After Liquidation but prior to Enforcement. Prior to the Security being enforced but after liquidation of any of the Disposal Assets, any proceeds from such liquidation received by the Issuer shall be applied as set out below and any proceeds received by the Trustee will be held on trust and applied as set out below: (i) Trustee: first, to the Trustee in respect of the Trustee’s Expenses;
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Samples: Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme
After Liquidation but prior to Enforcement. Prior to the Security being enforced but after liquidation of any of the Disposal Assets, any proceeds from such liquidation received by the Issuer shall be applied as set out below and any proceeds received by the Trustee will be held on trust and applied as set out below:
(i) Trustee: first, to the Trustee in respect of the Trustee’s Expenses;
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