Notwithstanding Clauses 6 Sample Clauses
A 'Notwithstanding Clauses 6' provision establishes that the terms within this clause take precedence over any conflicting terms found in Clause 6 of the agreement. In practice, this means that if there is any inconsistency between what is stated in Clause 6 and what is outlined in the 'Notwithstanding' clause, the latter will override the former. This approach is commonly used to carve out exceptions or special conditions that must apply even if they contradict the general rules set out elsewhere, thereby ensuring that specific intentions or arrangements are honored despite broader provisions.
Notwithstanding Clauses 6. 5.1 and 6.5.2, PML as Administrator may at any time transfer:
(a) (x) any Collection Account to HSBC Bank plc; or (y) the PB Collection Account to Barclays Bank plc, in each case without the consent of the Trustee or any other party hereto provided that at such time HSBC Bank plc or Barclays Bank plc (as applicable) (a) (i) has a short-term, issuer default rating by Fitch of at least F2 or (ii) has a long-term issuer default rating by Fitch of at least BBB; and (b) whose long-term, unsecured and unsubordinated debt rated at least Baa3 by ▇▇▇▇▇'▇; or HSBC Bank plc or Barclays Bank plc (as applicable) has at such time such other ratings as are consistent with the then current criteria of ▇▇▇▇▇'▇ as being the minimum ratings that are required to support the then rating of the Most Senior Class of Rated Notes; and/or
(b) the Transaction Account to HSBC Bank plc and/or Barclays Bank plc without the consent of the Trustee or any other party hereto provided that at such time HSBC Bank plc or Barclays Bank plc (i) has a short- term issuer default rating by Fitch of at least F1 or (ii) has a long-term issuer default rating by Fitch of at least A; and whose long-term, unsecured and unguaranteed debt is rated at least A3 by ▇▇▇▇▇'▇; or HSBC Bank plc or Barclays Bank plc has at such time such other ratings as are consistent with the then-current criteria of the relevant Rating Agencies as being the minimum ratings required to support the then- current ratings of the Most Senior Class of Rated Notes.
Notwithstanding Clauses 6. 4.1 and 6.4.3 above, no relief shall be granted to the Party claiming Force Majeure or other risk events pursuant to this Clause 6.4 to the extent that such failure or delay would have nevertheless been experienced by that Party had such Force Majeure or other risk events not occurred.
Notwithstanding Clauses 6. 1 and 6.2, we acknowledge and agree that to the extent required (a) you may summarize the material terms of this Agreement in the Registration Statement and (b) you may provide information to Investors that is required to be provided to Investors pursuant to the terms of the Trust Agreement or the Registration Statement.
Notwithstanding Clauses 6. 4.4 and 6.4.6 and without prejudice to Clause 6.4.8, if the Contractor suffers an Insolvency Event as defined in Clause 17 of Section D prior to any Final Date, the Purchaser shall not be required to pay the relevant Notified Sum, the sum set out in the relevant Payee Notice, or where appropriate the amount set out in the relevant Pay Less Notice on or before that Final Date;