Common use of Alternative Payment Arrangements Clause in Contracts

Alternative Payment Arrangements. If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 (Payment), then the Guarantor LP shall make such alternative arrangements for the payment direct to the Issuer of amounts due under this Agreement as are acceptable to the Issuer and the Bond Trustee (acting reasonably).

Appears in 6 contracts

Sources: Intercompany Loan Agreement, Intercompany Loan Agreement (RBC Covered Bond Guarantor Limited Partnership), Intercompany Loan Agreement (Royal Bank of Canada)

Alternative Payment Arrangements. If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 (Payment), then the Guarantor LP shall make such alternative arrangements for the payment direct directly to the Issuer of amounts due under this Agreement as are acceptable to the Issuer and the Bond Trustee (acting reasonably).

Appears in 4 contracts

Sources: Intercompany Loan Agreement, Intercompany Loan Agreement, Intercompany Loan Agreement

Alternative Payment Arrangements. If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in lawLaw, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 (Payment)11.1, then the Guarantor LP shall shall, at the expense of the Intercompany Loan Provider, make such alternative arrangements for the payment direct to the Issuer of amounts due under this Agreement as are acceptable to the Issuer Intercompany Loan Provider and the Bond Trustee (acting reasonably).

Appears in 2 contracts

Sources: Intercompany Loan Agreement (BMO Covered Bond Guarantor Limited Partnership), Intercompany Loan Agreement

Alternative Payment Arrangements. If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 (Payment), then the Guarantor LP shall make such alternative arrangements for the payment direct directly to the Issuer of amounts due under this Agreement as are acceptable to the Issuer and the Bond Trustee (acting reasonably).. MT DOCS 14908741v6 Intercompany Loan Agreement

Appears in 1 contract

Sources: Intercompany Loan Agreement

Alternative Payment Arrangements. If, at any time, it shall will become impracticable (by reason of any action of any governmental authority Governmental Authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 (Payment)) hereof, then the Guarantor LP shall will, at the expense of the Intercompany Loan Provider, make such alternative arrangements for the payment direct to the Issuer of amounts due under this Agreement as are acceptable to the Issuer Intercompany Loan Provider and the Bond Trustee (acting reasonably).

Appears in 1 contract

Sources: Intercompany Loan Agreement (Bank of Nova Scotia /)

Alternative Payment Arrangements. If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 this Article 12 (PaymentPayments), then the Guarantor LP shall make such alternative arrangements for the payment direct directly to the Issuer of amounts due under this Agreement as are acceptable to the Issuer and the Bond Trustee (acting reasonably).

Appears in 1 contract

Sources: Intercompany Loan Agreement

Alternative Payment Arrangements. β€Œ If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 (Payment), then the Guarantor LP shall make such alternative arrangements for the payment direct directly to the Issuer of amounts due under this Agreement as are acceptable to the Issuer and the Bond Trustee (acting reasonably).

Appears in 1 contract

Sources: Intercompany Loan Agreement

Alternative Payment Arrangements. If, at any time, it shall become impracticable (by reason of any action of any governmental authority Governmental Authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 (Payment), then the Guarantor LP shall make such alternative arrangements for the payment direct directly to the Issuer of amounts due under this Agreement as are acceptable to the Issuer and the Bond Trustee (acting reasonably).

Appears in 1 contract

Sources: Intercompany Loan Agreement

Alternative Payment Arrangements. If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for the Guarantor LP to make any payments under this Agreement in the manner specified in Section 11.1 12.1 (Payment), then the Guarantor LP shall make such alternative arrangements for the payment direct to the Issuer of amounts due under this Agreement as are acceptable to the Issuer and the Bond Trustee (acting reasonably).

Appears in 1 contract

Sources: Intercompany Loan Agreement (RBC Covered Bond Guarantor Limited Partnership)