Common use of TERMINATION BY HML Clause in Contracts

TERMINATION BY HML. 13.1 Without prejudice to Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice), HML may at any time prior to assuming the duties and obligations of the Administrator pursuant to Clause 2 (Appointment of Substitute Administrator) by serving notice in writing to the Issuer (with a copy to the Substitute Administrator Facilitator and the Trustee), terminate this Agreement (and HML shall be released from all obligations under this Agreement) if: 13.1.1 the Issuer fails to make any payment due to HML hereunder on the due date for payment thereof or within 20 Business Days thereafter; 13.1.2 any amendment, addition or modification is made without HML's consent (such consent not to be unreasonably withheld or delayed) to the Relevant Documents which, in the reasonable opinion of HML, is materially prejudicial to HML without an appropriate increase in its fees being agreed by HML; 13.1.3 provided that it has fully complied with its obligations under Clause 4 (Covenants of Substitute Administrator), HML no longer holds the authorisations required for it lawfully to carry out all the obligations of the Administrator contemplated by the Administration Agreement and/or this Agreement, including any FSMA authorisations and any authorisations under the Consumer Credit Act, and for the avoidance of doubt HML shall not be obliged to continue in its role as substitute, if it has been appointed pursuant to Clause 2 (Appointment of Substitute Administrator), if it no longer holds such authorisations; or 13.1.4 the Administrators fail to provide: (a) any information set out in Clauses 3.2, 3.3 and 9.1 and such failure is not remedied within 15 Business Days of the date on which such information is required to be delivered or requested under this Agreement; (b) any access required as set out in Clause 9.1; and (c) any co-operation required as set out in Clauses 3.2, 3.3, 3.4, 8.1 and 9.1. 13.2 This Agreement will also terminate with immediate effect, and without any requirement that notice be given, on any date on which the Secured Amounts are repaid or paid in full. 13.3 Termination of this Agreement shall be without prejudice to HML's existing rights.

TERMINATION BY HML. ‌ 13.1 Without prejudice to Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice), HML may at any time prior to assuming the duties and obligations of the Administrator pursuant to Clause 2 (Appointment of Substitute Administrator) by serving notice in writing to the Issuer (with a copy to the Substitute Administrator Facilitator and the Trustee), terminate this Agreement (and HML shall be released from all obligations under this Agreement) if: 13.1.1 the Issuer fails to make any payment due to HML hereunder on the due date for payment thereof or within 20 Business Days thereafter; 13.1.2 any amendment, addition or modification is made without HML's consent (such consent not to be unreasonably withheld or delayed) to the Relevant Documents which, in the reasonable opinion of HML, is materially prejudicial to HML without an appropriate increase in its fees being agreed by HML;HML;‌ 13.1.3 provided that it has fully complied with its obligations under Clause 4 (Covenants of Substitute Administrator), HML no longer holds the authorisations required for it lawfully to carry out all the obligations of the Administrator contemplated by the Administration Agreement and/or this Agreement, including any FSMA authorisations and any authorisations under the Consumer Credit Act, and for the avoidance of doubt HML shall not be obliged to continue in its role as substitute, if it has been appointed pursuant to Clause 2 (Appointment of Substitute Administrator), if it no longer holds such authorisations; or 13.1.4 the Administrators fail to provide: (a) any information set out in Clauses 3.2, 3.3 and 9.1 9 and such failure is not remedied within 15 Business Days of the date on which such information is required to be delivered or requested under this Agreement; (b) any access required as set out in Clause 9.19; and (c) any co-operation required as set out in Clauses 3.2, 3.3, 3.4, 8.1 and 9.19. 13.2 This Agreement will also terminate with immediate effect, and without any requirement that notice be given, on any date on which the Secured Amounts are repaid or paid in full. 13.3 Termination of this Agreement shall be without prejudice to HML's existing rights.

TERMINATION BY HML. ‌ 13.1 Without prejudice to Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice), HML may at any time prior to assuming the duties and obligations of the Administrator pursuant to Clause 2 (Appointment of Substitute Administrator) by serving notice in writing to the Issuer (with a copy to the Substitute Administrator Facilitator and the Trustee), terminate this Agreement (and HML shall be released from all obligations under this Agreement) if: 13.1.1 the Issuer fails to make any payment due to HML hereunder on the due date for payment thereof or within 20 Business Days thereafter; 13.1.2 any amendment, addition or modification is made without HML's consent (such consent not to be unreasonably withheld or delayed) to the Relevant Documents which, in the reasonable opinion of HML, is materially prejudicial to HML without an appropriate increase in its fees being agreed by HML;HML;‌ 13.1.3 provided that it has fully complied with its obligations under Clause 4 (Covenants of Substitute Administrator), HML no longer holds the authorisations required for it lawfully to carry out all the obligations of the Administrator contemplated by the Administration Agreement and/or this Agreement, including any FSMA authorisations and any authorisations under the Consumer Credit Act, and for the avoidance of doubt HML shall not be obliged to continue in its role as substitute, if it has been appointed pursuant to Clause 2 (Appointment of Substitute Administrator), if it no longer holds such authorisations; or 13.1.4 the Administrators fail to provide: (a) any information set out in Clauses 3.2, 3.3 and 9.1 9 (Obligations of the Administrator) and such failure is not remedied within 15 Business Days of the date on which such information is required to be delivered or requested under this Agreement; (b) any access required as set out in Clause 9.19 (Obligations of the Administrator); and (c) any co-operation required as set out in Clauses 3.2, 3.3, 3.4, 8.1 and 9.19 (Obligations of the Administrator). 13.2 This Agreement will also terminate with immediate effect, and without any requirement that notice be given, on any date on which the Secured Amounts are repaid or paid in full. 13.3 Termination of this Agreement shall be without prejudice to HML's existing rights.

TERMINATION BY HML. ‌ 13.1 Without prejudice to Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice), HML may at any time prior to assuming the duties and obligations of the Administrator pursuant to Clause 2 (Appointment of Substitute Administrator) by serving notice in writing to the Issuer (with a copy to the Substitute Administrator Facilitator and the Trustee), terminate this Agreement (and HML shall be released from all obligations under this Agreement) if: 13.1.1 the Issuer fails to make any payment due to HML hereunder on the due date for payment thereof or within 20 Business Days thereafter; 13.1.2 any amendment, addition or modification is made without HML's consent (such consent not to be unreasonably withheld or delayed) to the Relevant Documents which, in the reasonable opinion of HML, is materially prejudicial to HML without an appropriate increase in its fees being agreed by HML;HML;‌ 13.1.3 provided that it has fully complied with its obligations under Clause 4 (Covenants of Substitute Administrator), HML no longer holds the authorisations required for it lawfully to carry out all the obligations of the Administrator contemplated by the Administration Agreement and/or this Agreement, including any FSMA authorisations and any authorisations under the Consumer Credit Act, and for the avoidance of doubt HML shall not be obliged to continue in its role as substitute, if it has been appointed pursuant to Clause 2 (Appointment of Substitute Administrator), if it no longer holds such authorisations; or 13.1.4 the Administrators fail Administrator fails to provide: (a) any information set out in Clauses 3.2, 3.3 and 9.1 and such failure is not remedied within 15 Business Days of the date on which such information is required to be delivered or requested under this Agreement; (b) any access required as set out in Clause 9.1; and (c) any co-operation required as set out in Clauses 3.2, 3.3, 3.4, 8.1 and 9.1. 13.2 This Agreement will also terminate with immediate effect, and without any requirement that notice be given, on any date on which the Secured Amounts are repaid or paid in full. 13.3 Termination of this Agreement shall be without prejudice to HML's existing rights.

TERMINATION BY HML. ‌ 13.1 Without prejudice to Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice), HML may at any time prior to assuming the duties and obligations of the Administrator pursuant to Clause 2 (Appointment of Substitute Administrator) by serving notice in writing to the Issuer (with a copy to the Substitute Administrator Facilitator and the Trustee), terminate this Agreement (and HML shall be released from all obligations under this Agreement) if: 13.1.1 the Issuer fails to make any payment due to HML hereunder on the due date for payment thereof or within 20 Business Days thereafter; 13.1.2 any amendment, addition or modification is made without HML's consent (such consent not to be unreasonably withheld or delayed) to the Relevant Documents which, in the reasonable opinion of HML, is materially prejudicial to HML without an appropriate increase in its fees being agreed by HML;HML;‌ 13.1.3 provided that it has fully complied with its obligations under Clause 4 (Covenants of Substitute Administrator), HML no longer holds the authorisations required for it lawfully to carry out all the obligations of the Administrator contemplated by the Administration Agreement and/or this Agreement, including any FSMA authorisations and any authorisations under the Consumer Credit Act, and for the avoidance of doubt HML shall not be obliged to continue in its role as substitute, if it has been appointed pursuant to Clause 2 (Appointment of Substitute Administrator), if it no longer holds such authorisations; or 13.1.4 the Administrators fail to provide: (a) any information set out in Clauses 3.2, 3.3 and 9.1 and such failure is not remedied within 15 Business Days of the date on which such information is required to be delivered or requested under this Agreement; (b) any access required as set out in Clause 9.1; and (c) any co-operation required as set out in Clauses 3.2, 3.3, 3.4, 8.1 and 9.1. 13.2 This Agreement will also terminate with immediate effect, and without any requirement that notice be given, on any date on which the Secured Amounts are repaid or paid in full. 13.3 Termination of this Agreement shall be without prejudice to HML's existing rights.

TERMINATION BY HML. 13.1 Without prejudice to Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice), HML may at any time prior to assuming the duties and obligations of the Administrator pursuant to Clause 2 (Appointment of Substitute Administrator) by serving notice in writing to the Issuer (with a copy to the Substitute Administrator Facilitator and the Trustee), terminate this Agreement (and HML shall be released from all obligations under this Agreement) if: 13.1.1 the Issuer fails to make any payment due to HML hereunder on the due date for payment thereof or within 20 Business Days thereafter; 13.1.2 any amendment, addition or modification is made without HML's consent (such consent not to be unreasonably withheld or delayed) to the Relevant Documents which, in the reasonable opinion of HML, is materially prejudicial to HML without an appropriate increase in its fees being agreed by HML; 13.1.3 provided that it has fully complied with its obligations under Clause 4 (Covenants of Substitute Administrator), HML no longer holds the authorisations required for it lawfully to carry out all the obligations of the Administrator contemplated by the Administration Agreement and/or this Agreement, including any FSMA authorisations and any authorisations under the Consumer Credit Act, and for the avoidance of doubt HML shall not be obliged to continue in its role as substitute, if it has been appointed pursuant to Clause 2 (Appointment of Substitute Administrator), if it no longer holds such authorisations; or 13.1.4 the Administrators fail Administrator fails to provide: (a) any information set out in Clauses 3.2, 3.3 and 9.1 and such failure is not remedied within 15 Business Days of the date on which such information is required to be delivered or requested under this Agreement; (b) any access required as set out in Clause 9.1; and (c) any co-operation required as set out in Clauses 3.2, 3.3, 3.4, 8.1 and 9.1. 13.2 This Agreement will also terminate with immediate effect, and without any requirement that notice be given, on any date on which the Secured Amounts are repaid or paid in full. 13.3 Termination of this Agreement shall be without prejudice to HML's existing rights.

TERMINATION BY HML. 13.1 Without prejudice to Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice), HML may at any time prior to assuming the duties and obligations of the Administrator pursuant to Clause 2 (Appointment of Substitute Administrator) by serving notice in writing to the Issuer (with a copy to the Substitute Administrator Facilitator and the Trustee), terminate this Agreement (and HML shall be released from all obligations under this Agreement) if: 13.1.1 the Issuer fails to make any payment due to HML hereunder on the due date for payment thereof or within 20 Business Days thereafter; 13.1.2 any amendment, addition or modification is made without HML's consent (such consent not to be unreasonably withheld or delayed) to the Relevant Documents which, in the reasonable opinion of HML, is materially prejudicial to HML without an appropriate increase in its fees being agreed by HML; 13.1.3 provided that it has fully complied with its obligations under Clause 4 (Covenants of Substitute Administrator), HML no longer holds the authorisations required for it lawfully to carry out all the obligations of the Administrator contemplated by the Administration Agreement and/or this Agreement, including any FSMA authorisations and any authorisations under the Consumer Credit Act, and for the avoidance of doubt HML shall not be obliged to continue in its role as substitute, if it has been appointed pursuant to Clause 2 (Appointment of Substitute Administrator), if it no longer holds such authorisations; or 13.1.4 the Administrators fail Administrator fails to provide: (a) any information set out in Clauses 3.2, 3.3 and 9.1 and such failure is not remedied within 15 Business Days of the date on which such information is required to be delivered or requested under this Agreement; (b) any access required as set out in Clause 9.1; and (c) any co-operation required as set out in Clauses 3.2, 3.3, 3.4, 8.1 and 9.1. 13.2 This Agreement will also terminate with immediate effect, and without any requirement that notice be given, on any date on which the Secured Amounts are repaid or paid in full. 13.3 Termination of this Agreement shall be without prejudice to HML's existing rights.