Common use of NOW THIS DEED WITNESSES as follows Clause in Contracts

NOW THIS DEED WITNESSES as follows. 1. If at any time the bearer of the Bearer Global Note and the registered holder of the Registered Global Note, as may be applicable, ceases to have rights under it in accordance with its terms, the Relevant Issuer covenants with each Relevant Account Holder (other than any Relevant Account Holder which is an account holder of any other Relevant Clearing System) that each Relevant Account Holder shall automatically acquire at the Relevant Time, without the need for any further action on behalf of any person, against the Relevant Issuer all those rights which the Relevant Account Holder would have had if at the Relevant Time it held and beneficially owned executed and authenticated Definitive Notes in respect of each Underlying Note represented by the Global Note which the Relevant Account Holder has credited to its securities account with the Relevant Clearing System at the Relevant Time. Each Issuer's obligation under this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuers agree that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

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NOW THIS DEED WITNESSES as follows. 1. If at any time the bearer of the Bearer Global Note and the registered holder of the Registered Global Note, as may be applicable, ceases to have rights under it in accordance with its terms, terms the Relevant relevant Issuer covenants with each Relevant Account Holder (other than any Relevant Account Holder Clearing System which is an account holder of any other Relevant Clearing System) that each Relevant Account Holder shall automatically acquire at the Relevant Time, without the need for any further action on behalf of any person, against the Relevant relevant Issuer all those rights which the Relevant Account Holder would have had if at the Relevant Time it held and beneficially owned executed and authenticated Definitive Notes in bearer form or was the registered holder of Registered Notes in definitive form in respect of each Underlying Note represented by the Global Note which the Relevant Account Holder has credited to its securities account with the Relevant Clearing System at the Relevant Time. Each The relevant Issuer's obligation under this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuers agree Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

Appears in 2 contracts

Samples: Agency Agreement, www.commbank.com.au

NOW THIS DEED WITNESSES as follows. 1. If at any time the bearer of the Bearer Global Note and the registered holder of the Registered Global Note, as may be applicable, ceases to have rights under it in accordance with its termsthe terms thereof, the Relevant Issuer hereby undertakes and covenants with each Relevant Account Holder (other than when any Relevant Account Holder which Clearing System is an account holder of any other Relevant Clearing System) that each Relevant Account Holder shall automatically acquire at the Relevant Time, without the need for any further action on behalf of any person, against the Relevant relevant Issuer all those rights which the such Relevant Account Holder would have had if at the Relevant Time it held and beneficially owned duly executed and authenticated Definitive Notes Note(s) and Coupons (if appropriate) in respect of each Underlying Note represented by the such Global Note which the such Relevant Account Holder has credited to its securities account with the Relevant Clearing System at the Relevant Time. Each The Issuer's obligation under pursuant to this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuers agree Issuer agrees that a Relevant Account Holder may assign its rights under this Deed hereunder in whole or in part.

Appears in 1 contract

Samples: Agency Agreement

NOW THIS DEED WITNESSES as follows. 1. If at any time the bearer of the Bearer Global Note and or the registered holder of the Registered Global Note, as may be applicable, Note ceases to have rights under it in accordance with its terms, the Relevant Issuer covenants with each Relevant Account Holder (other than any Relevant Account Holder Clearing System which is an account holder of any other Relevant Clearing System) that each Relevant Account Holder shall automatically acquire at the Relevant Time, without the need for any further action on behalf of any person, against the Relevant Issuer all those rights which the Relevant Account Holder would have had if at the Relevant Time it held and beneficially owned executed and authenticated Definitive Notes in respect of each Underlying Note represented by the Global Note which the Relevant Account Holder has credited to its securities account with the Relevant Clearing System at the Relevant Time. Each The Issuer's obligation under this clause 1 shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuers agree Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

Appears in 1 contract

Samples: Version Agency Agreement

NOW THIS DEED WITNESSES as follows. 1. If at any time the bearer of the Bearer Global Note and the registered holder of the Registered Global Note, as may be applicable, Note ceases to have rights under it in accordance with its terms, the Relevant relevant Issuer covenants with each Relevant Account Holder (other than any Relevant Account Holder Clearing System which is an account holder of any other Relevant Clearing System) that each Relevant Account Holder shall automatically acquire at the Relevant Time, without the need for any further action on behalf of any person, against the Relevant relevant Issuer all those rights which the Relevant Account Holder would have had if at the Relevant Time it held and beneficially owned executed and authenticated Definitive Notes in respect of each Underlying Note represented by the Global Note which the Relevant Account Holder has credited to its securities account with the Relevant Clearing System at the Relevant Time. Each The relevant Issuer's obligation under this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuers agree relevant Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

Appears in 1 contract

Samples: Agency Agreement

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NOW THIS DEED WITNESSES as follows. 1. If at any time the bearer of the Bearer Global Note and the registered holder of the Registered Global Note, as may be applicable, ceases to have rights under it becomes void in accordance with its terms, terms the Relevant relevant Issuer covenants with each Relevant Account Holder (other than any Relevant Account Holder which is an account holder of any other Relevant Clearing System) that each Relevant Account Holder shall automatically acquire at the Relevant TimeTime (as defined in the Global Note), without the need for any further action on behalf of any person, against the Relevant relevant Issuer all those rights which the Relevant Account Holder would have had if at the Relevant Time it held and beneficially owned executed and authenticated Definitive Notes in respect of each Underlying Note represented by the Global Note which the Relevant Account Holder has credited to its securities account with the Relevant Clearing System at the Relevant Time. Each The relevant Issuer's obligation under this clause 1 shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuers agree relevant Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part. For the avoidance of doubt the obligations of the relevant Issuer hereunder are without prejudice to the provisions of Condition 5.

Appears in 1 contract

Samples: Agency Agreement

NOW THIS DEED WITNESSES as follows. 1. If at any time the bearer of the Bearer Global Note and the registered holder of the Registered Global Note, as may be applicable, Note ceases to have rights under it in accordance with its terms, the Relevant Issuer covenants with each Relevant Account Holder (other than any Relevant Account Holder Clearing System which is an account holder of any other Relevant Clearing System) that each Relevant Account Holder shall automatically acquire at the Relevant Time, without the need for any further action on behalf of any person, against the Relevant Issuer all those rights which the Relevant Account Holder would have had if at the Relevant Time it held and beneficially owned executed and authenticated Definitive Notes in respect of each Underlying Note represented by the Global Note which the Relevant Account Holder Xxxxxx has credited to its securities account with the Relevant Clearing System at the Relevant Time. Each The Issuer's obligation under this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuers agree Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

Appears in 1 contract

Samples: Agency Agreement

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