RESPONSIBILITY OF THE PAYING AGENTS AND THE REGISTRAR. 19.1 Neither the Paying Agents nor the Registrar shall be responsible or accountable to anyone with respect to the validity of this Agreement or the Covered Bonds or Coupons.
19.2 The Paying Agents and Registrar shall have no duty or responsibility in case of any default by the Issuer or the CBC in the performance of its obligations under the Conditions or, in the case of receipt of any written demand from a Covered Bondholder, with respect to such default, except that upon receipt by a Paying Agent or the Registrar of a notice given by a Covered Bondholder such Paying Agent will as soon as reasonably possible notify the Issuer, the CBC and the Security Trustee thereof.
19.3 Whenever in the performance of its duties under this Agreement a Paying Agent or the Registrar shall deem it desirable that any matter be established by the Issuer, the CBC or the Security 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 and/or the CBC and/or the Security Trustee and delivered to the Paying Agent or the Registrar (as the case may be) and the certificate shall be a full authorisation to the Paying Agent or the Registrar (as the case may be) for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon the certificate.
