Common use of Reference Banks and Agent Bank Clause in Contracts

Reference Banks and Agent Bank. The Agent Bank shall ensure that, so long as any of the Notes remains outstanding, there shall at all times be four Reference Banks with offices in London and an Agent Bank. In the event of any Reference Bank being unable or unwilling to continue to act as a Reference Bank, the Current Issuer shall, with the approval of the Note Trustee, appoint a successor Reference Bank to act as such in its place. In the event of the then Agent Bank being unwilling to act as the Agent Bank, or resigning pursuant to the Current Issuer Paying Agent and Agent Bank Agreement, the Current Issuer shall, with the approval of the Note Trustee, appoint a successor Agent Bank. If the Current Issuer shall fail to appoint a successor Reference Bank or successor Agent Bank (as the case may be), the Agent Bank shall appoint such other bank as may be previously approved in writing by the Note Trustee to act as the Reference Bank or Agent Bank (as the case may be). The resignation of the Agent Bank will not take effect until a successor approved by the Note Trustee has been appointed.