Common use of Payment after a Default Clause in Contracts

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, the Trustee may: (a) by notice in writing to the Issuer, the Paying Agents and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; and (b) by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Seriesthe ETP Securities, the Trustee may: (aA) by notice in writing to the Issuer, the Issuing and Paying Agents and the Agent, any other Paying Agents, the Registrar, the Portfolio Administrator, any Transfer Agents and/or the Determination Agent, require the any and all of such Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: law to (ia) to act as agents agent of the Trustee under this the relevant Trust Deed and the Notes of such Series ETP Securities mutatis mutandis on the terms of the Agency Agreement, the Determination Agency Agreement, the Registrar Agreement and/or the Portfolio Administration Agreement, as applicable (with consequential amendments as necessary necessary) and except that the Trustee’s liability for the indemnification, remuneration and all other expenses of the such Agents (if any) shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series ETP Securities on the terms of this the relevant Trust Deed and which are available (after application in accordance with the relevant order of priority set out in the Conditions or the relevant Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (iias applicable) to discharge such liability); or (b) deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series the ETP Securities and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons ETP Securities to or to the order of such Series to the Trustee or as the Trustee directs in such notice; and (bB) by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series ETP Securities to or to the order of the Trustee and not to the Principal Issuing and Paying Agent and/or the Registrar (as the case may be) with effect from the issue receipt of any such notice to by the Issuer. From the issue of such notice ; and from then until such notice is withdrawn, proviso (1i) to Clause 2.3 2.6 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, the Trustee may: (a) by notice in writing to the Issuer, the Guarantor, the Paying Agents and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; and (b) by notice in writing to the Issuer and the Guarantor require it them to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Issuing and Principal Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effectAgent.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, the Trustee may: (a) by notice in writing to the Issuer, the Guarantor, the Paying Agents and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; and (b) by notice in writing to the Issuer and the Guarantor require it themit to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Issuing and Principal Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, Series the Bond Trustee may: (a) 2.5.1 by notice in writing to the Issuer, the Guarantor, the Paying Agents and the Agents, the Transfer Agent and Calculation Agent require the Paying Agents, the Transfer Agent and Calculation Agent, until notified by the Bond Trustee to the contrary, so far as permitted by applicable lawApplicable Law: (i) to act as agents Paying Agents, the Transfer Agent and Calculation Agent of the Bond Trustee under this Trust Deed and the Notes Bonds of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Bond Trustee’s liability for the indemnification, remuneration and expenses of the Agents Paying Agents, the Transfer Agent and Calculation Agent shall be limited to the amounts for the time being held by the Bond Trustee in respect of the Notes of such Series on the terms of this Trust DeedDeed and available for such purpose) and thereafter to hold all NotesBonds, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of NotesBonds, Certificates, Receipts, Coupons and Talons of such Series to the order of the Bond Trustee; or (ii) to deliver all NotesBonds, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the NotesBonds, Certificates, Receipts, Coupons and Talons of such Series to the Bond Trustee or as the Bond Trustee directs in such notice; and (b) 2.5.2 by notice in writing to the Issuer and the Guarantor require it them to make all subsequent payments in respect of the NotesBonds, Receipts, Coupons and Talons of such Series to or to the order of the Bond Trustee and not to the Principal Issuing and Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice ; and from then until such notice is withdrawn, proviso (1i) to Clause 2.3 (Covenant to Pay) shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Seriesthe ETP Securities, the Trustee may: (aA) by notice in writing to the Issuer, the Issuing and Paying Agents and the Agent, any other Paying Agents, the Registrar, the Portfolio Administrator, any Transfer Agents and/or the Determination Agent, require the any and all of such Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: law to (ia) to act as agents agent of the Trustee under this the relevant Trust Deed and the Notes of such Series ETP Securities mutatis mutandis on the terms of the Agency Agreement, the Determination Agency Agreement, the Registrar Agreement and/or the Portfolio Administration Agreement, as applicable (with consequential amendments as necessary necessary) and except that the Trustee’s liability for the indemnification, remuneration and all other expenses of the such Agents (if any) shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series ETP Securities on the terms of this the relevant Trust Deed and which are available (after application in accordance with the relevant order of priority set out in the Conditions or the relevant Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (iias applicable) to discharge such liability; or (b) deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series the ETP Securities and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons ETP Securities to or to the order of such Series to the Trustee or as the Trustee directs in such notice; and (bB) by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series ETP Securities to or to the order of the Trustee and not to the Principal Issuing and Paying Agent and/or the Registrar (as the case may be) with effect from the issue receipt of any such notice to by the Issuer. From the issue of such notice ; and from then until such notice is withdrawn, proviso (1i) to Clause 2.3 2.6 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Seriesoccurred, the Trustee may: (a) 2.4.1 by notice in writing to the Issuer, the Principal Paying Agents Agent and the Agents, other Agents require the Agents, until notified by Principal Paying Agent and the Trustee to the contrary, so far as permitted by applicable lawother Agents or any of them: (ia) to act thereafter, until otherwise instructed by the Trustee, as agents of the Trustee under the provisions of this Trust Deed and the Notes of such Series on the terms of provided in the Agency Agreement (with consequential amendments as necessary and except save that the Trustee’s 's liability under any provisions thereof for the indemnification, remuneration and payment of out-of-pocket expenses of the Agents shall be limited to the amounts for the time being held by the Trustee on the trusts of this Trust Deed in respect relation to each series of the Notes of such Series on the terms of this Trust DeedDeed and available to the Trustee for such purpose) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series Certificates and all moneyssums, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons each series of such Series to the order Notes on behalf of the Trustee; orand/or (iib) to deliver up all Notes, Certificates, Receipts, Coupons and Talons of such Series Certificates and all moneyssums, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons each series of such Series Notes to the Trustee or as the Trustee directs shall direct in such noticenotice provided that such notice shall be deemed not to apply to any document or record which the relevant Agent is obliged not to release by any law or regulation; and (b) 2.4.2 by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons each series of such Series Notes to or to the order of the Trustee and not to the Principal Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) 2.2.1 to Clause 2.2.3 and (so far as they concern payments by the Issuer) Clauses 2.3 and 10.4 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, the Trustee may: (a) by notice in writing to the IssuerIssuer and the Guarantor, the Paying Agents, the Transfer Agents and the AgentsCalculation Agent, require the Paying Agents, the Transfer Agents and the Calculation Agent, until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents Paying Agents, Transfer Agents and Calculation Agent of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Paying Agents, the Transfer Agents and the Calculation Agent shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; orTrustee or Back to Contents (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; notice and (b) by notice in writing to the Issuer and the Guarantor require it each of them to make all subsequent payments in respect of the Notes, Receipts, Receipts and Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Issuing and Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effectAgent.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, the Trustee may: (a) 2.5.1 by notice in writing to the Issuer, the Guarantor, the Paying Agents and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: (ia) to act as agents of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the TrusteeTrustee'sTrustee’s liability for the indemnification, remuneration and expenses of the Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (ii) (b) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; and (b) by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, the Trustee may: (a) 2.5.1 by notice in writing to the relevant Issuer, the relevant Guarantors, the Paying Agents and the Transfer Agents, require the Paying Agents and the Transfer Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law:: Back to Contents (i) to act as agents Paying Agents and Transfer Agents of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Paying Agents and the Transfer Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; Trustee or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; notice and (b) 2.5.2 by notice in writing to the relevant Issuer and the relevant Guarantors require it them to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Issuing and Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effectAgent.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, Series the Trustee may: (a) 2.5.1 by notice in writing to the Issuer, the Paying Agents and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents Agents of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; Trustee or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; notice and (b) 2.5.2 by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Issuing and Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice ; and from then until such notice is withdrawn, proviso (1) to Clause 2.3 above shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, the Trustee may: (a) by notice in writing to the relevant Issuer, the relevant Guarantor(s), the Paying Agents and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents of the Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all ail moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; and (b) by notice in writing to the relevant Issuer and the relevant Guarantor(s) require it them to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Issuing and Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effectAgent.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Seriesoccurred, the Trustee may: (a) 2.4.1 by notice in writing to the Issuer, the Paying Agents Guarantor and the Agents, require the Agents, Agents (or such of them as are specified by the Trustee) pursuant to the Agency Agreement and until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents Agents of the Trustee under this Trust Deed and the Notes of such Series Bonds on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability under the Agency Agreement for the indemnification, remuneration and expenses of the Agents shall will be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series Bonds on the terms of this Trust DeedDeed and available for that purpose) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series Exchange Property and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons the Exchange Property and Talons of such Series Bonds to the order of the Trustee; or (ii) to deliver all NotesBonds, Certificates, Receipts, Coupons and Talons of such Series all Exchange Property and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series Bonds or Exchange Property to the Trustee or as the Trustee directs in such notice; and (b) 2.4.2 by notice in writing to the Issuer and the Guarantor, require it each of them to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series Bonds to or to the order of the Trustee and not to the Principal Paying Paying, Transfer and Exchange Agent and, with effect from the issue of any such notice to the Issuer. From Issuer and the issue of such notice Guarantor until such notice is withdrawn, proviso (1) 2.2.2 to Clause 2.3 2.2 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Seriesthe ETP Securities, the Trustee may: (aA) by notice in writing to the Issuer, the Issuing and Paying Agents and the Agent, any other Paying Agents, the Registrar, the Portfolio Administrator, any Transfer Agents and/or the Determination Agent, require the any and all of such Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: law to (ia) to act as agents agent of the Trustee under this the relevant Trust Deed and the Notes of such Series ETP Securities mutatis mutandis on the terms of the Agency Agreement, the Determination Agency Agreement, the Registrar Agreement and/or the Portfolio Administration Agreement, as applicable (with consequential amendments as necessary necessary) and except that the Trustee’s 's liability for the indemnification, remuneration and all other expenses of the such Agents (if any) shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series ETP Securities on the terms of this the relevant Trust Deed and which are available (after application in accordance with the relevant order of priority set out in the Conditions or the relevant Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (iias applicable) to discharge such liability); or (b) deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series the ETP Securities and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons ETP Securities to or to the order of such Series to the Trustee or as the Trustee directs in such notice; and (bB) by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series ETP Securities to or to the order of the Trustee and not to the Principal Issuing and Paying Agent and/or the Registrar (as the case may be) with effect from the issue receipt of any such notice to by the Issuer. From the issue of such notice ; and from then until such notice is withdrawn, proviso (1i) to Clause 2.3 2.6 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular SeriesDefault, the Trustee may: (a) 3.4.1 by notice in writing to the Issuer, Issuer and the Paying Agents and the Agents, require the Paying Agents, until notified by the Trustee to the contrary, so far as permitted by applicable lawApplicable Law: (i) to act as agents Paying Agents of the Trustee under this the Trust Deed and the relevant Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and all other expenses of the Paying Agents shall will be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this the Trust DeedDeed and which are available (after application in accordance with Clause 7) to discharge such liability) and thereafter to hold all the relevant Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the relevant Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (ii) to deliver all the relevant Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the relevant Notes, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; and (b) 3.4.2 by notice in writing to the Issuer Issuer, require it to make all subsequent payments in respect of the relevant Notes, Receipts, Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Issuing and Paying Agent with effect from the issue of any such notice to the Issuer. From the issue of such notice ; and from then until such notice is withdrawn, proviso (1i) to Clause 2.3 3.2 shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation or the Bonds shall otherwise have become due and payable or the Trustee shall have received any money which it proposes to a particular Seriespay to the Bondholders under Clause 6, the Trustee may: (a) 2.4.1 by notice in writing to the Issuer, the Paying Agents and the AgentsRegistrar, require the AgentsAgents and the Registrar, until notified in writing by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents of the Trustee under this Trust Deed and the Notes of such Series Bonds on the terms of the Agency Agreement (with consequential amendments as necessary and except save that the Trustee’s liability for the indemnification, remuneration and all other expenses of the Agents and the Registrar shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series Bonds on the terms of this Trust Deed) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series Certificates and all moneys, documents and records held by them in respect of the NotesBonds to the order of the Trustee; Bella - Trust Deed or (ii) to deliver all Certificates and all moneys, Certificates, Receipts, Coupons documents and Talons records held by them in respect of such Series the Bonds to the Trustee or as the Trustee directs in such noticenotice or subsequently, provided that this sub-Clause 2.4.1(ii) shall not apply to any documents or records which the relevant Agent or the Registrar, as the case may be, is/are obliged not to release pursuant to any law or regulation to which it/they are subject; and (b) 2.4.2 by notice in writing to the Issuer require it to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series Bonds to or to the order of the Trustee and not to the Principal Paying Agent with effect from and any subsequent payment so made by the issue of any such notice to Issuer shall discharge the Issuer. From the issue of ’s obligations with respect to such notice until such notice is withdrawn, proviso (1) to Clause 2.3 shall cease to have effectpayment.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Seriesoccurred, the Trustee may: (a) 2.6.1 by notice in writing to the relevant Issuer, the Paying Agents Guarantor and the Agents, require the Agents, until notified by the Trustee to the contrary, so far as permitted by applicable law: (i) to act as agents Agents of the Trustee under this Trust Deed and the Notes ECNs of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Trustee’s liability for the indemnification, remuneration and expenses of the Agents shall be limited to the amounts for the time being held by the Trustee in respect of the Notes of such Series on the terms of this Trust DeedDeed and available for this purpose) and thereafter to hold all NotesECNs, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of NotesECNs, Certificates, Receipts, Coupons and Talons of such Series to the order of the Trustee; Trustee or (ii) to deliver all NotesECNs, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the NotesECNs, Certificates, Receipts, Coupons and Talons of such Series to the Trustee or as the Trustee directs in such notice; notice and (b) 2.6.2 by notice in writing to the relevant Issuer and the Guarantor require it them to make all subsequent payments in respect of the Notes, ReceiptsECNs, Coupons and Talons of such Series to or to the order of the Trustee and not to the Principal Issuing, Paying and Conversion Agent with effect from the issue of any such notice to the relevant Issuer. From the issue of such notice , and from then until such notice is withdrawn, proviso (1) to Clause 2.3 above shall cease to have effect.

Payment after a Default. At any time after an Event of Default or a Potential Event of Default has occurred in relation to a particular Series, Series the Note Trustee may: (a) by notice in writing to the Relevant Issuer, the Paying Agents and the other Agents, require the Paying Agents and the other Agents, or any of them until notified by the Note Trustee to the contrary, so far as permitted by applicable law: (i) to act thereafter until otherwise instructed by the Note Trustee as agents Agents of the Note Trustee under this Trust Deed and the Notes of such Series on the terms of the Agency Agreement (with consequential amendments as necessary and except that the Note Trustee’s 's liability for the indemnification, remuneration and expenses of the Paying Agents and the Transfer Agents shall be limited to the amounts for the time being held by the Note Trustee in respect of the Notes of such Series on the terms of this Trust DeedDeed and available for that purpose) and thereafter to hold all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of Notes, Certificates, Receipts, Coupons and Talons of such Series on behalf of or to the order of the Note Trustee; orand/or (ii) to deliver all Notes, Certificates, Receipts, Coupons and Talons of such Series and all moneys, documents and records held by them in respect of the Notes, Certificates, Receipts, Coupons and Talons of such Series to the Note Trustee or as the Note Trustee directs in such noticenotice provided that, such notice shall be deemed not to apply to any document or record which the relevant Agent is obliged not to release by any law or regulation; and (b) by notice in writing to the Relevant Issuer require it the Relevant Issuer to make all subsequent payments in respect of the Notes, Receipts, Coupons and Talons of such Series to or to the order of the Note Trustee and not to the Principal Issuing and Paying Agent with effect from the issue of any such notice to the Relevant Issuer. From the issue of such notice ; and from then until such notice is withdrawn, proviso (1) to Clause 2.3 ‎‎2.3 (Covenant to Pay) above shall cease to have effect.