Examples of Realisation Agent in a sentence
The Realisation Agent and the Determination Agent may not resign its duties without a successor having been appointed as aforesaid.
If the Realisation Agent or the Determination Agent is unable or unwilling to act as such, the Issuer shall, with the prior written consent of the Trustee, appoint the London office of a leading international investment bank to act as such in its place.
Any determination made by the Realisation Agent and/or the Determination Agent pursuant to this Paragraph 25 shall (in the absence of manifest error) be final and binding upon all parties.
Where the Custodian is unable to pay interest on any Custody Cash Account at the aforementioned rate, it shall promptly notify the Issuer, the Trustee, the Principal Paying Agent, the Realisation Agent and the Swap Counterparty.
Seller shall not have any liability to Buyer or any other person for the price, timing or any other terms of such sale or if (for any reason whatsoever) the Realisation Agent is unable to sell all or any of the Charged Assets.
Upon receipt by the Realisation Agent of a Realisation Instruction from Seller, the Realisation Agent is deemed to be instructed by Seller to arrange for and administer the sale of the Charged Assets (other than any Charged Assets which comprise cash) in accordance with the Conditions.
The notice so given by the Issuer to the Realisation Agent is referred to as the “Realisation Instruction”.
The Realisation Agent shall procure (and is so instructed by the Issuer) the sale proceeds of such Charged Assets to be credited, for value on or before the expiry of the Realisation Period, to the account of the Principal Paying Agent, for application in or towards discharge of the Issuer’s obligations under the Notes.
Upon receipt by the Realisation Agent of a Realisation Instruction from the Issuer, the Realisation Agent is deemed to be instructed by the Issuer to arrange for and administer the sale of the Charged Assets (other than any Charged Assets which comprise cash) in accordance with Condition 4(c) ( Realisation of the Collateral upon redemption pursuant to Conditions 7(e), 7(g) or 9).
The Charged Assets Realisation Agent shall not be responsible or liable for any failure to sell or realise the Charged Assets or any delay in doing so nor for any loss suffered or incurred by any person as a result of their sale or other means of realisation.