Common use of Destruction by Common Safekeeper Clause in Contracts

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

Appears in 1 contract

Sources: Issue and Paying Agency Agreement

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 and Clause 7.1 in which case, upon receipt of confirmation of destruction from the Common Safekeeper, the Issue and Paying Fiscal Agent shall furnish the Issuer and the Guarantor with a copy of such confirmation (provided that, if the Issue and Paying Fiscal Agent is the Common Safekeeper, the Issue and Paying Fiscal Agent shall destroy each NGN Temporary Global Instrument and NGN Permanent Global Instrument in accordance with Clause 4.11 or and Clause 7.1 and furnish the Issuer and the Guarantor with confirmation of such destruction); and

Appears in 1 contract

Sources: Issue and Paying Agency Agreement