Liability of Repack Cash ManagerNeither the directors, officers, employees or agents of the Repack Cash Manager nor the Repack Cash Manager shall be liable to Repack Noteholders, Repack or any other person under the Repack Cash Management Agreement or under any document delivered pursuant to the Repack Cash Management Agreement, except for fraud, wilful default, bad faith or gross negligence in the performance of its respective duties. The priority with regard to payment of interest and principal in respect of the Repack Notes is set out in the Repack Cash Management Agreement and the Repack Security Deed and Repack Note Conditions 3 (Status, Priority and Repack Security), 6 (Interest), and 7 (Redemption and Cancellation).ĭelegation by the Repack Cash ManagerThe Repack Cash Manager may, in certain circumstances and with prior written notification to Repack, the Repack Note Guarantor and the Repack Trustee, delegate or sub-contract the performance of any of its obligations or duties under the Repack Cash Management Agreement. Examples of Repack Cash Management Agreement in a sentence
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