Common use of Deposit of Guarantee Clause in Contracts

Deposit of Guarantee. This Guarantee shall take effect as a Deed Poll for the benefit of the Relevant Account Holders from time to time and for the time being. This Guarantee shall be deposited with and held by BNP Paribas Securities Services, Luxembourg Branch as Issuing and Principal Paying Agent until all the obligations of the Guarantor have been discharged in full.

Appears in 3 contracts

Sources: Euro Medium Term Note Programme, Euro Medium Term Note Programme, Euro Medium Term Note Programme