Common use of Authorised Investments and Swap Collateral Clause in Contracts

Authorised Investments and Swap Collateral. The Current Issuer, by way of first fixed charge for the payment or discharge of the Current Issuer Secured Obligations, subject to Clause 4 (Release of Current Issuer Charged Property), hereby charges in favour of the Note Trustee all of its right, title, benefit and interest, present and future in, to and under: (a) any Authorised Investment purchased using monies standing to the credit of any Current Issuer Bank Account; and (b) any Swap Collateral in the form of securities, for the time being owned by it and all rights in respect of or ancillary to such Authorised Investments and such Swap Collateral, including the right to income and distributions and the proceeds of any of the foregoing, TO HOLD the same unto the Note Trustee absolutely.

Authorised Investments and Swap Collateral. The Current Master Issuer, by way of first fixed charge security for the payment or discharge of the Current Issuer Secured Obligations, subject to Clause 4 3 (Release of Current Issuer Charged Property), hereby charges in favour of the Note Issuer Security Trustee all of its right, title, benefit and interest, present and future in, to and under: (a) any Authorised Investment purchased using monies standing to the credit of any Current Issuer Bank Account; and (b) any Swap Collateral in the form of securities, for the time being owned by it and all rights in respect of or ancillary to such Authorised Investments and such Swap Collateral, including the right to income and distributions and the proceeds of any of the foregoing, TO HOLD the same unto the Note Trustee absolutely.

Authorised Investments and Swap Collateral. The Current Master Issuer, by way of first fixed charge security for the payment or discharge of the Current Issuer Secured Obligations, subject to Clause 4 (Release of Current Issuer Charged Property), hereby charges in favour of the Note Issuer Security Trustee all of its right, title, benefit and interest, present and future in, to and under: (a) any Authorised Investment purchased using monies standing to the credit of any Current Issuer Bank Account; and (b) any Swap Collateral in the form of securities, for the time being owned by it and all rights in respect of or ancillary to such Authorised Investments and such Swap Collateral, including the right to income and distributions and the proceeds of any of the foregoing, TO HOLD the same unto the Note Issuer Security Trustee absolutely.