DBTCA. hereby accepts its appointment as successor Trustee, Paying Agent and Registrar under the Indenture and accepts the trust created thereby, and assumes all rights, powers, duties and obligations of the Trustee, Paying Agent and Registrar under the Indenture. DBTCA will perform said trust and will exercise said rights, powers, duties, and obligations upon the terms and conditions set forth in the Indenture. DBTCA shall, at the direction and expense of the Issuers, mail the Notice to the security holders in accordance with the provisions of Section 106 and Section 607(e) of the Indenture, as soon as practicable following the execution of this Agreement, but in no event later than January 10, 2003.
Appears in 2 contracts
Sources: Instrument of Resignation, Appointment and Acceptance (Nortel Networks Corp), Instrument of Resignation, Appointment and Acceptance (Nortel Networks LTD)