Common use of Caveat Clause in Contracts

Caveat. (i) If the Trustee perfects title to any Receivable Security or a Related Security under this clause 12: (A) the Trustee shall notify the Security Trustee of the Receivable Securities and/or Related Securities which it is actually aware are affected by a Trust Back; and (B) neither the Trustee nor the Security Trustee shall dispose of or create any interest in that Receivable Security or Related Security unless the person receiving that Receivable Security or Related Security or that interest is first notified of the relevant Trust Back. (ii) If an Approved Seller reasonably believes that the Trustee or the Security Trustee intends to dispose of or create an interest in a Receivable Security or Related Security which secures an Other Secured Liability of that Approved Seller without notifying the relevant third party acquirer of the relevant Trust Back under