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SUBSTITUTION. (a) Substitution of Issuer. The Issuer may at any time without the consent of the Holders substitute for itself as issuer of the Securities with regard to any and all rights, obligations and liabilities under and in connection with the Securities: (i) any entity which (i) acquires all or substantially all of the undertaking and/or assets of the Issuer or (ii) acquires the beneficial ownership of the whole of the issued voting stock and/or share capital of the Issuer or (iii) into which the Issuer is amalgamated, merged or reconstructed and where the Issuer is not the continuing company (such entity, a “Successor in Business” or the “Substitute”) subject to the Issuer having given at least 30 days prior notice of the date of such substitution to the Holders in accordance with General Condition 4; or (ii) the holding company of the Issuer (the holding company currently being The Royal Bank of Scotland Group plc, company number SC045551) (the “Holding Company” or the “Substitute”) subject to the Issuer having given at least 30 days’ prior notice of the date of such substitution to the Holders in accordance with General Condition 4; or (iii) any entity other than a Successor in Business or the Holding Company (also, the “Substitute”), subject to the Issuer having given at least 30 days' prior notice of the date of such substitution to the Holders in accordance with General Condition 4; and the Issuer having issued a legal, valid and binding guarantee of the obligations and liabilities of the Substitute under the Securities for the benefit of each and any of the Holders, and in each case subject to all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) to ensure that the Securities represent legal, valid and binding obligations of the Substitute having been taken, fulfilled and done and being in full force and effect. In the event of any substitution of the Issuer, any reference in the Conditions to the Issuer shall from such time be construed as a reference to the Substitute. (b) Substitution of Office. The Issuer shall have the right upon notice to the Holders in accordance with General Condition 4 to change the office through which it is acting and shall specify the date of such change in such notice.
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SUBSTITUTION. Substitution of Issuer. The Issuer may at any time, without the consent of the Holders substitute for itself as principal obligor under the Securities any company (the “Substitute”), being any subsidiary or affiliate of the Issuer, subject to: (i) the obligation of the Substitute under the Securities being guaranteed by ABN AMRO Holding N.V. (“Holding”) (unless Holding is the Substitute); (ii) all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) to ensure that the Securities represent legal, valid and binding obligations of the Substitute having been taken, fulfilled and done and being in full force and effect; and (iii) the Issuer having given at least 30 days’ prior notice of the date of such substitution to the Holders in accordance with General Condition
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SUBSTITUTION. (a) Substitution of Issuer. The Issuer may at any time without the consent of the Holders substitute for itself as issuer of the Securities with regard to any and all rights, obligations and liabilities under and in connection with the Securities: (i) any entity which (i) acquires all or substantially all of the undertaking and/or assets of the Issuer or (ii) acquires the beneficial ownership of the whole of the issued voting stock and/or share capital of the Issuer or (iii) into which the Issuer is amalgamated, merged or reconstructed and where the Issuer is not the continuing company (such entity, a “Successor in Business” or the “Substitute”) subject to the Issuer having given at least 30 days prior notice of the date of such substitution to the Holders in accordance with General Condition 4; or (ii) the holding company (if any) of the Issuer (or otherwise the ultimate holding company for the time being of the Issuer if any) (the “Holding Company” or the “Substitute”) or a subsidiary of the Issuer (a “Subsidiary Company” or the “Substitute”) subject to the Issuer having given at least 30 days’ prior notice of the date of such substitution to the Holders in accordance with General Condition 4; or (iii) any entity other than a Successor in Business, the Holding Company or a Subsidiary Company (also, the “Substitute”), subject to the Issuer having given at least 30 days' prior notice of the date of such substitution to the Holders in accordance with General Condition 4; and the Issuer having issued a legal, valid and binding guarantee of the obligations and liabilities of the Substitute under the Securities for the benefit of each and any of the Holders, and in each case subject to all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) to ensure that the Securities represent legal, valid and binding obligations of the Substitute having been taken, fulfilled and done and being in full force and effect. In the event of any substitution of the Issuer, any reference in the Conditions to the Issuer shall from such time be construed as a reference to the Substitute. (b) Substitution of Office. The Issuer shall have the right upon notice to the Holders in accordance with General Condition 4 to change the office through which it is acting and shall specify the date of such change in such notice.
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SUBSTITUTION. The Issuer and/or the Guarantor may, without the consent of the Holders, if it is not in default with any payment of principal of any of the Certificates, at any time substitute for the Issuer either itself or any Affiliate (as defined below) of the Issuer as principal debtor (the Substitute Debtor) in respect of all obligations arising from or in connection with the Certificates with the effect of releasing the Issuer of all such obligations, provided that: (i) the Substitute Debtor assumes all obligations of the Issuer in respect of the Certificates and, if service of process vis-à-vis the Substitute Debtor would have to be effected outside the Federal Republic of Germany, appoints a process agent within the Federal Republic of Germany; (ii) the Substitute Debtor has obtained all necessary authorisations and approvals for the substitution and the fulfilment of the obligations in respect of the Certificates and may transfer to the Agent in the currency required hereunder and without being obligated to deduct or withhold any taxes or other duties of whatever nature levied by the country in which the Substitute Debtor or the Issuer has its domicile or tax residence, all amounts required for the fulfilment of the payment obligations arising under the Certificates; (iii) the Substitute ▇▇▇▇▇▇ has agreed to indemnify and hold harmless each Holder against any tax, duty, assessment or governmental charge imposed on such Holder in respect of such substitution; (iv) the Issuer and/or the Guarantor (except in the case that the Guarantor itself is the Substitute Debtor) irrevocably and unconditionally guarantees, and in the case of Italian Listed Certificates, as evidenced by the declaration of the Issuer filed at the time of the application to the Borsa Italiana S.p.A. and/or the other regulated or unregulated markets with similar listing requirements in favour of each Holder the payment of all sums payable by the Substitute Debtor in respect of the Certificates on terms which ensure that each Holder will be put in an economic position that is at least as favourable as that which would have existed if the substitution had not taken place. For the purposes of this Condition 11: Affiliate shall mean any affiliated company (verbundenes Unternehmen) within the meaning of § 15 German Stock Corporation Act (Aktiengesetz).
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SUBSTITUTION. (a) Substitution of Issuer. The Issuer may at any time, without the consent of the Holders substitute for itself as principal obligor under the Securities any company (the “Substitute”), being any subsidiary or affiliate of the Issuer, subject to: (i) the obligation of the Substitute under the Securities being guaranteed by ABN AMRO Holding N.V. (“Holding”) (unless Holding is the Substitute); (ii) all actions, conditions and things required to be taken, fulfilled and done (including the obtaining of any necessary consents) to ensure that the Securities represent legal, valid and binding obligations of the Substitute having been taken, fulfilled and done and being in full force and effect; and (iii) the Issuer having given at least 30 days’ prior notice of the date of such substitution to the Holders in accordance with General Condition 4. In the event of any substitution of the Issuer, any reference in the Conditions to the Issuer shall from such time be construed as a reference to the Substitute. (b) Substitution of Office. The Issuer shall have the right upon notice to the Holders in accordance with General Condition 4 to change the office through which it is acting and shall specify the date of such change in such notice.
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SUBSTITUTION. The Issuer and/or the Guarantor may, without the consent of the Holders, if it is not in default with any payment of principal of any of the Certificates, at any time substitute for the Issuer either itself or any Affiliate (as defined below) of the Issuer as principal debtor (the Substitute Debtor) in respect of all obligations arising from or in connection with the Certificates with the effect of releasing the Issuer of all such obligations, provided that:
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Related to SUBSTITUTION

  • Recesso in caso di sinistro Dopo ogni sinistro e fino al 60° giorno dal pagamento o rifiuto dell’indennizzo, la Società o il Contraente possono recedere dall’assicurazione con preavviso di 90 giorni mediante lettera raccomandata o PEC. In tale caso, la Società, entro 15 giorni dalla data di efficacia del recesso, rimborsa la parte di premio netto relativa al periodo di rischio non corso. Qualora la Società si avvalesse di tale facoltà, la stessa dovrà produrre, pena l’invalidità del recesso stesso, anche il dettaglio dei sinistri con le modalità stabilite al successivo Art. 1.16 - Obbligo di fornire i dati dell’andamento del rischio. Non è ammesso il recesso della Società dalla garanzia di singoli rischi o parti dell’assicurazione, salvo esplicita accettazione da parte dell’Assicurato e conseguente riduzione del premio.

  • Recesso ▇▇.▇▇.▇▇. S.p.A. ha diritto di recedere unilateralmente dal presente Accordo Quadro, in tutto o in parte, in qualsiasi momento, senza preavviso, nei casi di: a. giusta causa, b. reiterati inadempimenti del Fornitore, anche se non gravi, c. mutamenti di carattere organizzativo. Si conviene che ricorre giusta causa, a titolo meramente esemplificativo e non esaustivo: - qualora sia stato depositato contro il Fornitore un ricorso ai sensi della legge fallimentare o di altra legge applicabile in materia di procedure concorsuali, che proponga lo scioglimento, la liquidazione, la composizione amichevole, la ristrutturazione dell’indebitamento o il concordato con i creditori, ovvero nel caso in cui venga designato un liquidatore, curatore, custode o soggetto avente simili funzioni, il quale entri in possesso dei beni o venga incaricato della gestione degli affari del Fornitore; - in ogni altra fattispecie che faccia venire meno il rapporto di fiducia sottostante il presente Accordo Quadro In tali casi di giusta causa, il Fornitore ha diritto al pagamento da parte dell’Amministrazione delle prestazioni eseguite relative ai singoli Contratti, purché correttamente ed a regola d’arte, secondo il corrispettivo e le condizioni previste nell’Accordo Quadro e nei Contratti, rinunciando espressamente, ora per allora, a qualsiasi ulteriore eventuale pretesa, anche di natura risarcitoria, ed a ogni ulteriore compenso e/o indennizzo e/o rimborso, anche in deroga a quanto previsto dall’articolo 1671 cod. civ.. ▇▇.▇▇.▇▇. S.p.A. e/o l’Amministrazione potranno recedere in qualunque tempo rispettivamente dall’Accordo Quadro e da ciascun singolo Contratto, in tutto o in parte, ai sensi dell’art. 109, comma 1 del Codice previo il pagamento delle prestazioni relative ai servizi e alle forniture eseguiti nonché del valore dei materiali utili esistenti in magazzino nel caso di servizi o forniture, oltre al decimo dell'importo delle opere, dei servizi o delle forniture non eseguite, calcolato sulla differenza tra l'importo dei quattro quinti del prezzo posto a base di gara, depurato del ribasso d'asta e l'ammontare netto dei lavori, servizi o forniture eseguiti. L'esercizio del diritto di recesso è preceduto da una formale comunicazione all'appaltatore da darsi con un preavviso non inferiore a venti giorni, decorsi i quali, l’Amministrazione Contraente prende in consegna i servizi o forniture ed effettua il collaudo definitivo e verifica la regolarità dei servizi e delle forniture. In ogni caso di recesso, il Fornitore si impegna a porre in essere ogni attività necessaria per assicurare la continuità del servizio e/o della fornitura in favore delle Amministrazioni. Il recesso dal presente Accordo Quadro è causa ostativa all’emissione dei singoli Contratti ed è causa di recesso dai singoli Contratti stessi, salvo che non sia diversamente stabilito nei medesimi, fatto salvo, in ogni caso, quanto espressamente disposto al precedente comma in ordine a risarcimenti, compensi, indennizzi e/o rimborsi. In ogni caso si applicano le disposizioni di cui agli articoli 88, comma 4-ter e 92, comma 4, del decreto legislativo 6 settembre 2011, n. 159.

  • Recesso unilaterale 1. L’IZSVe si riserva la facoltà di recedere dal presente accordo, prima della naturale scadenza, nel caso entrino in vigore nuove disposizioni a livello nazionale o regionale, che intervengano a modificare l’attuale disciplina in materia di prestazioni a pagamento. In tal caso l’IZSVe darà comunicazione al Cliente delle data e delle modalità di cessazione dell’esecuzione della prestazione, nonché delle diverse condizioni per l’eventuale stipula di un nuovo accordo. 2. Ciascuna Parte, inoltre, potrà recedere unilateralmente dal presente accordo, in qualsiasi momento, con preavviso minimo di 30 (trenta) giorni decorrenti dalla ricezione della comunicazione scritta a mezzo PEC o raccomandata con ricevuta di ritorno. Dette comunicazioni dovranno avvenire con le modalità previste al successivo art. 18 “Modifiche e comunicazioni”. 3. Il recesso non avrà effetto per le prestazioni già eseguite o in corso di esecuzione.

  • OBBLIGHI DELL’ASSICURATO IN CASO DI SINISTRO In caso di sinistro, l’Assicurato deve darne avviso scritto all’Intermediario al quale è assegnata la polizza oppure all’Impresa, entro tre giorni da quando ne ha avuto conoscenza. L’inadempimento di tale obbligo può comportare la perdita totale o parziale del diritto all’indennizzo (Art.1915 del Codice Civile).

  • Indennità in caso di morte 1. In caso di morte del dirigente, l'azienda corrisponderà agli aventi diritto, oltre all'indennità sostitutiva del preavviso, il trattamento di fine rapporto di cui all'art. 24. Ciò, indipendentemente da quanto possa loro spettare a titolo integrativo per fondo di previdenza, per coperture assicurative e per ogni altra causa.