Common use of Actions in respect of the Collateral Clause in Contracts

Actions in respect of the Collateral. Notwithstanding Condition 14.1, at any time before the security interests constituted by this Security Agreement become enforceable, the Issuer may, without the sanction of an Extraordinary Resolution and without the prior written consent of the Trustee, take action in relation to the Collateral and exercise any rights incidental to the ownership of the Collateral in accordance with Clause 5.4 of the Trust Deed.

Actions in respect of the Collateral. Notwithstanding Condition 14.1, at any time before the security interests constituted created by this Security Agreement become enforceable, the Issuer may, without the sanction of an Extraordinary Resolution and without the prior written consent of the Trustee, take action in relation to the Collateral and exercise any rights incidental to the ownership of the Collateral in accordance with Clause 5.4 of the Trust Deed.