Common use of Action Upon Enforcement Clause in Contracts

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 2020-1 (A3) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 2020-1 (A3) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 2020-1 (A3) Secured Creditors may enforce its rights in respect of the Series 2020-1 (A3) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 2020-1 (A3) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 2020-1 (A3) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 2020-1 (A3) Secured Property or enforcement of the security interest in respect of Series 2020-1 (A3) in accordance with the priorities set out in Condition 4(b).

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 20202023-1 2 (A3A1) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 20202023-1 2 (A3A1) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 20202023-1 2 (A3A1) Secured Creditors may enforce its rights in respect of the Series 20202023-1 2 (A3A1) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 20202023-1 2 (A3A1) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 20202023-1 2 (A3A1) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 20202023-1 2 (A3A1) Secured Property or enforcement of the security interest in respect of Series 20202023-1 2 (A3A1) in accordance with the priorities set out in Condition 4(b).4(b).‌

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 20202023-1 (A3) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 20202023-1 (A3) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 20202023-1 (A3) Secured Creditors may enforce its rights in respect of the Series 20202023-1 (A3) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 20202023-1 (A3) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 20202023-1 (A3) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 20202023-1 (A3) Secured Property or enforcement of the security interest in respect of Series 20202023-1 (A3) in accordance with the priorities set out in Condition 4(b).

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 20202023-1 2 (A3A2) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 20202023-1 2 (A3A2) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 20202023-1 2 (A3A2) Secured Creditors may enforce its rights in respect of the Series 20202023-1 2 (A3A2) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 20202023-1 2 (A3A2) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 20202023-1 2 (A3A2) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 20202023-1 2 (A3A2) Secured Property or enforcement of the security interest in respect of Series 20202023-1 2 (A3A2) in accordance with the priorities set out in Condition 4(b).4(b).‌

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 2020-1 (A3A4) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 2020-1 (A3A4) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 2020-1 (A3A4) Secured Creditors may enforce its rights in respect of the Series 2020-1 (A3A4) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 2020-1 (A3A4) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 2020-1 (A3A4) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 2020-1 (A3A4) Secured Property or enforcement of the security interest in respect of Series 2020-1 (A3A4) in accordance with the priorities set out in Condition 4(b).

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 20202023-1 (A3A1) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 20202023-1 (A3A1) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 20202023-1 (A3A1) Secured Creditors may enforce its rights in respect of the Series 20202023-1 (A3A1) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 20202023-1 (A3A1) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 20202023-1 (A3A1) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 20202023-1 (A3A1) Secured Property or enforcement of the security interest in respect of Series 20202023-1 (A3A1) in accordance with the priorities set out in Condition 4(b).

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 2020-1 (A3A1) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 2020-1 (A3A1) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 2020-1 (A3A1) Secured Creditors may enforce its rights in respect of the Series 2020-1 (A3A1) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 2020-1 (A3A1) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 2020-1 (A3A1) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 2020-1 (A3A1) Secured Property or enforcement of the security interest in respect of Series 2020-1 (A3A1) in accordance with the priorities set out in Condition 4(b).

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 20202023-1 (A3A2) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 20202023-1 (A3A2) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 20202023-1 (A3A2) Secured Creditors may enforce its rights in respect of the Series 20202023-1 (A3A2) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 20202023-1 (A3A2) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 20202023-1 (A3A2) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 20202023-1 (A3A2) Secured Property or enforcement of the security interest in respect of Series 20202023-1 (A3A2) in accordance with the priorities set out in Condition 4(b).

Action Upon Enforcement. Without limitation of the Note Trustee's rights and powers under the Note Trust Deed including, without limitation, Clause 7 (Provisions Relating to Receiver) and Clause 12 (Enforcement) of the Note Trust Deed, from and including the time when an Event of Default has occurred (which has not been waived by the Note Trustee or remedied to its satisfaction) and the Series 2020-1 (A3A2) Notes shall have become due and repayable in accordance with the Conditions: (a) the Series 2020-1 (A3A2) Security created pursuant to this Note Trust Deed Supplement shall become enforceable and the Note Trustee on behalf of the Series 2020-1 (A3A2) Secured Creditors may enforce its rights in respect of the Series 2020-1 (A3A2) Secured Property, including the appointment of a Receiver pursuant to Clause 7 (Provisions Relating to Receiver) of the Note Trust Deed; (b) subject to Clause 12.4 below, no amount standing to the credit of the Series 2020-1 (A3A2) Charged Accounts in which the Issuer may at any time acquire a Benefit in respect of Series 2020-1 (A3A2) may be withdrawn therefrom without the prior written consent of the Note Trustee; and (c) the Note Trustee shall hold and apply all monies received by it under the Note Trust Deed and this Note Trust Deed Supplement in connection with the realisation of the Series 2020-1 (A3A2) Secured Property or enforcement of the security interest in respect of Series 2020-1 (A3A2) in accordance with the priorities set out in Condition 4(b).