Common use of Resignation and Appointment of Agents Clause in Contracts

Resignation and Appointment of Agents. The Company may terminate at any time the appointment of any or all of the Registrar, Co-Registrar, Principal Paying Agent, and any Paying Agent and any Transfer Agent, with or without cause, by giving to the Registrar, Co-Registrar, Principal Paying Agent, Paying Agent or the Transfer Agent, as the case may be, at least 90 days’ prior written notice to that effect; provided, that (i) in the case of termination of the appointment of the Registrar or the Co-Registrar, no such notice shall take effect until a new Registrar or Co-Registrar, as the case may be, has been appointed and has accepted such appointment, and (ii) the effective date of such termination may not occur within 21 days before or after an Interest Payment Date nor during such time as an Event of Default shall have occurred and be continuing. The Registrar, Co-Registrar, Principal Paying Agent, any Paying Agent, and any Transfer Agent may at any time resign from such capacities by giving written notice to the Company, specifying the date on which its desired resignation shall become effective, provided, however, that (i) such date shall never be less than 45 days from the date on which such notice is received by the Company, unless the Company agrees to accept less notice, (ii) the effective date of such resignation may not occur within 21 days before or after an Interest Payment Date and (iii) in any event, the resignation may not take effect prior to the appointment of a successor Registrar, Co-Registrar, Principal Paying Agent, Paying Agent or Transfer Agent, as the case may be, and the acceptance thereof of such appointment. If the Registrar, Co-Registrar, Principal Paying Agent, any Paying Agent or any Transfer Agent, as the case may be, resigns or is removed and the Company has not appointed a successor agent within 15 days of the expiration of the relevant notice, then the relevant Registrar, Co-Registrar, Principal Paying Agent, Paying Agent, or Transfer Agent, as the case may be, may appoint, or may petition a court of competent jurisdiction for the appointment of, a reputable institution as the successor agent at the expense of the Company. Upon its removal or resignation, the Registrar, Co-Registrar, Principal Paying Agent, any Paying Agent or any Transfer Agent, as the case may be, shall be entitled to the payment by the Company of its compensation and indemnification for the services rendered hereunder. As long as it is required by Argentine law or by the CNV, the Company shall maintain a registrar, a paying agent, a transfer agent and a representative of the Trustee in Buenos Aires, Argentina. Initially, Banco Santander Río S.A. shall act as such Registrar, Paying Agent, Transfer Agent and representative of the Trustee in Buenos Aires, Argentina. The Company shall give notice of each resignation and each removal of any Paying Agent or Transfer Agent with respect to Notes of any series and each appointment of a successor Paying Agent or Transfer Agent with respect to the Notes of any series to all Holders of Notes of such series in the manner provided in Section 1.6, to the CNV and to any stock exchange on which any Notes are then listed or traded.

Appears in 1 contract

Samples: Indenture (Gas Transporter of the South Inc)

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Resignation and Appointment of Agents. The Company may terminate at any time the appointment of any or all of the Registrar, Co-Registrar, Principal Paying Agent, Registrar and any Paying Agent and any Transfer Agent, with or without cause, by giving to the Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent or the Transfer Agent, as the case may be, at least 90 days’ prior written notice to that effecteffect unless the relevant agent agrees to accept less notice; provided, provided that (i) in the case of termination of the appointment of the Registrar or the Co-Registrar, no such notice termination shall take effect until a new Registrar or Co-Registrar, as the case may be, has been appointed and has accepted such appointment, and (ii) the effective date of such termination may not occur within 21 days before or after an Interest Payment Date nor during such time as an Event of Default shall have occurred and be continuing. The Registrar, Co-Registrar, Principal Paying Agent, Registrar and any Paying Agent, and any Transfer Agent may at any time resign from such capacities by giving written notice to the Company, specifying the date on which its desired resignation shall become effective, ; provided, however, that (i) such date shall never be less than 45 90 days from the date on which such notice is received by the Company, unless the Company agrees to accept less notice, (ii) the effective date of such resignation may not occur within 21 days before or after an Interest Payment Date and (iii) in any event, the resignation may not take effect prior to the appointment of a successor Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent or Transfer Agent, as the case may be, and the acceptance thereof of such appointment. If the Registrar, Co-Registrar, Principal Paying Agent, Registrar or any Paying Agent or any Transfer Agent, as the case may be, resigns or is removed and the Company has not appointed a successor agent within 15 days of the expiration of the relevant notice, then the relevant Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent, or Transfer Agent, as the case may be, may appoint, or may petition a court of competent jurisdiction for the appointment of, a reputable institution as the successor agent at the expense of the Companyagent. Upon its removal or resignation, the Registrar, Co-Registrar, Principal Paying Agent, Registrar or any Paying Agent or any Transfer Agent, as the case may be, shall be entitled to the payment by the Company of its compensation and indemnification for the services rendered hereunder. As long as any Series of Notes is Outstanding, the Company will maintain a co-registrar and a paying agent in Xxx Xxxx Xxxx, Xxx Xxxx, Xxxxxx Xxxxxx. Initially, The Bank of New York shall act as such Co-Registrar and Paying Agent in Xxx Xxxx Xxxx, Xxx Xxxx, Xxxxxx Xxxxxx. As long as it is required by Argentine law or by the CNV, the Company shall will maintain a registrar, a paying transfer agent, a transfer paying agent and a representative of the Trustee in Buenos Aires, Argentina. Initially, Banco Santander Río S.A. shall act as such Registrar, Paying Transfer Agent, Transfer Paying Agent in Argentina, and representative of the Trustee in Buenos Aires, Argentina. The As long as any Series of Notes is listed on the Luxembourg Stock Exchange, the Company shall give notice of each resignation and each removal of any will maintain a Paying Agent or Transfer Agent with respect to Notes in Luxembourg. Initially, The Bank of any series and each appointment of a successor New York (Luxembourg) S.A. shall act as such Paying Agent or Transfer Agent with respect to the Notes of any series to all Holders of Notes of such series in the manner provided in Section 1.6, to the CNV and to any stock exchange on which any Notes are then listed or tradedLuxembourg.

Appears in 1 contract

Samples: Indenture (Edenor)

Resignation and Appointment of Agents. The Company may terminate at any time the appointment of any or all of the Registrar, Co-Registrar, Principal Paying Agent, Registrar and any Paying Agent and any Transfer Agent, with or without cause, by giving to the Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent or the Transfer Agent, as the case may be, at least 90 days’ prior written notice to that effecteffect unless the relevant agent agrees to accept less notice; provided, provided that (i) in the case of termination of the appointment of the Registrar or the Co-Registrar, no such notice termination shall take effect until a new Registrar or Co-Registrar, as the case may be, has been appointed and has accepted such appointment, and (ii) the effective date of such termination may not occur within 21 days before or after an Interest Payment Date nor during such time as an Event of Default shall have occurred and be continuing. The Registrar, Co-Registrar, Principal Paying Agent, Registrar and any Paying Agent, and any Transfer Agent may at any time resign from such capacities by giving written notice to the Company, specifying the date on which its desired resignation shall become effective, ; provided, however, that (i) such date shall never be less than 45 90 days from the date on which such notice is received by the Company, unless the Company agrees to accept less notice, (ii) the effective date of such resignation may not occur within 21 days before or after an Interest Payment Date and (iii) in any event, the resignation may not take effect prior to the appointment of a successor Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent or Transfer Agent, as the case may be, and the acceptance thereof of such appointment. If the Registrar, Co-Registrar, Principal Paying Agent, Registrar or any Paying Agent or any Transfer Agent, as the case may be, resigns or is removed and the Company has not appointed a successor agent within 15 days of the expiration of the relevant notice, then the relevant Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent, or Transfer Agent, as the case may be, may appoint, or may petition a court of competent jurisdiction for the appointment of, a reputable institution as the successor agent at the expense of the Companyagent. Upon its removal or resignation, the Registrar, Co-Registrar, Principal Paying Agent, Registrar or any Paying Agent or any Transfer Agent, as the case may be, shall be entitled to the payment by the Company of its compensation and indemnification for the services rendered hereunder. As long as any Notes are Outstanding, the Company will maintain a co-registrar and a paying agent in Nxx Xxxx Xxxx, Xxx Xxxx, Xxxxxx Xxxxxx. Initially, The Bank of New York shall act as such Co-Registrar and Paying Agent in Nxx Xxxx Xxxx, Xxx Xxxx, Xxxxxx Xxxxxx. As long as it is required by Argentine law or by the CNV, the Company shall will maintain a registrar, a paying transfer agent, a transfer paying agent and a representative of the Trustee in Buenos Aires, Argentina. Initially, Banco Santander Río S.A. shall act as such Registrar, Paying Transfer Agent, Transfer Paying Agent in Argentina, and representative of the Trustee in Buenos Aires, Argentina. The As long as any Notes is listed on the Luxembourg Stock Exchange, the Company shall give notice of each resignation and each removal of any will maintain a Paying Agent or Transfer Agent with respect to Notes in Luxembourg. Initially, The Bank of any series and each appointment of a successor New York (Luxembourg) S.A. shall act as such Paying Agent or Transfer Agent with respect to the Notes of any series to all Holders of Notes of such series in the manner provided in Section 1.6, to the CNV and to any stock exchange on which any Notes are then listed or tradedLuxembourg.

Appears in 1 contract

Samples: Indenture (Edenor)

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Resignation and Appointment of Agents. The Company may terminate at any time the appointment of any or all of the Registrar, Co-Registrar, Principal Paying Agent, Registrar and any Paying Agent and any Transfer Agent, with or without cause, by giving to the Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent or the Transfer Agent, as the case may be, at least 90 days’ prior written notice to that effecteffect unless the relevant agent agrees to accept less notice; provided, provided that (i) in the case of termination of the appointment of the Registrar or the Co-Registrar, no such notice termination shall take effect until a new Registrar or Co-Registrar, as the case may be, has been appointed and has accepted such appointment, and (ii) the effective date of such termination may not occur within 21 days before or after an Interest Payment Date nor during such time as an Event of Default shall have occurred and be continuing. The Registrar, Co-Registrar, Principal Paying Agent, Registrar and any Paying Agent, and any Transfer Agent may at any time resign from such capacities by giving written notice to the Company, specifying the date on which its desired resignation shall become effective, ; provided, however, that (i) such date shall never be less than 45 60 days from the date on which such notice is received by the Company, unless the Company agrees to accept less notice, (ii) the effective date of such resignation may not occur within 21 days before or after an Interest Payment Date and (iii) in any event, the resignation may not take effect prior to the appointment of a successor Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent or Transfer Agent, as the case may be, and the acceptance thereof of such appointment. If the Registrar, Co-Registrar, Principal Paying Agent, Registrar or any Paying Agent or any Transfer Agent, as the case may be, resigns or is removed and the Company has not appointed a successor agent within 15 75 days of from the expiration of date on which the relevant noticenotice is received by the Company, then the relevant Registrar, Co-Registrar, Principal Registrar or Paying Agent, Paying Agent, or Transfer Agent, as the case may be, may appoint, or may petition a court of competent jurisdiction for the appointment of, a reputable institution as the successor agent at the expense of the Companyagent. Upon its removal or resignation, the Registrar, Co-Registrar, Principal Paying Agent, Registrar or any Paying Agent or any Transfer Agent, as the case may be, shall be entitled to the payment by the Company of its compensation and indemnification for the services rendered hereunder. As long as any Notes are Outstanding, the Company will maintain a co-registrar and a paying agent in Xxx Xxxx Xxxx, Xxx Xxxx, Xxxxxx Xxxxxx. Initially, The Bank of New York Mellon shall act as such Co-Registrar and Paying Agent in Xxx Xxxx Xxxx, Xxx Xxxx, Xxxxxx Xxxxxx. As long as it is required by Argentine law or by the CNV, the Company shall will maintain a registrar, a paying transfer agent, a transfer paying agent and a representative of the Trustee in Buenos Aires, Argentina. Initially, Banco Santander Río S.A. shall act as such Registrar, Paying Transfer Agent, Transfer Paying Agent in Argentina, and representative of the Trustee in Buenos Aires, Argentina. The As long as any Note is listed on the Luxembourg Stock Exchange, the Company shall give notice of each resignation and each removal of any will maintain a Paying Agent or Transfer Agent with respect to Notes in Luxembourg. Initially, The Bank of any series and each appointment of a successor New York Mellon (Luxembourg) S.A. shall act as such Paying Agent or Transfer Agent with respect to the Notes of any series to all Holders of Notes of such series in the manner provided in Section 1.6, to the CNV and to any stock exchange on which any Notes are then listed or tradedLuxembourg.

Appears in 1 contract

Samples: Indenture (Edenor)

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