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 First Issuer Notes remains outstanding, there shall at all times be four Reference Banks with offices in London and an Agent Bank. The initial Reference Banks shall be, in the case of First Issuer Notes, the principal London offices of each of ABN AMRO Bank N.V., Barclays Bank PLC, Citibank, N.A. and The Royal Bank of Scotland plc. The initial Agent Bank shall be Citibank, N.A., London Branch, acting through its London office. In the event of any Reference Bank being unable or unwilling to continue to act as a Reference Bank, the First Issuer shall, with the prior written approval of the Note Trustee, appoint a successor Reference Bank to act as such in its place. In the event of Citibank, N.A., London Branch being unwilling or unable to act as the Agent Bank, or resigning pursuant to the First Issuer Paying Agent and Agent Bank Agreement, the First Issuer shall, with the approval of the Note Trustee, appoint a successor Agent Bank. If the First 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 in writing by the Note Trustee has been appointed.

Appears in 2 contracts

Samples: First Issuer Trust (Permanent Mortgages Trustee LTD), First Issuer Trust (Permanent Mortgages Trustee LTD)

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Reference Banks and Agent Bank. The Agent Bank shall ensure that, so long as any of the First Eighth Issuer Notes remains outstanding, there shall at all times be four Reference Banks with offices in London and an Agent Bank. The initial Reference Banks shall be, in the case of First Eighth Issuer Notes, the principal London offices of each of [ABN AMRO Bank N.V., Barclays Bank PLC, Citibank, N.A. and The Royal Bank of Scotland plc.]. The initial Agent Bank shall be Citibank, N.A.JPMorgan Chase Bank, London Branch, acting through its London office. In the event of any Reference Bank being unable or unwilling to continue to act as a Reference Bank, the First Eighth Issuer shall, with the prior written approval of the Note Trustee, appoint a successor Reference Bank to act as such in its place. In the event of Citibank, N.A.JPMorgan Chase Bank, London Branch being unwilling or unable to act as the Agent Bank, or resigning pursuant to the First Eighth Issuer Paying Agent and Agent Bank Agreement, the First Eighth Issuer shall, with the approval of the Note Trustee, appoint a successor Agent Bank. If the First Eighth 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 in writing by the Note Trustee has been appointed.

Appears in 1 contract

Samples: Eighth Issuer Trust (Holmes Financing No 8 PLC)

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Reference Banks and Agent Bank. The Agent Bank shall ensure that, so long as any of the First Seventh Issuer Notes remains outstanding, there shall at all times be four Reference Banks with offices in London and an Agent Bank. The initial Reference Banks shall be, in the case of First Seventh Issuer Notes, the principal London offices of each of [ABN AMRO Bank N.V.], [Barclays Bank PLC], [Citibank, N.A. N.A.] and [The Royal Bank of Scotland plc.]. The initial Agent Bank shall be Citibank, N.A.[JPMorgan Chase Bank, London Branch], acting through its London office. In the event of any Reference Bank being unable or unwilling to continue to act as a Reference Bank, the First Seventh Issuer shall, with the prior written approval of the Note Trustee, appoint a successor Reference Bank to act as such in its place. In the event of Citibank, N.A.[JPMorgan Chase Bank, London Branch Branch] being unwilling or unable to act as the Agent Bank, or resigning pursuant to the First Seventh Issuer Paying Agent and Agent Bank Agreement, the First Seventh Issuer shall, with the approval of the Note Trustee, appoint a successor Agent Bank. If the First Seventh 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 in writing by the Note Trustee has been appointed.

Appears in 1 contract

Samples: Holmes Financing No 7 PLC

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