After Enforcement. Upon enforcement of the Security, the Trustee will hold on trust all amounts it receives upon realisation of the Security or which are payable in respect of the Notes or to the Secured Parties to apply them: (i) Trustee: first, to the Trustee in respect of the Trustee’s Expenses;
Appears in 3 contracts
Samples: Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme
After Enforcement. Upon enforcement of the Security, the Trustee will hold on trust all amounts it receives upon realisation of the Security or which are payable in respect of the Notes or to the Secured Parties to apply them:
(i) Trustee: first, to the Trustee in respect of the Trustee’s Expenses;
Appears in 1 contract