Common use of Xxxx up or xxxx down Clause in Contracts

Xxxx up or xxxx down. If any event occurs that requires a xxxx up or xxxx down of the records which an ICSD holds for its customers to reflect such customers' interest in the Notes, the Principal Paying Agent or the Registrar will (to the extent known to it) promptly provide details of the amount of such xxxx up or xxxx down, together with a description of the event that requires it, to the ICSDs (through the Common Service Provider) to ensure (i) that the IOA of any NGN Temporary Global Notes or NGN Permanent Global Notes, as set out in the records of Euroclear and Clearstream, Luxembourg, or (ii) the IOA of any Global Registered Note held under the NSS, as reflected in the records of Euroclear and Clearstream, Luxembourg remains at all times accurate.

Appears in 2 contracts

Samples: Issue and Paying Agency Agreement, Issue and Paying Agency Agreement

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Xxxx up or xxxx down. If any event occurs that requires a xxxx xxxx-up or xxxx down of the records which an ICSD holds for its customers to reflect such customers' interest in the Notes, the Principal Paying Fiscal Agent or the Registrar will (to the extent known to it) promptly provide details of the amount of such xxxx up or xxxx down, together with a description of the event that requires it, to the ICSDs (through the Common Service Provider) to ensure (ia) that the IOA of any NGN Temporary Global Notes or NGN Permanent Global Notes, as set out in the records of Euroclear and Clearstream, Luxembourg, or (iib) the IOA of any Global Registered Note held under the NSS, as reflected in the records of Euroclear and Clearstream, Luxembourg remains at all times accurate.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

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Xxxx up or xxxx down. If any event occurs that requires a xxxx up or xxxx down of the records which an ICSD holds for its customers to reflect such customers' interest in the Notes, the Principal Paying Fiscal Agent or the Registrar will (to the extent known to it) promptly provide details of the amount of such xxxx up or xxxx down, together with a description of the event that requires it, to the ICSDs (through the Common Service Provider) to ensure (i) that the IOA of any NGN Temporary Global Notes or NGN Permanent Global Notes, as set out in the records of Euroclear and Clearstream, Luxembourg, or (ii) the IOA of any Global Registered Note held under the NSS, as reflected in the records of Euroclear and Clearstream, Luxembourg remains at all times accurate.

Appears in 1 contract

Samples: Ryanair Holdings PLC

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