Common use of AGENTS, AMENDMENTS, CALCULATION AGENT AND CALCULATIONS Clause in Contracts

AGENTS, AMENDMENTS, CALCULATION AGENT AND CALCULATIONS. 12.1 Changes in Agents The Issuers reserve the right at any time (and in relation to all Securities or, as the case may be, the Securities of a given Series or Tranche) to vary or terminate the appointment of the Programme Agent, the Registrar and the Calculation Agent and to appoint other or additional Programme Agents, Registrars and/or Calculation Agents, provided that in relation to Securities listed on the official list of the FSA and admitted to trading on the London Stock Exchange's regulated market for listed securities (or any other stock exchange), there will always be a Programme Agent with a specified office in London (or in such other place as is required by such other stock exchange), so long as such Securities are so listed, and provided that (in relation to all Securities) there will always be a Programme Agent, a Registrar and a Calculation Agent. Notice of any variation or termination of appointment and of any changes in the specified office of any Programme Agent, Registrar and Calculation Agent will be given to the Holders in accordance with the procedures set out in Condition 14. In acting under the Programme Agreement, the Programme Agent, the Registrar and the Calculation Agent are acting solely as agents of the Issuers and do not assume any obligations or duty to, or any relationship of agency or trust for or with, the Holders.

Appears in 9 contracts

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