Common use of RESPONSIBILITY OF THE AGENTS Clause in Contracts

RESPONSIBILITY OF THE AGENTS. (1) No Agent shall be responsible to anyone with respect to the validity of this Agreement or the Notes, Coupons or Talon or for any act or omission by it in connection with this Agreement or any Note, Coupon or Talon except for its own negligence, default, wilful misconduct or bad faith, including that of its officers, directors and employees. (2) No Agent shall have any duty or responsibility in the case of any default by the Issuer in the performance of its obligations under the Conditions. (3) Whenever in the performance of its duties under this Agreement an Agent shall deem it desirable that any matter be established by the Issuer prior to taking or suffering any action under this Agreement, the matter may be deemed to be conclusively established by a certificate signed by the Issuer and delivered to the Agent and the certificate shall be a full authorisation to the Agent for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon the certificate.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

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RESPONSIBILITY OF THE AGENTS. (1) 21.1 No Agent shall be responsible to anyone with respect to the validity of this Agreement or the Notes, Notes or Coupons or Talon or for any act or omission by it in connection with this Agreement or any Note, Note or Coupon or Talon except for its own negligence, default, wilful misconduct default or bad faithfraud, including that of its officers, directors and employees. (2) 21.2 No Agent shall have any duty or responsibility in the case of any default by the Issuer in the performance of its obligations under the Conditions. (3) 21.3 Whenever in the performance of its duties under this Agreement an Agent shall deem it desirable that any matter be established by the Issuer or the Trustee prior to taking or suffering any action under this Agreement, the matter may be deemed to be conclusively established by a certificate signed by the Issuer or the Trustee and delivered to the Agent and the certificate shall be a full authorisation to the Agent for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon the certificate.

Appears in 1 contract

Samples: Agency Agreement

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RESPONSIBILITY OF THE AGENTS. (1) 20.1 No Agent shall be responsible to anyone with respect to the validity of this Agreement or the Notes, Notes or Coupons or Talon or for any act or omission by it in connection with this Agreement or any Note, Note or Coupon or Talon except for its own gross negligence, default, wilful misconduct default or bad faithfraud, including that of its officers, directors officers and employees. (2) 20.2 No Agent shall have any duty or responsibility in the case of any default by the Issuer or the Guarantor in the performance of its obligations under the ConditionsConditions or the Trust Deed. (3) 20.3 Whenever in the performance of its duties under this Agreement an Agent shall deem it desirable that any matter be established by the Issuer Issuer, the Guarantor or the Trustee prior to taking or suffering any action under this Agreement, the matter may be deemed to be conclusively established by a certificate signed by the Issuer Issuer, the Guarantor or the Trustee and delivered to the Agent and the certificate shall be a full authorisation to the Agent for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon the certificate.

Appears in 1 contract

Samples: Agency Agreement

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