Common use of Completion of Substitution Clause in Contracts

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. On completion of the formalities set out in this Clause 16.213.2, the Substituted Obligor will be deemed to be named in this Trust Deed Deed, the Agency Agreement and the Notes Bonds as the principal debtor in place of the Issuer (or of any previous substitute) or as the guarantor in place of the Guarantor (or of any previous substitute) ), as the case may be be, and this Trust Deed Deed, the Agency Agreement and the Notes Bonds will be deemed to be amended as necessary to give effect to the substitution.