Common use of AGENTS TO ACT FOR NOTE TRUSTEE Clause in Contracts

AGENTS TO ACT FOR NOTE TRUSTEE. If an Enforcement Notice is served on the Issuer, unless the Note Trustee has determined otherwise in accordance with clause 24 (Waiver, Authorisation and Determination) of the Trust Deed, the Agents shall, if so required by notice in writing given by the Note Trustee to the Agents (or such of them as are specified by the Note Trustee): (a) act thereafter, until otherwise instructed by the Note Trustee, as the agents of the Note Trustee under the terms of the Trust Deed, in relation to payments and calculations to be made by or on behalf of the Note Trustee, (save that the Note Trustee's liability under any provisions thereof for indemnification, remuneration and/or payment of out of pocket expenses of the Paying Agents, the Registrar or the Agent Bank shall be limited to the amounts for the time being held by the Note Trustee on the trusts of the Trust Deed and available to the Note Trustee for such purpose) and: (i) in the case of the Paying Agents, hold all Notes, Certificates and all sums, documents and records held by them in respect of the Notes and the Certificates on behalf of the Note Trustee; and (ii) in the case of the Agent Bank, hold all documents and records held by it in respect of the Notes and the Certificates on behalf of the Note Trustee; and/or (b) deliver up all Notes, Certificates and all sums, documents and records held by them in respect of the Notes and the Certificates, to the Note Trustee or as the Note Trustee shall direct in such notice, provided that such notice shall be deemed not to apply to any document or record which any of the Agents is obliged not to release by any law or regulation.

AGENTS TO ACT FOR NOTE TRUSTEE. If an Enforcement Notice is served on the Issuer, unless the Note Trustee has determined otherwise in accordance with clause 24 (Waiver, Authorisation and Determination) of the Trust Deed, the Agents shall, if so required by notice in writing given by the Note Trustee to the Agents (or such of them as are specified by the Note and/or Security Trustee): (a) act thereafter, until otherwise instructed by the Note Trustee and/or Security Trustee, as the agents of the Note Trustee under the terms of the Trust DeedDeed and/or the Security Trustee under the terms of the Deed of Charge as applicable, in relation to payments and calculations to be made by or on behalf of the Note Trustee, Trustee and/or Security Trustee (save that the Note Trustee's and the Security Trustee's liability under any provisions thereof for indemnification, remuneration and/or and payment of out of out-of-pocket expenses of the Paying Agents, the Registrar Agents or the Agent Bank shall be limited to the amounts for the time being held by the Note Trustee on the trusts of the Trust Deed and/or the Security Trustee on the trusts of the Deed of Charge and available to the Note Trustee and/or the Security Trustee, as applicable, for such purpose) and:and thereafter to hold all Notes and all sums, documents and records held by them in respect of Notes on behalf of the Note Trustee; and/or (ib) in the case of the Paying Agents, hold deliver up all Notes, Certificates Notes and all sums, documents and records held by them in respect of the Notes and the Certificates on behalf of the Note Trustee; and (ii) in the case of the Agent Bank, hold all documents and records held by it in respect of the Notes and the Certificates on behalf of the Note Trustee; and/or (b) deliver up all Notes, Certificates and all sums, documents and records held by them in respect of the Notes and the CertificatesNotes, to the Note Trustee and/or the Security Trustee or as the such Note Trustee and/or Security Trustee shall direct in such notice, provided that such notice shall be deemed not to apply to any document or record which any of the Agents is obliged not to release by any law or regulation.

AGENTS TO ACT FOR NOTE TRUSTEE. If an Enforcement Notice is served on the Issuer, unless the Note Trustee has determined otherwise any Event of Default occurs in accordance with clause 24 (Waiver, Authorisation and Determination) respect of the Trust DeedNotes, the Agents shall, if so required by notice in writing given by the Note Trustee to the Agents (or such of them as are specified by the Note Trustee): (a) act thereafter, until otherwise instructed by the Note Trustee, as the agents of the Note Trustee under the terms of the Trust Deed, in relation to payments and calculations to be made by or on behalf of the Note Trustee, Trustee (save that the Note Trustee's liability under any provisions thereof for indemnification, remuneration and/or payment of out of out-of-pocket expenses of the Paying Agents, the Registrar Agents or the Agent Bank shall be limited to the amounts for the time being held by the Note Trustee on the trusts of the Trust Deed and available to the Note Trustee for such purpose) and: (i) in the case of the Paying Agents, hold all Notes, Note Certificates and all sums, documents and records held by them in respect of the Notes and the Certificates on behalf of the Note Trustee; and (ii) in the case of the Agent Bank, hold all documents and records held by it in respect of the Notes and the Certificates on behalf of the Note Trustee; and/or (b) deliver up all Notes, Note Certificates and all sums, documents and records held by them in respect of the Notes and the CertificatesNotes, to the Note Trustee or as the Note Trustee shall direct in such notice, provided that such notice shall be deemed not to apply to any document or record which any of the Agents is obliged not to release by any law or regulation.