Common use of Subject to subclause 21 Clause in Contracts

Subject to subclause 21. 1, the Issuers and the Guarantor may, after prior consultation with the Agent, terminate the appointment of any of the other Paying Agents at any time and/or appoint one or more further other Paying Agents by giving to the Agent, and to the relevant other Paying Agent at least 45 days' notice in writing to that effect (other than in the case of insolvency of the other Paying Agent).

Appears in 2 contracts

Sources: Agency Agreement (Ciba Specialty Chemicals Holding Inc /Fi/), Agency Agreement (Ciba Specialty Chemicals Holding Inc /Fi/)