Completion of Substitution Sample Clauses
The 'Completion of Substitution' clause defines the process and requirements for finalizing the replacement of a party, asset, or obligation within a contract. Typically, this clause outlines the steps necessary to confirm that the substitution has been properly executed, such as obtaining approvals, delivering required documentation, or meeting specific conditions. Its core practical function is to ensure that all parties are clear on when and how a substitution is considered complete, thereby preventing disputes or confusion regarding the status of contractual obligations.
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Completion of Substitution. On completion of the formalities set out in Condition 14.3 and this Clause 15.3, the Substituted Obligor shall be deemed to be named in the Conditions, the relevant Trust Deed, the other Programme Documents and the ETP Securities as the principal debtor in place of the Issuer (or of any previous substitute) and the Conditions, the relevant Trust Deed, the other Programme Documents and the ETP Securities shall be deemed to be amended as necessary to give effect to the substitution.
Completion of Substitution. On completion of the formalities set out in this Clause 13.2, the Substituted Obligor shall be deemed to be named in this Trust Deed, the Notes, the Certificates, the Receipts, the Coupons and the Talons as the principal debtor in place of the Issuer (or of any previous substitute under this Clause) and this Trust Deed, the Notes, the Certificates, the Receipts, the Coupons and the Talons shall be deemed to be amended as necessary to give effect to the substitution.
Completion of Substitution. Upon the execution of such documents and compliance with the said requirements, the Substituted Obligor shall be deemed to be named in this Trust Deed and the Notes as the principal debtor in place of the Issuer (or of any previous substitute under this Clause) and this Trust Deed, the Notes and the Paying and Conversion Agency Agreement shall thereupon be deemed to be amended in such manner as shall be necessary to give effect to the substitution and without prejudice to the generality of the foregoing any references in this Trust Deed, in the Notes or in the Paying and Conversion Agency Agreement to the Issuer shall be deemed to be references to the Substituted Obligor.
Completion of Substitution. On completion of the formalities set out in sub-Clause 13.2, the Substituted Obligor will be deemed to be named in this Trust Deed and the Bonds as the principal debtor in place of the Issuer (or of any previous substitute) and this Trust Deed and the Bonds will be deemed to be amended as necessary to give effect to the substitution.
Completion of Substitution. On completion of the formalities set out in this Clause 16.2, the Substituted Obligor will be deemed to be named in this Trust Deed and the Notes as the principal debtor in place of the Issuer (or of any previous substitute) or as the Guarantor (or of any previous substitute) as the case may be and this Trust Deed and the Notes will be deemed to be amended as necessary to give effect to the substitution.
Completion of Substitution. Upon the execution of such documents and compliance with the said requirements, the Substituted Issuer shall be deemed to be named in the Security Documents, the Notes and the other Documents as the principal debtor in place of the Issuer (or of any previous substitute under this Clause) and the Security Documents, the Notes and the other Documents shall thereupon be deemed to be amended in such manner as shall be necessary to give effect to the substitution and without prejudice to the generality of the foregoing any references in the Security Documents, Notes and the other Documents to the Issuer shall be deemed to be references to the Substituted Issuer.
Completion of Substitution. Upon the execution of such documents and compliance with such requirements Newco will be deemed to be named in this Trust Deed and on the Notes as the principal debtor in place of the Issuer (or of any previous substitute under Clause 16.2) or as a guarantor, as the case may be, and this Trust Deed and the Notes will be deemed to be modified in such manner as shall be necessary to give effect to the substitution.
Completion of Substitution. Upon the execution of such documents and compliance with such requirements, the Substituted Obligor will be deemed to be named in this Trust Deed and the Subordinated Notes as the principal debtor in place of the Issuer (or of any previous Substituted Obligor under this Clause 15.2) and this Trust Deed and the Subordinated Notes will be deemed to be modified in such manner as shall be necessary to give effect to the substitution and, without prejudice to the generality of the foregoing, any references in this Trust Deed or the Subordinated Notes to the Issuer shall be deemed to be references to the Substituted Obligor. Any such substitution shall be binding on the Noteholders and shall be notified promptly to the Noteholders in accordance with Condition 17 (Notices); and
Completion of Substitution. Upon the execution of such documents and compliance with such requirements, the Substituted Obligor will be deemed to be named in this Trust Deed and the Notes as the principal debtor in place of the Issuer (or of any previous substitute under this Clause 15.2) and this Trust Deed and the Notes will be deemed to be modified in such manner as shall be necessary to give effect to the substitution. Any such substitution shall be binding on the Noteholders and shall be notified promptly to the Noteholders in accordance with Condition 17.
Completion of Substitution. Upon the execution of such documents and compliance with such conditions and requirements the Substituted Issuer shall be deemed to be named in this Trust Deed and the Notes as the principal debtor in place of the Issuer or any previous Substituted Issuer and this Trust Deed, the Notes and the Coupons and the Issuer Transaction Documents shall thereupon be amended in such manner as shall be necessary to give effect to the substitution and without prejudice to the generality of the foregoing any references in this Trust Deed, in the Notes, Coupons and the Issuer Deed of Charge shall be deemed to be references to the Substituted Issuer.