ACCOUNTS AND PAYMENT. 5.1 The Trustee undertakes that it shall have opened, prior to the Issue Date, and undertakes that it shall, for as long as any Certificates are outstanding, maintain in its name in London, the Transaction Account which account shall be non-interest bearing and operated by the Principal Paying Agent on behalf of the Trustee for the benefit of the Certificateholders.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
ACCOUNTS AND PAYMENT. 5.1 The Trustee undertakes that it shall have opened, prior to the Issue Date, and undertakes that it shall, for as long as any Certificates are outstanding, shall maintain in its name in London, the Transaction Account which account shall be non-interest bearing and operated by the Principal Paying Agent on behalf of the Trustee for the benefit and use of the Certificateholders.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
ACCOUNTS AND PAYMENT. 5.1 The Trustee undertakes that it shall have opened, prior to the Issue Date, and undertakes that it shall, for as long as any Certificates are outstanding, maintain in its name in London, the Transaction Account which account shall be non-interest bearing and operated by the Principal Paying Agent on behalf of the Trustee for the benefit and use of the Certificateholders.
Appears in 1 contract
Samples: Agency Agreement
