Common use of Agents of the Issuer Clause in Contracts

Agents of the Issuer. In acting under the Agency Agreement, the Agents act solely as agents of the Issuer and the LLP and, in certain circumstances specified therein, of the Bond Trustee and do not assume any obligation to, or relationship of agency or trust with, any holders of N Covered Bonds. The Agency Agreement contains provisions permitting any entity into which any Agent is merged or converted or with which it is consolidated or to which it transfers all or substantially all of its assets to become the successor agent.

Agents of the Issuer. In acting under the Agency AgreementAgreement and in connection with the Certificates, the Agents act solely as agents of the Issuer and (to the LLP and, in certain circumstances specified extent provided therein, of ) and the Bond Trustee Representative and do not assume any obligation to, obligations towards or relationship of agency or trust with, any holders of N Covered Bonds. The Agency Agreement contains provisions permitting any entity into which any Agent is merged or converted for or with which it is consolidated any of the Certificateholders or to which it transfers all or substantially all of its assets to become any other party under the successor agentTransaction Documents.