Destruction by Common Safekeeper Sample Clauses
The 'Destruction by Common Safekeeper' clause defines the procedures and responsibilities when documents or assets held by a mutually agreed third party (the common safekeeper) are destroyed. Typically, this clause outlines the circumstances under which destruction is permitted, the required notifications to the parties involved, and any documentation or evidence that must be provided to confirm destruction. Its core practical function is to ensure transparency and accountability in the handling and disposal of important items, thereby preventing disputes or misunderstandings regarding the status of those items.
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGN Temporary Global Note and NGN Permanent Global Note, or a Global Registered Note to be held under the NSS in accordance with Clause 4.11 (Exchange of Temporary Global Note) or Clause 8.1 (Payments by Paying Agents) in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Fiscal Agent shall furnish the Issuer with a copy of such confirmation (provided that, if the Fiscal Agent is the Common Safekeeper, the Fiscal Agent shall destroy each NGN Temporary Global Note and NGN Permanent Global Note in accordance with Clause 4.11 (Exchange of Temporary Global Note) or Clause 8.1 (Payments by Paying Agents) and furnish the Issuer with confirmation of such destruction); and
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy the Temporary Global Note and the Permanent Global Note in accordance with Clause 4.2 (Exchange of Temporary Global Note and Permanent Global Note) or Clause 7.1 (Payments by the Paying Agents) in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Fiscal Agent shall, upon request, furnish the Issuer with a copy of such confirmation; and
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGN Temporary Global Note and NGN Permanent Global Note, or a Global Registered Note to be held under the NSS in accordance with Clause 4.11 (Exchange of Temporary Global Note) or Clause 8.1 (Payments by Paying Agents) in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Fiscal Agent shall furnish the Issuer with a copy of such confirmation and furnish the Issuer with confirmation of such destruction); and
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGN Temporary Global Note and NGN Permanent Global Note in accordance with Clause 4.11 (Exchange of Temporary Global Note), Clause
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGN Temporary Global Note and NGN Permanent Global Note, or a Global Registered Note to be held under the NSS in accordance with Clause 4.11 (Issuance of Notes – Exchange of Temporary Global Note) or Clause 8.1 (Payments to Noteholders – Payments by Paying Agents) in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Fiscal Agent shall furnish the Issuer and the Guarantor with a copy of such confirmation (provided that, if the Fiscal Agent is the Common Safekeeper, the Fiscal Agent shall destroy each NGN Temporary Global Note and NGN Permanent Global Note in accordance with Clause 4.11 (Issuance of Notes – Exchange of Temporary Global Note) or Clause
Destruction by Common Safekeeper. The Registrar may instruct the Common Safekeeper to destroy a mutilated or defaced Class A Note or a Class A Note in registered definitive form in which case, upon receipt of confirmation of destruction by the Common Safekeeper, the Registrar shall furnish the Issuer with a copy of the confirmation of destruction received by it from the Common Safekeeper.
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGCB Temporary Global Covered Bond and NGCB Permanent Global Covered Bond, or a Global Registered Covered Bond to be held under the NSS in accordance with Clause 4.10 (Exchange of Temporary Global Covered Bond) or Clause 8.1 (Payments by the Paying Agent) in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Fiscal Agent shall furnish the Issuer with a copy of such confirmation (provided that, if the Fiscal Agent is the Common Safekeeper, the Fiscal Agent shall destroy each NGCB Temporary Global Covered Bond and NGCB Permanent Global Covered Bond in accordance with Clause 4.10 (Exchange of Temporary Global Covered Bond) or Clause 8.1 (Payments by the Paying Agent) and furnish the Issuer with confirmation of such destruction); and
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGN Temporary Global Note and NGN Permanent Global Note, or a Global Registered Note to be held under the NSS in accordance with Clause 4.11 (Exchange of Temporary Global Note) or Clause 8.1 (Payments by Paying Agents) in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Fiscal Agent shall upon request furnish the relevant Issuer and, if applicable, the Guarantor with a copy of such confirmation (provided that, if the Fiscal Agent is the Common Safekeeper, the Fiscal Agent shall destroy each NGN Temporary Global Note and NGN Permanent Global Note in accordance with Clause 4.11 (Exchange of Temporary Global Note) or Clause 8.1 (Payments by Paying Agents) and furnish the relevant Issuer and, if applicable, the Guarantor with confirmation of such destruction); and
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGN Temporary Global Instrument and NGN Permanent Global Instrument in accordance with Clause 4.11 or Clause 7.1 in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Issue and Paying Agent shall furnish the Issuer and the Guarantor with a copy of such confirmation (provided that, if the Issue and Paying Agent is the Common Safekeeper, the Issue and Paying Agent shall destroy each NGN Temporary Global Instrument and NGN Permanent Global Instrument in accordance with Clause 4.11 or Clause 7.1 and furnish the Issuer and the Guarantor with confirmation of such destruction); and
Destruction by Common Safekeeper may instruct the Common Safekeeper to destroy each NGN Temporary Global Note and NGN Permanent Global Note, or a Global Registered Note to be held under the NSS, in accordance with Clause 4.11 (Exchange of Temporary Global Note) or Clause 8.1 (Payments by Paying Agents) in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Fiscal Agent shall, at the request of the Issuer in the case of a destruction otherwise than pursuant to Clause 4.11 (Exchange of Temporary Global Note), furnish the Issuer with a copy of such confirmation (provided that, if the Fiscal Agent is the Common Safekeeper, the Fiscal Agent shall destroy each NGN Temporary Global Note and NGN Permanent Global Note, or a Global Registered Note to be held under the NSS, in accordance with Clause 4.11 (Exchange of Temporary Global Note) or Clause 8.1 (Payments by Paying Agents) and shall, at the request of the Issuer, furnish the Issuer with confirmation of such destruction); and