Common use of COVENANT OF COMPLIANCE Clause in Contracts

COVENANT OF COMPLIANCE. EACH of the Issuers and the Guarantor covenants with the Trustee that it will comply with and perform and observe all the provisions of these presents which are expressed to be binding on it. The Notes, the Receipts and the Coupons shall be held subject to the provisions contained in these presents and the Conditions shall be binding on the Issuers, the Guarantor, the Noteholders, the Receiptholders and the Couponholders and all persons claiming through or under them. The Trustee shall be entitled to enforce the obligations of the Issuers and the Guarantor under the Notes, the Receipts and the Coupons (but, in the case of Book Entry Notes, only to the extent that such obligations are contained in these presents) as if the same were set out and contained in the trust deeds constituting the same, which shall be read and construed as one document with the Notes, the Receipts and the Coupons. The Trustee shall hold the benefit of this covenant upon trust for itself and the Noteholders, the Receiptholders and the Couponholders according to its and their respective interests.

Appears in 2 contracts

Samples: Portugal Telecom SGPS Sa, PT Portugal, SGPS, S.A.

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COVENANT OF COMPLIANCE. EACH of the Issuers and the Guarantor PTC covenants with the Trustee that it will comply with and perform and observe all the provisions of these presents which are expressed to be binding on it. The Notes, the Receipts and the Coupons shall be held subject to the provisions contained in these presents and the Conditions shall be binding on the Issuers, the GuarantorPTC, the Noteholders, the Receiptholders and the Couponholders and all persons claiming through or under them. The Trustee shall be entitled to enforce the obligations of the Issuers and the Guarantor PTC under the Notes, the Receipts and the Coupons (but, in the case of Book Entry Notes, only to the extent that such obligations are contained in these presents) as if the same were set out and contained in the trust deeds constituting the same, which shall be read and construed as one document with the Notes, the Receipts and the Coupons. The Trustee shall hold the benefit of this covenant upon trust for itself and the Noteholders, the Receiptholders and the Couponholders according to its and their respective interests.

Appears in 1 contract

Samples: Seventh Supplemental Trust (Portugal Telecom SGPS Sa)

COVENANT OF COMPLIANCE. EACH of the Issuers Each Issuer and the each Guarantor hereby undertakes to and covenants with the Trustee that so long as any ECN remains outstanding, it will comply will, save with and perform and the approval of an Extraordinary Resolution or with the approval of the Trustee where, in the Trustee's opinion, it is not materially prejudicial to the interests of the ECN Holders to give such approval, observe all its obligations under the provisions of these presents which are expressed Conditions and this Trust Deed (including but not limited to be binding on itthose undertakings and covenants set out in Clause 8 above). The Notes, the Receipts and the Coupons shall be held subject to the provisions contained in these presents and the Conditions shall be binding on the Issuersrelevant Issuer, the Guarantor, the Noteholders, the Receiptholders ECN Holders and the Couponholders and all persons claiming through or under themCouponholders. The Trustee shall be entitled to enforce the obligations of the Issuers relevant Issuer and the Guarantor under the Notes, the Receipts ECNs and the Coupons (but, in the case of Book Entry Notes, only to the extent that such obligations are contained in these presents) as if the same were set out and contained in the trust deeds constituting the same, which shall be read and construed as one document with the Notes, the Receipts ECNs and the Coupons. The Trustee shall will hold the benefit of this covenant upon trust for itself and the Noteholders, the Receiptholders ECN Holders and the Couponholders according to its and their respective interests.

Appears in 1 contract

Samples: Lloyds Banking Group PLC

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COVENANT OF COMPLIANCE. EACH of THE relevant Issuer and (where the Issuers and the Guarantor relevant Issuer is TI Finance) Telecom Italia covenants with the Trustee that it will comply with and perform and observe all the provisions of these presents which are expressed to be binding on it. The Notes, the Receipts and the Coupons shall be held subject to the provisions contained in these presents and the Conditions shall be binding on the Issuersrelevant Issuer, Telecom Italia (where the relevant Issuer is TI Finance), the GuarantorTrustee, the Noteholders, the Receiptholders and the Couponholders and all persons claiming through or under them. The Trustee shall be entitled to enforce the obligations of the Issuers relevant Issuer and (where the Guarantor relevant Issuer is TI Finance) Telecom Italia under the Notes, the Receipts Receipts, the Coupons and the Coupons (but, Conditions in the case of Book Entry Notes, only to the extent that such obligations are contained in these presents) manner therein provided as if the same were set out and contained in the trust deeds constituting the samethis Trust Deed, which shall be read and construed as one document with the Notes, the Receipts and the Coupons. The Trustee shall hold the benefit of this covenant upon trust for itself and the Noteholders, the Receiptholders and the Couponholders according to its and their respective interests.

Appears in 1 contract

Samples: Trust (Telecom Italia S P A)

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