Common use of Paying Agents to act for Trustee Clause in Contracts

Paying Agents to act for Trustee. If any Event of Default occurs, the Paying Agents shall, if so required by notice given by the Trustee to the Relevant Issuer (and the Guarantor in respect of the Guaranteed Notes) and the Paying Agents (or such of them as are specified by the Trustee): 8.8.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed (save that the Trustee's liability for the indemnification of any of the Paying Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed and available to the Trustee for such purpose) and thereafter to hold all Definitive Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes on behalf of the Trustee; and/or 8.8.2 deliver up all Definitive Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which any Paying Agent is obliged not to release by any law or regulation.

Paying Agents to act for Trustee. ‌ If any Event of Default or Potential Event of Default occurs, the Paying Agents shall, if so required by notice given by the Trustee to the Relevant Issuer (and the Guarantor in respect of the Guaranteed Notes) and the Paying Agents (or such of them as are specified by the Trustee): 8.8.1 7.9.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed and on the terms of this Agreement with consequential amendments if necessary (save that the Trustee's liability for the indemnification indemnification, remuneration and all other out-of-pocket expenses of any of the Paying Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed and available to the Trustee for such purpose) and thereafter to hold all Definitive Notes, Bonds and Coupons and Talons and all sums, documents and records held by them in respect of the Notes on behalf Bonds and Coupons to the order of the Trustee; and/or 8.8.2 7.9.2 deliver up all Definitive Notes, Bonds and Coupons and Talons and all sums, documents and records held by them in respect of the Notes Bonds and Coupons (save for such documents and records which the Paying Agents are obliged not to release by virtue of any applicable law or regulation or by order of any court of competent jurisdiction) to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which any Paying Agent is obliged not to release by any law or regulation.

Paying Agents to act for Trustee. If any Event of Default or Potential Event of Default occurs, the Paying Agents shall, if so required by notice given by the Trustee to the Relevant Issuer (and Issuer, the Guarantor in respect of the Guaranteed Notes) and the Paying Agents (or such of them as are specified by the Trustee): 8.8.1 7.9.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed and on the terms of this Agreement with consequential amendments if necessary (save that the Trustee's liability for the indemnification indemnification, remuneration and all other out-of-pocket expenses of any of the Paying Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed and available to the Trustee for such purpose) and thereafter to hold all Definitive Notes, Bonds and Coupons and Talons and all sums, documents and records held by them in respect of the Notes on behalf Bonds and Coupons to the order of the Trustee; and/or 8.8.2 7.9.2 deliver up all Definitive Notes, Bonds and Coupons and Talons and all sums, documents and records held by them in respect of the Notes Bonds and Coupons (save for such documents and records which the Paying Agents are obliged not to release by virtue of any applicable law or regulation or by order of any court of competent jurisdiction) to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which any Paying Agent is obliged not to release by any law or regulation.

Paying Agents to act for Trustee. If any Event of Default or Potential Event of Default occurs, the Paying Agents shall, if so required by notice given by the Trustee to the Relevant Issuer (and the Guarantor in respect of the Guaranteed Notes) and the Paying Agents (or such of them as are specified by the Trustee): 8.8.1 7.9.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed and on the terms of this Agreement with consequential amendments if necessary (save that the Trustee's liability for the indemnification indemnification, remuneration and all other out-of-pocket expenses of any of the Paying Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed and available to the Trustee for such purpose) and thereafter to hold all Definitive Notes, Bonds and Coupons and Talons and all sums, documents and records held by them in respect of the Notes on behalf Bonds and Coupons to the order of the Trustee; and/or 8.8.2 7.9.2 deliver up all Definitive Notes, Bonds and Coupons and Talons and all sums, documents and records held by them in respect of the Notes Bonds and Coupons (save for such documents and records which the Paying Agents are obliged not to release by virtue of any applicable law or regulation or by order of any court of competent jurisdiction) to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which any Paying Agent is obliged not to release by any law or regulation.

Paying Agents to act for Trustee. If any Event of Default occurs, the Paying Agents shall, if so required by notice given by the Trustee to the Relevant Issuer (and the Guarantor in respect of the Guaranteed Notes) and the Paying Agents (or such of them as are specified by the Trustee): 8.8.1 7.8.1 act thereafter, until otherwise instructed by the Trustee, as the agents of the Trustee in relation to payments to be made by or on behalf of the Trustee under the Trust Deed (save that the Trustee's liability for the indemnification of any of the Paying Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of the Trust Deed and available to the Trustee for such purpose) and thereafter to hold all Definitive Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes on behalf of the Trustee; and/or 8.8.2 7.8.2 deliver up all Definitive Notes, Coupons and Talons and all sums, documents and records held by them in respect of the Notes to the Trustee or as the Trustee shall direct in such notice; provided, however, that such notice shall not be deemed to apply to any document or record which any Paying Agent is obliged not to release by any law or regulation.