Calculation Agent. The Issuer reserves the right at any time to vary or terminate the appointment of the Calculation Agent, provided that no termination of appointment of the Calculation Agent shall become effective until a replacement Calculation Agent shall have been appointed. Notice of any termination of appointment of the Calculation Agent will be given to Holders in accordance with Condition 10. In relation to each issue of Warrants, the Calculation Agent (whether it be UniCredit Banca Mobiliare S.p.A. or another entity) acts solely as agent of the Issuer, does not assume any obligation or duty to, or any relationship of agency or trust for or with, the Holders. All calculations and determinations made in respect of the Warrants by the Calculation Agent shall be made in its sole discretion and in good faith and shall (save in the case of manifest error or where the Calculation Agent has acted outside the scope of the calculation agency agreement) be final, conclusive and binding on the Issuer and the Holders. The Calculation Agent may, with the consent of the Issuer, delegate any of its obligations and functions to a third party as it deems appropriate, and any determination or calculation by any such delegate shall be deemed to be a determination or calculation by the Calculation Agent.
Appears in 2 contracts
Sources: Covered Warrant Agreement, Covered Warrant Negotiation