Automatic Appointment. The appointment in respect of the Cash Management Services provided in connection with the issue of the Notes pursuant to Clause 2.1 (Appointment) took effect upon and from the Closing Date automatically without any further action on the part of any person. Notwithstanding Clause 2.1 (Appointment), following service of a Note Acceleration Notice, at the written request of the Issuer Security Trustee, the Issuer Cash Manager shall cease to act as an agent for the Issuer and shall instead act as an agent of the Issuer Security Trustee with respect to the provision of the services pursuant to this Agreement.
Automatic Appointment. The appointment in respect of the Cash Management Services provided in connection with the issue of the Class A1 Notes, the Class A2 Notes, the Class A3 Notes, the Class A4 Notes, the Class A5 Notes and the Class Z1 Notes pursuant to Clause 2.1 took effect upon and from the Closing Date automatically without any further action on the part of any person. The appointment in respect of the Cash Management Services provided in connection with the issue of the Class A6 Notes, the Class A7 Notes, the Class A8 Notes, the Class A9 Notes, the Class A10 Notes and the Class Z2 Notes pursuant to Clause 2.1 took effect upon and from the Second Issue Closing Date automatically without any further action on the part of any person. Notwithstanding Clause 2.1, following service of a Note Acceleration Notice, at the written request of the Issuer Security Trustee, the Issuer Cash Manager shall cease to act as an agent for the Issuer and shall instead act as an agent of the Issuer Security Trustee with respect to the provision of the services pursuant to this Agreement.
Automatic Appointment. The appointment pursuant to Clause 2.1 (Appointment) took effect upon and from the Series 2010-2 Closing Date and, in relation to the Series 2011-2 Notes, the Series 2011-2 Closing Date automatically without any further action on the part of any person. Notwithstanding Clause 2.1 (Appointment), following service of a Note Acceleration Notice, at the written request of the Issuer Security Trustee, the Issuer Cash Manager shall cease to act as an agent for the Issuer and shall instead act as an agent of the Issuer Security Trustee with respect to the provision of the services pursuant to this Agreement.
