Common use of Changes in Agents Clause in Contracts

Changes in Agents. 12.1 Any Agent in its capacity as such may be removed at any time by the giving to it of at least 30 days’ written notice to that effect signed on behalf of the Issuer specifying the date on which such removal shall become effective. Any Agent may at any time resign by giving at least 90 days’ written notice (unless the Issuer agrees to accept less notice) to that effect to the Issuer specifying the date on which such resignation shall become effective. Notwithstanding the foregoing, no such resignation or removal shall take effect within 30 days before or after any payment date and, in the case of the resignation or removal of any Agent, as the case may be, shall not take effect until a successor Agent has been appointed by the Issuer as hereinafter provided, and such successor Agent has accepted such appointment. Any change in any Agent shall be notified by the Issuer to the other Agents. The Issuer agrees with each Agent that if by the day falling 10 days before the expiry of any notice, the Issuer has not appointed a successor Agent, the relevant Agent shall be entitled on behalf of the Issuer to appoint as a successor Agent in its place a reputable financial institution.

Appears in 2 contracts

Samples: Fiscal Agency Agreement (KFW International Finance Inc), Fiscal Agency Agreement (KfW)

AutoNDA by SimpleDocs

Changes in Agents. 12.1 10.1 Any Registrar or Paying Agent in its capacity as such may be removed at any time by the giving to it of at least 30 days’ written notice to that effect signed on behalf of the Issuer specifying the date on which such removal shall become effective. Any Registrar or Paying Agent may at any time resign by giving at least 90 days’ written notice (unless the Issuer agrees to accept less notice) to that effect to the Issuer specifying the date on which such resignation shall become effective. Notwithstanding the foregoing, no such resignation or removal shall take effect within 30 days before or after any payment date and, in the case of the resignation or removal of any Registrar or Paying Agent, as the case may be, shall not take effect until a successor Agent new Registrar or Paying Agent, as the case may be, has been appointed by the Issuer as hereinafter provided, and such successor Agent has accepted such appointment. Any change in any Agent shall be notified by the Issuer to the other Agents. The Issuer agrees with each Agent that if by the day falling 10 days before the expiry of any notice, the Issuer has not appointed a successor Agent, the relevant Agent shall be entitled on behalf of the Issuer to appoint as a successor Agent in its place a reputable financial institution.

Appears in 2 contracts

Samples: Agreement (KFW International Finance Inc), Agency Agreement (KfW)

Changes in Agents. 12.1 15.1 Any Agent in its capacity as such may be removed at any time by the giving to it of at least 30 days’ written notice to that effect signed on behalf of the Issuer specifying the date on which such removal shall become effective. Any Agent may at any time resign by giving at least 90 days’ written notice (unless the Issuer agrees to accept less notice) to that effect to the Issuer specifying the date on which such resignation shall become effective. Notwithstanding the foregoing, no such resignation or removal shall take effect within 30 days before or after any payment date and, in the case of the resignation or removal of any Agent, as the case may be, shall not take effect until a successor Agent Agent, has been appointed by the Issuer as hereinafter provided, and such successor Agent has accepted such appointment. Any change in any Agent shall be notified by the Issuer to the other Agents. The Issuer agrees with each Agent that if by the day falling 10 days before the expiry of any notice, the Issuer has not appointed a successor Agent, the relevant Agent shall be entitled on behalf of the Issuer to appoint as a successor Agent in its place a reputable financial institution.

Appears in 1 contract

Samples: Agency Agreement (KFW International Finance Inc)

AutoNDA by SimpleDocs

Changes in Agents. 12.1 10.1 Any Registrar or Paying Agent in its capacity as such may be removed at any time by the giving to it of at least 30 days' written notice to that effect signed on behalf of the Issuer specifying the date on which such removal shall become effective. Any Registrar or Paying Agent may at any time resign by giving at least 90 days' written notice (unless the Issuer agrees to accept less notice) to that effect to the Issuer specifying the date on which such resignation shall become effective. Notwithstanding the foregoing, no such resignation or removal shall take effect within 30 days before or after any payment date and, in the case of the resignation or removal of any Registrar or Paying Agent, as the case may be, shall not take effect until a successor Agent new Registrar or Paying Agent, as the case may be, has been appointed by the Issuer as hereinafter provided, and such successor Agent has accepted such appointment. Any change in any Agent shall be notified by the Issuer to the other Agents. The Issuer agrees with each Agent that if by the day falling 10 days before the expiry of any notice, the Issuer has not appointed a successor Agent, the relevant Agent shall be entitled on behalf of the Issuer to appoint as a successor Agent in its place a reputable financial institution.

Appears in 1 contract

Samples: Agency Agreement (KFW International Finance Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.