The Issuing and Paying Agent and the Registrar each agrees with the Issuer and Guarantor that, to the extent that it is notified in writing by each Relevant Dealer that the distribution of the Covered Bonds of any Tranche is complete, it will notify the Issuer, Guarantor, and the other Relevant Dealers of the completion of distribution of the Covered Bonds of any Tranche which are sold to or through more than one Dealer.
The Issuing and Paying Agent. (failing which, the Issuer, and, following an Issuer Event of Default and service of a Notice to Pay on the Guarantor, the Guarantor) shall on demand make payment of the fees due to the other Agents and Calculation Agent (plus any applicable value added tax) and will reimburse their expenses (plus any applicable value added tax) promptly after receipt of the relevant moneys from the Issuer or the Guarantor, as the case may be.
The Issuing and Paying Agent the Warrant Agent, the other Paying Agents, the Calculation Agent, the Warrant Authentication Agent, the other Transfer Agents and the Custodian or any of them. Custodian HSBC Bank plc, or such other Custodian as identified in the relevant Offering Circular Supplement from time to time.
The Issuing and Paying Agent
