Common use of CBC ACCELERATION NOTICE Clause in Contracts

CBC ACCELERATION NOTICE. If a CBC Acceleration Notice is served by the Security Trustee to the CBC, then and at any time thereafter the Security Trustee on behalf of the Bank Savings Participant may and, if so directed by the Bank Savings Participant, shall by notice to the CBC: (i) declare that the obligations of the Bank Savings Participant hereunder, in particular under Clause 2.1 hereof, are terminated; and (ii) declare the Bank Savings Participation in relation to the relevant Bank Savings Mortgage Receivables to be immediately due and payable, whereupon it shall become so due and payable, subject, however, to Clause 2.3 hereof and the Trust Deed.

CBC ACCELERATION NOTICE. If a CBC Acceleration Notice is served given by the Security Trustee to the CBC, then and at any time thereafter the Security Trustee on behalf of the Bank Savings Participant may and, if so directed by the Bank Savings Participant, shall by notice to the CBC: (i) declare that the obligations of the Bank Savings Participant hereunder, in particular under Clause 2.1 hereof, are terminated; and (ii) declare the Bank Savings Participation in relation to the relevant Bank Savings Mortgage Receivables to be immediately due and payable, whereupon it shall become so due and payable, subject, however, to Clause 2.3 hereof and the Trust Deed.,

CBC ACCELERATION NOTICE. If a CBC Acceleration Notice is served given by the Security Trustee to the CBC, then and at any time thereafter the Security Trustee on behalf of the Bank Savings Participant may and, if so directed by the Bank Savings Participant, shall by notice to the CBC: (i) declare that the obligations of the Bank Savings Participant hereunder, in particular under Clause 2.1 hereof, are terminated; and (ii) declare the Bank Savings Participation in relation to the relevant Bank Savings Mortgage Receivables to be immediately due and payable, whereupon it shall become so due and payable, subject, however, to Clause 2.3 hereof and the Trust Deedhereof.