Trustee and Agents Sample Clauses
The 'Trustee and Agents' clause defines the roles, responsibilities, and authority of the trustee and any agents appointed to act on behalf of a trust or similar arrangement. It typically outlines the scope of the trustee's powers, such as managing assets, making distributions, or delegating tasks to agents like investment managers or legal advisors. This clause ensures that all parties understand who is authorized to act for the trust and under what circumstances, thereby providing clarity and reducing the risk of disputes or unauthorized actions.
Trustee and Agents. May Hold Securities or Coupons; Collections, etc. The Trustee or any agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities or Coupons with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent.
Trustee and Agents. May Hold Securities; Collections, etc. The Trustee, any Paying Agent, Securities Registrar, Authenticating Agent or any agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not the Trustee or such agent, and, subject to Sections 7.8 and 7.13, if operative, may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee, Paying Agent, Securities Registrar, Authenticating Agent or such agent.
Trustee and Agents. Under the Trust Deed, the Trustee is entitled to be indemnified and relieved from responsibility in certain circumstances and to be paid its costs and expenses in priority to the claims of the Noteholders. In addition, the Trustee is entitled to enter into business transactions with any Relevant Obligor and any entity relating to a Relevant Obligor without accounting for any profit. In the exercise of its powers and discretions under these Conditions, the Deed of Guarantee, as applicable and the Trust Deed, the Trustee will have regard to the interests of the Noteholders as a class and will not be responsible for any consequence for individual Holders of Notes as a result of such Holders being connected in any way with a particular territory or taxing jurisdiction. In acting under the Agency Agreement and in connection with the Notes and the Coupons, the Agents act solely as agents of the Relevant Obligor(s) and do not assume any obligations towards or relationship of agency or trust for or with any of the Noteholders or Couponholders. The initial Agents and their initial Specified Offices are listed below. The initial Calculation Agent (if any) is specified in the relevant Pricing Supplement. The Relevant Obligor(s) reserve the right (with the prior approval of the Trustee) at any time to vary or terminate the appointment of any Agent and to appoint a successor principal paying agent or registrar or Calculation Agent and additional or successor paying agents; provided, however, that:
(i) the Relevant Obligor(s) shall at all times maintain a principal paying agent and a registrar; and
(ii) if a Calculation Agent is specified in the relevant Pricing Supplement, the Relevant Obligor(s) shall at all times maintain a Calculation Agent; and
(iii) the Relevant Obligor(s) shall at all times maintain a CMU Lodging and Paying Agent in relation to Notes accepted for clearance through the CMU Service; and
(iv) if and for so long as the Notes are admitted to listing, trading and/or quotation by any competent authority, stock exchange and/or quotation system which requires the appointment of a Paying Agent and/or a Transfer Agent in any particular place, the Relevant Obligor(s) shall maintain a Paying Agent and/or a Transfer Agent having its Specified Office in the place required by such competent authority, stock exchange and/or quotation system. Notice of any change in any of the Agents or in their Specified Offices shall promptly be given to the Noteholders. The Tru...
Trustee and Agents. The fees and expenses of the other parties to the Issue Documents and their respective legal counsels (if any); provided, however, that if the issue and offering of the Bonds is consummated, the Joint Bookrunners shall be responsible for all legal fees and expenses incurred in respect of the Joint Bookrunners’ legal advisers.
Trustee and Agents. Neither the Trustee nor any Agent shall be responsible for paying any tax, duty, charges, withholding or other payment referred to in this Condition 12 or for determining whether such amounts are payable or the amount thereof, and none of them shall be responsible or liable for any failure by the Issuer, any Noteholder or any third party to pay such tax, duty, charges, withholding or other payment in any jurisdiction or to provide any notice or information to the Trustee or any Agent that would permit, enable or facilitate the payment of any principal, premium (if any), interest or other amount under or in respect of the Notes without deduction or withholding for or on account of any tax, duty, charge, withholding or other payment imposed by or in any jurisdiction.
Trustee and Agents. May Hold Notes or Coupons; Collections, Etc. The Trustee or any agent of the Company or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes with the same rights it would have if it were not the Trustee or such agent and may otherwise deal with the Company and receive, collect, hold and retain collections from the Company with the same rights it would have if it were not the Trustee or such agent.
Trustee and Agents. Initially, The Bank of New York Mellon shall act as trustee (the “Trustee”), Co-Registrar, Principal Paying Agent and Transfer Agent. Banco Santander Argentina S.A. shall act as Registrar, Paying Agent, Transfer Agent and representative of the Trustee in Argentina (the “Representative of the Trustee in Argentina”). IRSA may appoint and change any Paying Agent, Registrar or Co-Registrar without notice to any Holder. IRSA may act as Paying Agent, Registrar or Co-Registrar.
Trustee and Agents the fees and expenses of the other parties to the Issue Documents; and
Trustee and Agents. Initially, The Bank of New York Mellon (the “Trustee”), shall act as Trustee, Principal Paying Agent, Principal Transfer Agent and Co-Registrar, Banco de Valores S.A., shall act as Representative of the Trustee in Argentina, under the conditions set forth in the Indenture, and The Bank of New York Mellon (Luxembourg) S.A., shall act as Luxembourg Paying Agent and Luxembourg Transfer Agent. The Issuer may appoint and change any Agent without notice to any Holder. The Issuer may act as any Agent.
Trustee and Agents. (a) Any of the Trustee, the Security Trustee and Agents may call for and shall be entitled to rely upon an Officer's Certificate or any other certificate, notice, document, information or report at any time without further enquiry in accordance with the terms of the Finance Documents and, without prejudice to the generality of the foregoing:
(i) any amount referred to in the terms defined in Conditions 7 (Covenants) and 11 (Taxation); and/or
(ii) compliance by the Issuer with the covenants contained in Condition 7 (Covenants); and if so relied upon by the Trustee, the Security Trustee or an Agent:
(A) such Officer's Certificate or any other certificate, notice, document, information or report shall, in absence of manifest error, be conclusive and binding on all the Noteholders; and
(B) the Trustee, the Security Trustee or that Agent (as the case may be) shall not incur any liability by relying on any such Officer's Certificate or any other certificate, notice, document, information or report provided that this subparagraph (B) shall not apply to any liability incurred by the Trustee, the Security Trustee or that Agent (as the case may be) as a direct result of its own gross negligence or fraud.
(b) The Issuer shall provide such certificates, notices, documents, information or report (if any) as may be requested by any of the Trustee, the Security Trustee and Agents in connection with any calculation and determination.