CHANGE OF SECURITY TRUSTEE. In the event that there is any change in the identity of the Security Trustee or an additional Security Trustee is appointed in accordance with the Funding 1 Deed of Charge, as the case may be, the Cash Manager shall execute such documents with any other parties to this Agreement and take such actions as such new Security Trustee may reasonably require for the purposes of vesting in such new Security Trustee the rights of the Security Trustee under this Agreement and under the Funding 1 Deed of Charge and releasing the retiring Security Trustee from further obligations thereunder and while any of the Notes of any Issuer remains outstanding shall give notice thereof to the Rating Agencies.
Appears in 4 contracts
Samples: Cash Management Agreement (Permanent Mortgages Trustee LTD), Cash Management Agreement (Permanent Mortgages Trustee LTD), Cash Management Agreement (Permanent Mortgages Trustee LTD)
CHANGE OF SECURITY TRUSTEE. In the event that there is any change in the identity of the Security Trustee or an additional Security Trustee is appointed in accordance with the Funding 1 Deed of Charge, as the case may be, the Cash Manager shall execute such documents with any other parties to this Agreement and take such actions as such new Security Trustee may reasonably require for the purposes of vesting in such new Security Trustee the rights of the Security Trustee under this Agreement and under the Funding 1 Deed of Charge and releasing the retiring Security Trustee from further obligations thereunder and while any of the Notes of any Issuer remains outstanding shall give notice thereof to the Rating Agencies.
Appears in 3 contracts
Samples: Cash Management Agreement (Holmes Funding LTD), Management Agreement (HOLMES FINANCING (No. 9) PLC), Management Agreement (HOLMES FINANCING (No. 9) PLC)
CHANGE OF SECURITY TRUSTEE. In the event that there is any change in the identity of the Security Trustee or an additional Security Trustee is appointed in accordance with the Funding 1 Deed of Charge, as the case may be, the Cash Manager shall execute such documents with any other parties to this Agreement and take such actions as such new Security Trustee may reasonably require for the purposes of vesting in such new Security Trustee the rights of the Security Trustee under this Agreement and under the Funding 1 Deed of Charge and releasing the retiring Security Trustee from further obligations thereunder and and, while any of the Rated Notes of any Issuer remains outstanding remain outstanding, shall give notice thereof to the Rating Agencies.
Appears in 3 contracts
Samples: Cash Management Agreement, Cash Management Agreement, Management Agreement
