Common use of Consequence of Termination Clause in Contracts

Consequence of Termination. 10.1 Any termination of the appointment of the Debentureholders' Representative under this Agreement will not be effective until a successor is appointed. The Debentureholders' Representative may assist the Issuer to nominate a successor debentureholders' representative. Subject to the Conditions, if a successor debentureholders' representatives nominated by the Debentureholders' Representative has not been selected within two (2) months from the date of termination notice, it shall be deemed that the last debentureholders' representative nominated by the Debentureholders' Representative is appointed as the successor debentureholders' representative and this Agreement shall terminate, at the expiry of two (2) months' termination notice. 10.2 Upon termination of the Agreement or unless otherwise directed by the Issuer, the Debentureholders' Representative will cease using information and documents provided by the Issuer and/or the Debentureholders ("Documents") and return or destroy at the Issuer's direction all copies of the Documents. The Debentureholders' Representative will delete all copies of the Documents residing in memory on any computer at the Debentureholders' Representative's site. The Debentureholders' Representative will, within thirty (30) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' Representative. 10.3 The obligations of the Issuer under Clauses 5 and 6 shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Debentureholders' Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the Debentureholders' Representative under Clause 9.2, Clause 9.3, Clause 9.4 or Clause 9.5 of this Agreement (as the case may be) will not be effective until a successor debentureholders' representative is appointed. The Debentureholders' Representative may assist the Issuer to nominate in such appointment by nominating a successor debentureholders' representative. Subject to the Conditions, if a successor debentureholders' representatives ’ representative nominated by the Debentureholders' Representative has not been selected by the Issuer within two 2 (2two) months from the date of termination notice, it shall be deemed that the last debentureholders' representative nominated by the Debentureholders' Representative is appointed nominated by the Issuer for the purpose of the procedure for the change of debentureholders’ representative as provided in the successor debentureholders' representative and this Agreement shall terminate, at the expiry of two (2) months' termination noticeConditions. 10.2 Upon termination of the this Agreement or unless otherwise directed by the Issuer, the Debentureholders' Representative will cease using information and documents provided by the Issuer and/or the Debentureholders ("Documents") and return return, delete or destroy at the Issuer's direction all copies of the Documents. The Debentureholders' Representative will delete all copies of the Documents residing stored in memory on any computer at the Debentureholders' Representative's site. The Debentureholders' Representative will, within thirty 30 (30thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' Representative. Nothing in this clause shall operate to require the return or destruction of the copies of Documents required to be maintained by the Debentureholders' Representative by applicable laws. 10.3 The obligations of the Issuer under Clauses 5 (Remuneration of the Debentureholders' Representative) and 6 (Indemnification of Debentureholders' Representative) shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Debentureholders' Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the DebentureholdersBondholders' Representative under this Agreement Agreement, except the termination under Clause 9(a), will not be effective until a successor is appointed. The DebentureholdersBondholders' Representative may assist the Issuer Company to nominate a successor debentureholdersbondholders' representative. Subject to the Conditions, if a successor debentureholdersany of the bondholders' representatives nominated by the DebentureholdersBondholders' Representative has not been selected within two 3 (2three) months from the date of termination notice, it shall be deemed that the last debentureholdersbondholders' representative nominated by the DebentureholdersBondholders' Representative is appointed as the successor debentureholdersbondholders' representative and this Agreement shall terminate, at the expiry of two such 3 (2three) months' termination notice. 10.2 Upon termination of the this Agreement or unless otherwise directed by the IssuerCompany, the DebentureholdersBondholders' Representative will cease using information and documents provided by the Issuer Company and/or the Debentureholders Bondholders ("the Documents") and return or destroy at the IssuerCompany's direction all copies of the Documents. The DebentureholdersBondholders' Representative will delete all copies of the Documents residing in memory on any computer at the DebentureholdersBondholders' Representative's site. The DebentureholdersBondholders' Representative will, within thirty 30 (30thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' RepresentativeCompany. 10.3 The obligations provision of Clause 5 (Remuneration of the Issuer Bondholders' Representative), Clause 6 (Indemnification of Bondholders' Representative), Clause 10 (Consequence of Termination), Clause 11 (Claims and Liabilities), Clause 12 (Notices), Clause 13 (Others) and Clause 15 (Governing Law) shall survive such expiration or termination and remain in full force and effect. If this Agreement expires or terminates pursuant to this Agreement, this Agreement shall be of no further effect and no party shall be under Clauses 5 any liability to any other in respect of this Agreement except for (i) any liability arising before or in relation to such expiration or termination of this Agreement and 6 (ii) the liability of a party under the provisions which shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Bondholders' Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the Debentureholders' Representative under this Agreement will not be effective until a successor is appointed. The Debentureholders' Representative may assist the Issuer to nominate in such appointment by nominating a successor debentureholdersDebentureholders' representativeRepresentative. Subject to the Conditions, if a successor debentureholdersDebentureholders' representatives Representatives nominated by the Debentureholders' Representative has not been selected by the Issuer within two 2 (2two) months from the date of termination notice, it shall be deemed that the last debentureholdersDebentureholders' representative Representative nominated by the Debentureholders' Representative is appointed as the successor debentureholders' representative and this Agreement shall terminate, at the expiry of two (2) months' termination notice.Representative 10.2 Upon termination of the this Agreement or unless otherwise directed by the Issuer, the Debentureholders' Representative will cease using information and documents provided by the Issuer and/or the Debentureholders ("Documents") and return return, delete or destroy at the Issuer's direction all copies of the Documents. The Debentureholders' Representative will delete all copies of the Documents residing stored in memory on any computer at the Debentureholders' Representative's site. The Debentureholders' Representative will, within thirty 30 (30thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' Representative. 10.3 The obligations of the Issuer under Clauses 5 (Remuneration of the Debentureholders' Representative) and 6 (Indemnification of Debentureholders' Representative) shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Debentureholders' Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the Debentureholders' Representative under Clause 9.2, Clause 9.3 or Clause 9.4 of this Agreement (as the case may be) will not be effective until a successor debentureholders' representative is appointed. The Debentureholders' Representative may assist the Issuer to nominate in such appointment by nominating a successor debentureholders' representative. Subject to the Conditions, if a successor debentureholders' representatives ’ representative nominated by the Debentureholders' Representative has not been selected by the Issuer within two 2 (2two) months from the date of termination notice, it shall be deemed that the last debentureholders' representative nominated by the Debentureholders' Representative is appointed nominated by the Issuer for the purpose of the procedure for the change of debentureholders’ representative as provided in the successor debentureholders' representative and this Agreement shall terminate, at the expiry of two (2) months' termination noticeConditions. 10.2 Upon termination of the this Agreement or unless otherwise directed by the Issuer, the Debentureholders' Representative will cease using information and documents provided by the Issuer and/or the Debentureholders ("Documents") and return return, delete or destroy at the Issuer's direction all copies of the Documents. The Debentureholders' Representative will delete all copies of the Documents residing stored in memory on any computer at the Debentureholders' Representative's site. The Debentureholders' Representative will, within thirty 30 (30thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' Representative. Nothing in this clause shall operate to require the return or destruction of the copies of Documents required to be maintained by the Debentureholders' Representative by applicable laws. 10.3 The obligations of the Issuer under Clauses 5 (Remuneration of the Debentureholders' Representative) and 6 (Indemnification of Debentureholders' Representative) shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Debentureholders' Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the Debentureholders' Bondholders’ Representative under this Agreement will not be effective until a successor is appointed. The Debentureholders' Bondholders’ Representative may assist the Issuer to nominate a successor debentureholders' representativeBondholders’ Representative. Subject to the Conditions, if a successor debentureholders' representatives Bondholders’ Representatives nominated by the Debentureholders' Bondholders’ Representative has not been selected within two (2) months from the date of termination notice, it shall be deemed that the last debentureholders' representative Bondholders’ Representative nominated by the Debentureholders' Bondholders’ Representative is appointed as the successor debentureholders' representative Bondholders’ Representative and this Agreement shall terminate, at the expiry of two (2) months' termination notice. 10.2 Upon termination of the Agreement or unless otherwise directed by the Issuer, the Debentureholders' Bondholders’ Representative will cease using information and documents provided by the Issuer and/or the Debentureholders Bondholders ("Documents") and return or destroy at the Issuer's ’s direction all copies of the Documents. The Debentureholders' Bondholders’ Representative will delete all copies of the Documents residing in memory on any computer at the Debentureholders' Bondholders’ Representative's ’s site. The Debentureholders' Bondholders’ Representative will, within thirty (30) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Bondholders’ Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' Bondholders’ Representative. 10.3 The obligations of the Issuer under Clauses 5 and 6 shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Bondholders’ Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the DebentureholdersBondholders' Representative under this Agreement Agreement, except the termination under Clause 9(a), will not be effective until a successor is appointed. The DebentureholdersBondholders' Representative may assist the Issuer Company to nominate a successor debentureholdersbondholders' representative. Subject to the Conditions, if a successor debentureholdersany of the bondholders' representatives nominated by the DebentureholdersBondholders' Representative has not been selected within two 3 (2three) months from the date of termination notice, it shall be deemed that the last debentureholdersbondholders' representative nominated by the DebentureholdersBondholders' Representative is appointed as the successor debentureholdersbondholders' representative and this Agreement shall terminate, at the expiry of two such 3 (2three) months' termination notice. 10.2 Upon termination of the this Agreement or unless otherwise directed by the IssuerCompany, the DebentureholdersBondholders' Representative will cease using information and documents provided by the Issuer Company and/or the Debentureholders Bondholders ("the Documents") and return or destroy at the IssuerCompany's direction all copies of the Documents. The DebentureholdersBondholders' Representative will delete all copies of the Documents residing in memory on any computer at the DebentureholdersBondholders' Representative's site. The DebentureholdersBondholders' Representative will, within thirty 30 (30thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' RepresentativeCompany. 10.3 The obligations provision of Clause 5 (Remuneration of the Issuer Bondholders' Representative), Clause 6 (Indemnification of Bondholders' Representative), Clause 10 (Consequence of Termination), Clause 11 (Claims and Liabilities), Clause 12 (Notices), Clause 13 (Others) and Clause 14 (Governing Law) shall survive such expiration or termination and remain in full force and effect. If this Agreement expires or terminates pursuant to this Agreement, this Agreement shall be of no further effect and no party shall be under Clauses 5 any liability to any other in respect of this Agreement except for (i) any liability arising before or in relation to such expiration or termination of this Agreement and 6 (ii) the liability of a party under the provisions which shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Bondholders' Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the Debentureholders' Representative under Clause 9 of this Agreement (except for the termination pursuant to Clause 9.1) will not be effective until a successor debentureholders' representative is appointed. The Debentureholders' Representative may assist the Issuer to nominate in such appointment by nominating a successor debentureholders' representative. Subject to the Conditions, if a successor debentureholders' representatives representative nominated by the Debentureholders' Representative has not been selected within two (2) months from the date of termination notice, it shall be deemed that the last debentureholders' representative nominated by the Debentureholders' Representative is appointed as the successor debentureholders' representative and this Agreement shall terminate, at the expiry of two (2) months' termination notice.Issuer within 10.2 Upon termination of the this Agreement or unless otherwise directed by the Issuer, the Debentureholders' Representative will cease using information and documents provided by the Issuer and/or the Debentureholders ("Documents") and return return, delete or destroy at the Issuer's direction all copies of the Documents. The Debentureholders' Representative will delete all copies of the Documents residing stored in memory on any computer at the Debentureholders' Representative's site. The Debentureholders' Representative will, within thirty 30 (30thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' Representative. Nothing in this clause shall operate to require the return or destruction of the copies of Documents required to be maintained by the Debentureholders' Representative by applicable laws. 10.3 The obligations of the Issuer under Clauses 5 (Remuneration of the Debentureholders' Representative) and 6 (Indemnification of Debentureholders' Representative) shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Debentureholders' Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the Debentureholders' Bondholders’ Representative under this Agreement Agreement, except the termination under Clause 9(a), will not be effective until a successor is appointed. The Debentureholders' Bondholders’ Representative may assist the Issuer Company to nominate a successor debentureholders' bondholders’ representative. Subject to the Conditions, if a successor debentureholders' any of the bondholders’ representatives nominated by the Debentureholders' Bondholders’ Representative has not been selected within two 3 (2three) months from the date of termination notice, it shall be deemed that the last debentureholders' bondholders’ representative nominated by the Debentureholders' Bondholders’ Representative is appointed as the successor debentureholders' bondholders’ representative and this Agreement shall terminate, at the expiry of two such 3 (2three) months' termination notice. 10.2 Upon termination of the this Agreement or unless otherwise directed by the IssuerCompany, the Debentureholders' Bondholders’ Representative will cease using information and documents provided by the Issuer Company and/or the Debentureholders Bondholders ("the Documents") and return or destroy at the Issuer's Company’s direction all copies of the Documents. The Debentureholders' Bondholders’ Representative will delete all copies of the Documents residing in memory on any computer at the Debentureholders' Bondholders’ Representative's ’s site. The Debentureholders' Bondholders’ Representative will, within thirty 30 (30thirty) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the Debentureholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the Debentureholders' RepresentativeCompany. 10.3 The obligations provision of Clause 5 (Remuneration of the Issuer Bondholders’ Representative), Clause 6 (Indemnification of Bondholders’ Representative), Clause 10 (Consequence of Termination), Clause 11 (Claims and Liabilities), Clause 12 (Notices), Clause 13 (Others) and Clause 15 (Governing Law) shall survive such expiration or termination and remain in full force and effect. If this Agreement expires or terminates pursuant to this Agreement, this Agreement shall be of no further effect and no party shall be under Clauses 5 any liability to any other in respect of this Agreement except for (i) any liability arising before or in relation to such expiration or termination of this Agreement and 6 (ii) the liability of a party under the provisions which shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Bondholders’ Representative Appointment Agreement

Consequence of Termination. 10.1 Any termination of the appointment of the DebentureholdersBondholders' Representative under this Agreement will not be effective until a successor is appointed. The DebentureholdersBondholders' Representative may assist the Issuer to nominate a successor debentureholdersbondholders' representative. Subject to the Conditions, if a successor debentureholdersbondholders' representatives representative nominated by the DebentureholdersBondholders' Representative has not been selected within two (2) months from the date of termination notice, it shall be deemed that the last debentureholdersBondholders' representative Representative nominated by the DebentureholdersBondholders' Representative is appointed as the successor debentureholdersbondholders' representative and this Agreement shall terminate, at the expiry of two (2) months' termination notice. The identity of any successor bondholders' representative shall be notified promptly by the Issuer to the Registrar, the Paying Agent and the Guarantor. 10.2 Upon termination of the Agreement or unless otherwise directed by the Issuer, the DebentureholdersBondholders' Representative will cease using information and documents provided by the Issuer and/or the Debentureholders Bondholders ("Documents") and return or destroy at the Issuer's direction all copies of the Documents. The DebentureholdersBondholders' Representative will delete all copies of the Documents residing in memory on any computer at the DebentureholdersBondholders' Representative's site. The DebentureholdersBondholders' Representative will, within thirty (30) days from the effective date of the termination, certify in writing that all copies of the Documents have been returned, deleted or destroyed as directed by the Issuer. In addition, the DebentureholdersBondholders' Representative shall make all efforts to cooperate with its successor to ensure an orderly assumption by its successor of the obligations of the DebentureholdersBondholders' Representative. 10.3 The obligations of the Issuer under Clauses 5 and 6 shall survive the termination of this Agreement.

Appears in 1 contract

Sources: Bondholders' Representative Appointment Agreement