey National Treasury Services PLC/Eng), Supplemental Indenture (Abbey National Treasury Services PLC/Eng), Supplemental Indenture (Santander UK PLC)
Notice to DTC. Upon the exercise of the UK Bail-in Power by the relevant UK resolution authority with respect to the Notes, the Issuer shall provide a written notice to DTC as soon as practicable regarding such exercise of the UK Bail-in Power for purposes of notifying Holders of such occurrenceoccurrence and, where relevant, marking down the Notes. The Issuer shall also deliver a copy of such notice to the Trustee for information purposes.
Appears in 2 contracts
Samples: Supplemental Indenture (Abbey National Treasury Services PLC/Eng), Supplemental Indenture (Abbey National Treasury Services PLC/Eng)
Notice to DTC. Upon the exercise of the UK Bail-in Power by the relevant UK resolution authority with respect to the Notes, the Issuer Company shall provide a written notice to DTC as soon as practicable regarding such exercise of the UK Bail-in Power for purposes of notifying Holders of such occurrence. The Issuer Company shall also deliver a copy of such notice to the Trustee for information purposes.
Appears in 1 contract
