RBS plc definition
Examples of RBS plc in a sentence
Each of the Lenders, the Swing Line Lender and the Issuing Bank hereby irrevocably appoints RBS plc as its agent hereunder and under the other Loan Documents and authorizes each of Administrative Agent and Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to Administrative Agent and Collateral Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.
As of the Closing Date, neither RBSS, in its capacity as Syndication Agent, RBS plc in its capacity as Documentation Agent nor RBSS, in its capacity as Lead Arranger, shall have any obligation, but shall be entitled to all benefits of this Article Nine.
Any resignation of Administrative Agent pursuant to this Section shall also constitute the resignation of RBS plc or its successor as Swing Line Lender, and any successor Administrative Agent appointed pursuant to this Section shall, upon its acceptance of such appointment, become the successor Swing Line Lender for all purposes hereunder.
RBS plc is hereby appointed Administrative Agent, Collateral Agent and Documentation Agent hereunder, and each Lender hereby authorizes Administrative Agent, Collateral Agent and Documentation Agent to act as its agent in accordance with the terms hereof and the other Loan Documents.
Where borrowing and interest rate hedging and/or foreign currency exchange hedging arrangements are to be secured, it is necessary for us to share that security between RBS plc as provider of lending and other commercial banking arrangements and NatWest Markets plc as provider of hedging arrangements.
Once shared security is in place, it may be used to secure future facilities or ▇▇▇▇▇▇ agreed with RBS plc and NatWest Markets plc respectively.
As far as possible, we have sought to replicate the historic arrangement whereby facilities and ▇▇▇▇▇▇ were provided by RBS plc and were subject to security which covered all a customer’s obligations to the bank.
Going forward RBS plc will be referred to as the “Security Agent” in security documents as it will administer the security both for itself and for NatWest Markets plc.
In order to minimise the impact on our customers, we have developed security sharing principles between RBS plc and NatWest Markets plc that are based on standard market practice, sharing the security pro rata with the level of facilities or ▇▇▇▇▇▇ that each entity is providing to you.