Common use of Termination of appointment of Agent or Authorised Participants Clause in Contracts

Termination of appointment of Agent or Authorised Participants. any of the Determination Agent, the Issuing and Paying Agent, the Registrar, the CREST Settlement Agent (in respect of Series of ETP Securities which are cleared through CREST), the Portfolio Administrator and/or all of the Authorised Participants in relation to the ETP Securities resign their appointment or their appointment is terminated for any reason and no successor or replacement has been appointed at the time that such resignation or termination takes effect in accordance with the applicable Programme Document, and the Issuer gives notice (an "Agent Redemption Event Notice") to the Programme Parties and the ETP Securityholders in accordance with Condition 17. For the purposes of Condition 8.7, a Mandatory Redemption Date will occur on the fifth Exchange Business Day after the date of the Agent Redemption Event Notice;