Examples of Replacement Selling Agent in a sentence
At any time at which the Event of Default under the Swap Agreement is continuing (having taken into account any applicable grace period) the Selling Agent (provided it is a Replacement Selling Agent) may instruct the Issuer (with a copy to the Trustee) to terminate the Swap Agreement.
Upon the occurrence of a Selling Agent Default, a Calculation Agent Default and/or an Agent Bank Default in respect of the Selling Agent, the Calculation Agent or the Agent Bank, as the case may be, the Issuer may appoint a Replacement Selling Agent, a Replacement Calculation Agent and/or a Replacement Agent Bank, as the case may be, pursuant to Condition 17 (Appointment of Replacement Selling Agent, Replacement Calculation Agent and Replacement Agent Bank).
Notwithstanding anything contained herein, the Company shall, upon written instructions from the Holder to be delivered to the Company within ninety (90) calendar days following the date of the issuance of this Replacement Selling Agent Warrant, transfer all or a portion of this Warrant to officers, directors, employees and other associated persons of the Holder and other registered dealers, agents and finders (collectively, “Permitted Designees”).
Upon the occurrence of a Selling Agent Default, a Calculation Agent Default and/or an Agent Bank Default in respect of the Selling Agent, the Calculation Agent or the Agent Bank, as the case may be, the Issuer may appoint a Replacement Selling Agent, a Replacement Calculation Agent and/or a Replacement Agent Bank, as the case may be, pursuant to Condition 18 (Appointment of Replacement Selling Agent, Replacement Calculation Agent and Replacement Agent Bank).
In addition, the Issuer is required to appoint a Replacement Selling Agent upon the credit rating downgrade of the Bank as the initial Selling Agent.
In the event that Selling Agent ceases to maintain or possess an Eligible Credit Rating (as defined below) and the Issuer fails to appoint a Replacement Selling Agent in accordance with the terms of the Selling Agency Agreement, the ability of the Issuer to (through its agents) arrange the liquidation of any RMBS Issuer Assets (the “Realisation Assets”) will be affected.
Notwithstanding anything contained herein, the Company shall, upon written instructions from the Holder to be delivered to the Company within ninety (90) calendar days following the date of the issuance of the Replacement Selling Agent Warrant, transfer all or a portion of this Warrant to officers, directors, employees and other associated persons of the Holder and other registered dealers, agents and finders (collectively, “Permitted Designees”).
Upon the occurrence of a Selling Agent Default, a Calculation Agent Default and/or an Agent Bank Default in respect of the Selling Agent, the Calculation Agent or the Agent Bank, as the case may be, the Issuer may appoint a Replacement Selling Agent, aReplacement Calculation Agent and/or a Replacement Agent Bank, as the case may be, pursuant to Condition 18 (Appointment of Replacement Selling Agent, Replacement Calculation Agent and Replacement Agent Bank).
Replacement Selling Agent means a replacement Selling Agent appointed by the Issuer or the Trustee in accordance with Condition 14.4 (Appointment of Replacement Selling Agent or Replacement Calculation Agent) and the provisions of the Agency Agreement.
Replacement Calculation Agent means a replacement Calculation Agent appointed by the Issuer or the Trustee in accordance with Condition 14.4 (Appointment of Replacement Selling Agent or Replacement Calculation Agent) and the provisions of the Agency Agreement.