Common use of Amendment or Revocation Clause in Contracts

Amendment or Revocation. The Stand-By Account Bank agrees that it shall notify the Bond Trustee as soon as is reasonably practicable and in accordance with Section 12 if it receives any amendment to or revocation of the Stand-By GDA Mandate or the Stand-By Transaction Account Mandate relating to the Guarantor Accounts (other than a change of Authorized Signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) and shall require the prior written consent of the Bond Trustee to any such amendment or revocation (other than a change of Authorized Signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) but, unless such Mandate is revoked, the Stand-By Account Bank may continue to comply with such Mandate (as it may from time to time be amended in accordance with the provisions of this Section 3.2) unless it receives notice in writing from the Bond Trustee to the effect that a Guarantor Acceleration Notice has been served on the Guarantor and shall, thereafter, act solely on the instructions of the Bond Trustee or such person as the Bond Trustee may designate and in accordance with the terms of those instructions as provided in Section 5.3 of this Agreement.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement (BMO Covered Bond Guarantor Limited Partnership)

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Amendment or Revocation. The Stand-By Standby Account Bank agrees that it shall notify the Bond Trustee as soon as is reasonably practicable and in accordance with Section 12 if it receives any amendment to or revocation of the Stand-By Standby GDA Mandate or the Stand-By Standby Transaction Account Mandate relating to the Guarantor Accounts (other than a change of Authorized Signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) and shall require the prior written consent of the Bond Trustee to any such amendment or revocation (other than a change of Authorized Signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) but, unless such Mandate is revoked, the Stand-By Standby Account Bank may continue to comply with such Mandate (as it may from time to time be amended in accordance with the provisions of this Section 3.2) unless it receives notice in writing from the Bond Trustee to the effect that a Guarantor Acceleration Notice has been served on the Guarantor and shall, thereafter, act solely on the instructions of the Bond Trustee or such person as the Bond Trustee may designate and in accordance with the terms of those instructions as provided in Section 5.3 of this Agreement.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Amendment or Revocation. The Stand-By Each of the Standby Account Bank and Standby GIC Provider agrees that it shall notify the Bond Trustee as soon as is reasonably practicable and in accordance with Section Article 12 if it receives any amendment to or revocation of the Stand-By GDA Standby GIC Mandate or the Stand-By Standby Transaction Account Mandate relating to the Guarantor Accounts (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) and shall require the prior written consent of the Bond Trustee to any such amendment or revocation (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) but, unless such Mandate is revoked, the Stand-By Standby Account Bank and Standby GIC Provider may continue to comply with such the relevant Mandate (as it may from time to time be amended in accordance with the provisions of this Section 3.2) unless it receives notice in writing from the Bond Trustee to the effect that a Guarantor Acceleration Notice has been served on the Guarantor and shall, thereafter, act solely on the instructions of the Bond Trustee or such person as the Bond Trustee may designate and in accordance with the terms of those instructions as provided in Section 5.3 of this Agreement.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Amendment or Revocation. The Stand-By Standby Account Bank Depository Institution agrees that it shall notify the Bond Trustee as soon as is reasonably practicable and in accordance with Section 12 if it receives any amendment to to, or revocation of of, the Stand-By GDA Standby GIC Mandate or the Stand-By Standby Transaction Account Mandate relating to the Guarantor Accounts (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) and shall require the prior written consent of the Bond Trustee to any such amendment or revocation (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) but, unless such Mandate is revoked, the Stand-By Standby Account Bank Depository Institution may continue to comply with such Mandate (as it may from time to time be amended in accordance with the provisions of this Section 3.2) unless it receives notice in writing from the Bond Trustee to the effect that a Guarantor Acceleration Notice has been served on the Guarantor and shall, thereafter, act solely on the instructions of the Bond Trustee or such person Person as the Bond Trustee may designate and in accordance with the terms of those instructions as provided in Section 5.3 of this Agreement.

Appears in 1 contract

Samples: Account Agreement

Amendment or Revocation. The Stand-By Each of the Standby Account Bank and Standby GIC Provider agrees that it shall notify the Bond Trustee as soon as is reasonably practicable and in accordance with Section 12 if it receives any amendment to or revocation of the Stand-By GDA Standby GIC Mandate or the Stand-By Standby Transaction Account Mandate relating to the Guarantor Accounts (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) and shall require the prior written consent of the Bond Trustee to any such amendment or revocation (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) but, unless such Mandate is revoked, the Stand-By Standby Account Bank and Standby GIC Provider may continue to comply with such the relevant Mandate (as it may from time to time be amended in accordance with the provisions of this Section 3.2) unless it receives notice in writing from the Bond Trustee to the effect that a Guarantor Acceleration Notice has been served on the Guarantor and shall, thereafter, act solely on the instructions of the Bond Trustee or such person as the Bond Trustee may designate and in accordance with the terms of those instructions as provided in Section 5.3 of this Agreement.

Appears in 1 contract

Samples: Account Agreement

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Amendment or Revocation. The Stand-By Standby Account Bank agrees that it shall will notify the Bond Trustee as soon as is reasonably practicable and in accordance with Section Article 12 (Notices) if it receives any amendment to or revocation of the Stand-By Standby GDA Account Mandate or the Stand-By Standby Transaction Account Mandate relating to the Guarantor Accounts (other than a change of Authorized Signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) and shall will require the prior written consent of the Bond Trustee to any such amendment or revocation (other than a change of Authorized Signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) but, unless such Mandate is revoked, the Stand-By Standby Account Bank may continue to comply with such Mandate (as it may from time to time be amended in accordance with the provisions of this Section 3.2) unless it receives notice in writing from the Bond Trustee to the effect that a Guarantor Acceleration Notice has been served on the Guarantor and shallwill, thereafter, act solely on the instructions of the Bond Trustee or such person as the Bond Trustee may designate and in accordance with the terms of those instructions as provided in Section 5.3 (Consequences of a Guarantor Acceleration Notice) of this Agreement.

Appears in 1 contract

Samples: Bank of Nova Scotia /

Amendment or Revocation. The Stand-By ‌ Each of the Standby Account Bank and Standby GIC Provider agrees that it shall notify the Bond Trustee as soon as is reasonably practicable and in accordance with Section Article 12 if it receives any amendment to or revocation of the Stand-By GDA Standby GIC Mandate or the Stand-By Standby Transaction Account Mandate relating to the Guarantor Accounts (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) and shall require the prior written consent of the Bond Trustee to any such amendment or revocation (other than a change of Authorized Signatoryauthorized signatory, which may be made from time to time by the Guarantor (or the Cash Manager on its behalf)) but, unless such Mandate is revoked, the Stand-By Standby Account Bank and Standby GIC Provider may continue to comply with such the relevant Mandate (as it may from time to time be amended in accordance with the provisions of this Section 3.2) unless it receives notice in writing from the Bond Trustee to the effect that a Guarantor Acceleration Notice has been served on the Guarantor and shall, thereafter, act solely on the instructions of the Bond Trustee or such person as the Bond Trustee may designate and in accordance with the terms of those instructions as provided in Section 5.3 of this Agreement.

Appears in 1 contract

Samples: Account Agreement

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