Common Safekeeper. In relation to each Series where the relevant Global Note is in NGN form or the relevant Global Certificate is held under the NSS, the Relevant Issuer hereby authorises and instructs the Issuing and Paying Agent to elect Euroclear or Clearstream Banking as Common Safekeeper. From time to time, the Relevant Issuer and the Agent may agree to vary this election. The Issuers acknowledge that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
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Samples: Agency Agreement, Agency Agreement
Common Safekeeper. In relation to each Series where the relevant Global Note is in NGN form or the relevant Global Certificate is held under the NSS, the Relevant Issuer hereby authorises and instructs the Issuing and Paying Agent to elect both Euroclear or Clearstream Banking and Clearstream, Luxembourg as Common Safekeeper. From time to time, the Relevant Issuer and the Agent may agree to vary this election. The Issuers acknowledge Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
Appears in 1 contract
Samples: Agency Agreement
Common Safekeeper. In relation to each Series where the relevant Global Note is in NGN form or the relevant Global Certificate is held under the NSS, the Relevant each Issuer hereby authorises and instructs the Issuing and Paying Agent to elect Euroclear or Clearstream Banking as Common Safekeeper. From time to time, each of the Relevant Issuer Issuers and the Agent may agree to vary this election. The Issuers acknowledge Each Issuer acknowledges that any such election is subject to the right of Euroclear and Clearstream, Luxembourg to jointly determine that the other shall act as Common Safekeeper in relation to any such issue and agrees that no liability shall attach to the Issuing and Paying Agent in respect of any such election made by it.
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