Common Safekeeper. In relation to each Series which is in NGN form or the relevant Global Certificate is held under the NSS, each of SCPLC and SCB hereby authorises and instructs the Issuing and Paying Agent to elect Euroclear as Common Safekeeper. From time to time, SCPLC or SCB and the Issuing and Paying Agent may agree to vary this election. Each of SCPLC and SCB acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
Appears in 2 contracts
Sources: Agency Agreement, Agency Agreement