Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each New Master Issuer Secured Creditor: (a) confirms that as from 25 January 2012, it intends to be a party to the Master Issuer Deed of Charge as a Master Issuer Secured Creditor; (b) undertakes to comply with and be bound by all of the provisions of the Master Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto; (c) undertakes to perform, comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out of the Master Issuer Transaction Accounts Upon Enforcement); and (d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge. 3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge. 3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 2 contracts
Samples: Accession Deed, Accession Deed
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 2012[date], it intends to be a party to the Master Issuer Deed of Charge as a Master Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out of the Master Issuer Transaction Accounts Upon Enforcement); and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 2 contracts
Samples: Master Issuer Deed of Charge (Holmes Funding LTD), Master Issuer Deed of Charge (Holmes Master Issuer)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from form the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 2012[o], it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Issuer Definitions Schedule as amended and restated by (and appearing as Appendix 1 to) the Master Definitions and Construction Schedule [o]th Deed of Amendment (as the same may have been and may be amended, varied or restated supplemented from time to time) and the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto;.
(c) undertakes to perform, comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 (New Master [relevant clauses relating to Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out Priority of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out of the Master Issuer Transaction Accounts Upon Enforcement)Payment]; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 2 contracts
Samples: Issuer Deed of Charge (Granite Finance Trustees LTD), Issuer Deed of Charge (Granite Finance Funding 2 LTD)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 2012[date], it intends to be a party to the Master Issuer Deed of Charge as a Master Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto;; Back to Contents
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out of the Master Issuer Transaction Accounts Upon Enforcement); and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors being accepted as a Master Issuer Secured Creditor Creditors for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each of the New Master Issuer Secured CreditorCreditors:
(a) confirms that as from 25 January the 2012-1 Closing Date, it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Definitions and Construction Schedule and the Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated restated, varied, supplemented and/or novated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 4.6 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Samples: Supplemental Issuer Deed of Charge
Accession. 3.1 In consideration of each of the Current Issuer New Master Issuer Funding Secured Creditors being accepted as a Master Issuer Funding Secured Creditor Creditors for the purposes of the Master Issuer Funding Deed of Charge by the parties thereto as from the date of this Deed, each of the Current Issuer New Master Issuer Funding Secured CreditorCreditors:
(a) confirms that as from 25 January 2012the date of this Deed, it will become and intends to be a party to the Master Issuer Funding Deed of Charge as a Master Issuer Funding Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Definitions Schedule and the Current Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated from time to time) and the Master Issuer Funding Deed of Charge in its capacity as a Master Issuer Funding Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, comply with and be bound by all of the provisions of the Master Issuer Funding Deed of Charge in its capacity as a Master Issuer Funding Secured Creditor, as if it had been an original party thereto as provided in including, without limitation, Clause 4.5 20.3 (New Master Issuer Funding Secured Creditors) ), Clause 8.3 (including without limitation Clauses 6 Funding Post-Enforcement Priority of Payments), Clause 8.6 (Payments out of the Master Issuer Transaction Accounts Prior to Security Trustee Rights upon Enforcement) and 7 Clause 6 (Payments out Restrictions on Exercise of the Master Issuer Transaction Accounts Upon EnforcementCertain Rights); and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Funding Deed of Charge for all Master Issuer Funding Secured Creditors upon and subject to the terms set out in the Master Issuer Funding Deed of Charge.
3.2 In consideration The Current Issuer Note Trustee:
(a) confirms that as of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for becomes and intends to be party to the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Funding Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers ; and
(b) agrees to comply with and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled be bound by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Funding Deed of Charge relating to the Note Trustee and agrees that all references to the Note Trustee in the Funding Deed of Charge and this Deed shall be construed as including the note trustee under the Current Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Current Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of ChargeTrust Deed.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Samples: Issuer Deed of Accession (Granite Finance Trustees LTD)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 2012[date], it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Definitions and Construction Schedule and the Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated restated, varied, supplemented and/or novated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 4.6 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Samples: Supplemental Issuer Deed of Charge
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors each being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 201229 November, 2006, it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of by:
(i) the provisions of the Master Issuer Programme Master Definitions Schedule signed for the purposes of identification by Sidley Austin Brown & Wood and Construction Allen & Overy LLP on 19 Xxxxxxx 0005; xxx
(ii) the Xxxxxr Master Definitions Schedule signed for the purposes of identification by Sidley Austin Brown & Wood and Allen & Overy LLP on 19 Xxxxxxx 0005, (as the same hxxx xeen and may be amended, varied or restated supplemented from time to time) time with the consent of the parties hereto); and confirms that the Issuer Master Issuer Deed of Charge in its capacity as a Definitions Schedule specified above shall prevail to the extent that it conflicts with the Programme Master Issuer Secured Creditor, as if it had been an original party theretoDefinitions Schedule;
(c) undertakes to perform, comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto including, without limitation, as provided in Clause 4.5 5 (New Master Restrictions on Exercise of Certain Rights), Clause 7.3 (Issuer Post-Enforcement Priority of Payments), Clause 7.6 (Issuer Security Trustee Rights upon Enforcement), Clause 19.3 (Issuer Secured Creditors) and Schedule 2 (including without limitation Clauses 6 (Payments out Issuer Priority of Payments) of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Samples: Issuer Deed of Accession (Granite Finance Trustees LTD)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors each being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 201223 May, 2007, it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of by:
(i) the provisions of the Master Issuer Programme Master Definitions Schedule signed for the purposes of identification by Sidley Austin Brown & Wood and Construction Allen & Overy LLP on 19 Xxxxxxx 0005; xxx
(ii) the Xxxxxr Master Definitions Schedule signed for the purposes of identification by Sidley Austin Brown & Wood and Allen & Overy LLP on 19 Xxxxxxx 0005, (as the same have been and may be amended, varied or restated supplemented from time to time) time with the consent of the parties hereto); and confirms that the Issuer Master Issuer Deed of Charge in its capacity as a Definitions Schedule specified above shall prevail to the extent that it conflicts with the Programme Master Issuer Secured Creditor, as if it had been an original party theretoDefinitions Schedule;
(c) undertakes to perform, comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto including, without limitation, as provided in Clause 4.5 5 (New Master Restrictions on Exercise of Certain Rights), Clause 7.3 (Issuer Post-Enforcement Priority of Payments), Clause 7.6 (Issuer Security Trustee Rights upon Enforcement), Clause 19.3 (Issuer Secured Creditors) and Schedule 2 (including without limitation Clauses 6 (Payments out Issuer Priority of Payments) of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Samples: Issuer Deed of Accession (Granite Finance Trustees LTD)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 201219 September, 2006, it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by:
(i) the Programme Master Definitions Schedule signed for the purposes of identification by all of Sidley Xxxxxx Xxxxx & Xxxx and Xxxxx & Overy LLP on 19 January 2005; and
(ii) the provisions of the Master Issuer Master Definitions Schedule signed for the purposes of identification by Sidley Xxxxxx Xxxxx & Xxxx and Construction Schedule Xxxxx & Overy LLP on 19 January 2005, (as the same have been and may be amended, varied or restated supplemented from time to time) time with the consent of the parties hereto); and confirms that the Issuer Master Issuer Deed of Charge in its capacity as a Definitions Schedule specified above shall prevail to the extent that it conflicts with the Programme Master Issuer Secured Creditor, as if it had been an original party theretoDefinitions Schedule;
(c) undertakes to perform, comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto including, without limitation, as provided in Clause 4.5 5 (New Master Restrictions on Exercise of Certain Rights), Clause 7.3 (Issuer Post-Enforcement Priority of Payments), Clause 7.6 (Issuer Security Trustee Rights upon Enforcement), Clause 19.3 (Issuer Secured Creditors) and Schedule 2 (including without limitation Clauses 6 (Payments out Issuer Priority of Payments) of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Samples: Issuer Deed of Accession (Granite Finance Trustees LTD)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 201224 May, 2006, it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of by:
(i) the provisions of the Master Issuer Programme Master Definitions Schedule signed for the purposes of identification by Sidley Austin Brown & Wood and Construction Allen & Overy LLP on 19 Xxxxxxx 0005; xxx
(ii) the Xxxxxr Master Definitions Schedule signed for the purposes of identification by Sidley Austin Brown & Wood and Allen & Overy LLP on 19 Xxxxxxx 0005, (as the same have been and may be amended, varied or restated supplemented from time to time) time with the consent of the parties hereto); and confirms that the Issuer Master Issuer Deed of Charge in its capacity as a Definitions Schedule specified above shall prevail to the extent that it conflicts with the Programme Master Issuer Secured Creditor, as if it had been an original party theretoDefinitions Schedule;
(c) undertakes to perform, comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto including, without limitation, as provided in Clause 4.5 5 (New Master Restrictions on Exercise of Certain Rights), Clause 7.3 (Issuer Post-Enforcement Priority of Payments), Clause 7.6 (Issuer Security Trustee Rights upon Enforcement), Clause 19.3 (Issuer Secured Creditors) and Schedule 2 (including without limitation Clauses 6 (Payments out Issuer Priority of Payments) of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
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Samples: Issuer Deed of Accession (Granite Finance Trustees LTD)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 2012[date], it intends to be a party to the Master Issuer Deed of Charge as a Master Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Issuer Master Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to EnforcementAcceleration) and 7 (Payments out of the Master Issuer Transaction Accounts Upon EnforcementAcceleration); and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
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Samples: Master Issuer Deed of Charge (Permanent Funding (No. 2) LTD)
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto Charge, as from the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that that, as from 25 January 20126 December 2011, it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) confirms that it has acceded to the Issuer Master Definitions and Construction Schedule and undertakes to comply with and be bound by all of the provisions of each of the Master Definitions and Construction Schedule and the Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated restated, varied, supplemented and/or novated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 4.6 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of security trustee under the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Samples: Deed of Accession
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 201220 June 2007, it intends to be a party to the Master Issuer Deed of Charge as a Master Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 (New Master Issuer Secured Creditors) (including including, without limitation limitation, Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out of the Master Issuer Transaction Accounts Upon Enforcement)); and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
Appears in 1 contract
Accession. 3.1 In consideration of each of the New Master Issuer Secured Creditors Creditor being accepted as a Master an Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, each the New Master Issuer Secured Creditor:
(a) confirms that as from 25 January 2012[date], it intends to be a party to the Master Issuer Deed of Charge as a Master an Issuer Secured Creditor;
(b) undertakes to comply with and be bound by all of the provisions of the Master Definitions and Construction Schedule and the Issuer Master Definitions and Construction Schedule (as the same may be amended, varied or restated restated, varied, supplemented and/or novated from time to time) and the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto;
(c) undertakes to perform, perform comply with and be bound by all of the provisions of the Master Issuer Deed of Charge in its capacity as a Master an Issuer Secured Creditor, as if it had been an original party thereto as provided in Clause 4.5 clause 4.6 (New Master Issuer Secured Creditors) (including without limitation Clauses 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) and 7 (Payments out Deed of the Master Issuer Transaction Accounts Upon Enforcement)Charge; and
(d) agrees that the Master Issuer Security Trustee shall be the Master Issuer Security Trustee of the Master Issuer Deed of Charge for all Master Issuer Secured Creditors upon and subject to the terms set out in the Master Issuer Deed of Charge.
3.2 In consideration of Natixis only being accepted as a Master Issuer Secured Creditor for the purposes of the Master Issuer Deed of Charge by the parties thereto as from the date of this Deed, Natixis, without double counting in respect of any amounts held by it as trustee for the Master Issuer Security Trustee pursuant to Clause 5.5 (Amounts received by Master Issuer Secured Creditors) of the Master Issuer Deed of Charge, in respect of the 2012 Series 1 Class A3 Notes, transfers and assigns to the Master Issuer Security Trustee any future right it may have to receive any amount equal to the difference between: (i) the amounts in respect of the Master Issuer Secured Liabilities (and the proceeds thereof) to which it is entitled by virtue of an order by any court located in a jurisdiction other than England providing for payment of such amounts to it; and (ii) the amount that it would have received had it been paid in accordance with the provisions of the Master Issuer Deed of Charge (such future rights, hereinafter the Assigned Rights), and any such amount received by the Master Issuer Security Trustee shall be applied in accordance with the provisions of the Master Issuer Deed of Charge.
3.3 This Deed constitutes irrevocable notice in writing to the Master Issuer and Natixis of the assignment of the Assigned Rights and the Master Issuer and Natixis acknowledge and consent to such assignment.
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Samples: Supplemental Issuer Deed of Charge