Use of Information Technology Systems. (a) The Cash Manager represents and warrants that at the date hereof in respect of the software which is to be used by the Cash Manager in providing the Cash Management Services it has in place all necessary licences and/or consents from the respective licensor or licensors (if any) of such software. (b) The Cash Manager undertakes that it shall for the duration of this Agreement, use reasonable efforts to: (i) ensure that the licences and/or consents referred to in paragraph (a) are maintained in full force and effect; and (ii) except in so far as it would breach any other of its legal obligations, grant to any person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor elects as a substitute Cash Manager (the “Substitute Cash Manager”) in accordance with the terms of this Agreement a licence to use any proprietary software together with any updates which may be made thereto from time to time. (c) The Cash Manager shall use reasonable efforts to maintain in working order the information technology systems used by the Cash Manager in providing the Cash Management Services. (d) The Cash Manager shall pass to any person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor and the Bond Trustee elect as a Substitute Cash Manager in accordance with the terms of this Agreement the benefit of any warranties in relation to the software insofar as the same are capable of assignment.
Appears in 7 contracts
Samples: Cash Management Agreement, Cash Management Agreement, Cash Management Agreement
Use of Information Technology Systems. (a) The Cash Manager represents and warrants that at the date hereof in respect of the software which is to be used by the Cash Manager in providing the Cash Management Services it has in place all necessary licences and/or consents from the respective licensor or licensors (if any) of such software.
(b) The Cash Manager undertakes that it shall for the duration of this Agreement, use reasonable efforts endeavours to:
(i) ensure that the licences and/or consents referred to in paragraph (a) are maintained in full force and effect; and
(ii) except in so far insofar as it would breach any other of its legal obligations, grant to any person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor elects Mortgages Trustee, Funding and the Security Trustee elect as a substitute Cash Manager (the “Substitute Cash Manager”) cash manager in accordance with the terms of this Agreement a licence to use any proprietary software together with any updates which may be made thereto from time to time.
(c) The Cash Manager shall use reasonable efforts endeavours to maintain in working order the information technology systems used by the Cash Manager in providing the Cash Management Services.
(d) The Cash Manager shall pass to any person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor Mortgages Trustee, Funding and the Bond Security Trustee elect as a Substitute Cash Manager substitute cash manager in accordance with the terms of this Agreement the benefit of any warranties in relation to the software insofar as the same are capable of assignment.
Appears in 4 contracts
Samples: Cash Management Agreement (Granite Mortgages 03-1 PLC), Cash Management Agreement (Granite Mortgages 03-3 PLC), Cash Management Agreement (Granite Mortgages 04-2 PLC)
Use of Information Technology Systems. (a) The Cash Manager represents and warrants that at the date hereof in respect of the software which is to be used by the Cash Manager in providing the Cash Management Services it has in place all necessary licences and/or consents from the respective licensor or licensors (if any) of such software.
(b) The Cash Manager undertakes that it shall for the duration of this Agreement, use reasonable efforts to:
(i) ensure that the licences and/or consents referred to in paragraph (a) are maintained in full force and effect; and
(ii) except in so far as it would breach any other of its legal obligations, grant to any person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor LP elects as a substitute Cash Manager (the “Substitute Cash Manager”) in accordance with the terms of this Agreement a licence to use any proprietary software together with any updates which may be made thereto from time to time.
(c) The Cash Manager shall use reasonable efforts to maintain in working order the information technology systems used by the Cash Manager in providing the Cash Management Services.
(d) The Cash Manager shall pass to any person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor LP and the Bond Trustee elect as a Substitute Cash Manager in accordance with the terms of this Agreement the benefit of any warranties in relation to the software insofar as the same are capable of assignment.
Appears in 3 contracts
Samples: Cash Management Agreement, Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership), Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership)
Use of Information Technology Systems. (a) The Cash Manager represents and warrants that at the date hereof in respect of the software which is to be used by the Cash Manager in providing the Cash Management Services it has in place all necessary licences and/or consents from the respective licensor or licensors (if any) of such software.
(b) The Cash Manager undertakes that it shall for the duration of this Agreement, use reasonable efforts to:
(i) ensure that the licences and/or consents referred to in paragraph (a) are maintained in full force and effect; and
(ii) except in so far as it would breach any other of its legal obligations, grant to any person to whom it may sub-contract sub‑contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor LP elects as a substitute Cash Manager (the “Substitute Cash Manager”) in accordance with the terms of this Agreement a licence to use any proprietary software together with any updates which may be made thereto from time to time.
(c) The Cash Manager shall use reasonable efforts to maintain in working order the information technology systems used by the Cash Manager in providing the Cash Management Services.
(d) The Cash Manager shall pass to any person to whom it may sub-contract sub‑contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person as the Guarantor LP and the Bond Trustee elect as a Substitute Cash Manager in accordance with the terms of this Agreement the benefit of any warranties in relation to the software insofar as the same are capable of assignment.
Appears in 1 contract
Samples: Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership)
Use of Information Technology Systems. (a) 9.1.1 The Cash Manager represents and warrants that at the date hereof in respect of the software which is to be used by the Cash Manager in providing the Cash Management Services it has in place all necessary licences and/or consents from the respective licensor or licensors (if any) of such software.
(b) 9.1.2 The Cash Manager undertakes that it shall for the duration of this Agreement, use reasonable efforts to:
(i) 9.1.2.1 ensure that the licences and/or consents referred to in paragraph (a) 9.1.1 are maintained in full force and effect; and
(ii) 9.1.2.2 except in so far as it would breach any other of its legal obligations, grant to any person Person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person Person as the Guarantor elects as a substitute Cash Manager (the “Substitute Cash Manager”) in accordance with the terms of this Agreement a licence to use any proprietary software together with any updates which may be made thereto from time to time.
(c) 9.1.3 The Cash Manager shall use reasonable efforts to maintain in working order the information technology systems used by the Cash Manager in providing the Cash Management Services.
(d) 9.1.4 The Cash Manager shall pass to any person Person to whom it may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement and/or to such person Person as the Guarantor and the Bond Trustee elect as a Substitute Cash Manager in accordance with the terms of this Agreement the benefit of any warranties in relation to the software insofar as the same are capable of assignment.
Appears in 1 contract
Samples: Cash Management Agreement