CONSENT OF EXISTING BENEFICIARIES Sample Clauses

CONSENT OF EXISTING BENEFICIARIES. 4.1 TPF (as the Transferor Beneficiary), Delamare Cards Funding 1 Limited (as an Investor Beneficiary) and Delamare Cards Funding 2 Limited (as an Investor Beneficiary), being together all the existing Beneficiaries of the Delamare Cards Receivables Trust prior to the execution of this Supplement, hereby consent and agree to: (a) the Loan Note Issuer No.1 being designated as a Beneficiary of the Delamare Cards Receivables Trust in its capacity as the Investor Beneficiary (Term) (pursuant to the terms of clause 4 of the Receivables Trust Deed and Servicing Agreement and the provisions of this Supplement) upon payment of the Contribution referred to in Clause 2.2 (Categories of Additional Beneficiaries, Designation and Additional Funds) of this Supplement above (to which such existing Beneficiaries consent) and the issue or annotation (as the case may be) of a duly executed and authenticated Investor Certificate; (b) any increase in the Funding 1 Beneficiary Interest from time to time pursuant to the payment by the Investor Beneficiary (Term) of an additional contribution in respect of an Investor Interest Contribution Increase pursuant to Clause 9.1 (Investor Interest Contribution Increases) of this Supplement. 4.2 Each of TPF (as the Transferor Beneficiary), Delamare Cards Funding 1 Limited (as an Investor Beneficiary) and Delamare Cards Funding 2 Limited (as an Investor Beneficiary) hereby consent to the creation by the Loan Note Issuer No.1 of an Encumbrance over its Funding 1 Beneficiary Interest pursuant to the Security Trust Deed executed in connection with Funding 1 Related Debt. 4.3 Delamare Cards Funding 1 Limited (as an Investor Beneficiary) hereby consents to any future increase in the Funding 2 Beneficiary Interest from time to time pursuant to a payment by the Funding 2 Investor Beneficiary of an additional contribution in respect of an investor interest contribution increase relating to any such investor interest for the Funding 2 Investor Beneficiary which has been created prior to the date hereof.
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CONSENT OF EXISTING BENEFICIARIES. (a) Each of RBS and Natwest, as a Transferor Beneficiary and the Loan Note Issuer as the Investor Beneficiary being together all the existing Beneficiaries of the Receivables Trust, prior to the execution of this Supplement, hereby consent to the Loan Note Issuer becoming a Beneficiary of the Receivables Trust in its capacity as the Series 2005-A Investor Beneficiary pursuant to the terms of Clause 4 of the Receivables Trust Deed and Trust Cash Management Agreement and the provisions of this Supplement upon payment of the contribution referred to in Clause 3(b) above and the issue or annotation (as the case may be) of a duly executed and authenticated Investor Certificate; (b) Each of RBS and Natwest hereby consent to the creation by the Loan Note Issuer of an Encumbrance over its Series 2005-A Beneficiary Interest pursuant to the Security Trust Deed executed in connection with the Related Debt; and (c) Each of RBS and Natwest hereby consent to the creation by the Series 2005-A Issuer of an Encumbrance over its rights as a secured party in respect of the Related Debt relating to the Series 2005-A Beneficiary Interest pursuant to the deed of charge executed by the Series 2005-A Issuer in connection with the Series 2005-A Associated Debt as contemplated in the Series 2005-A Associated Debt Prospectus.
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Related to CONSENT OF EXISTING BENEFICIARIES

  • EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement between the Bank or any predecessor of the Bank and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement.

  • Ratification of Existing Agreements All existing Dual Enrollment agreements between the Trustees and the Private School are hereby modified to conform to the terms of this agreement and the appendices of this document.

  • EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS This Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Bank and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to Executive of a kind elsewhere provided. No provision of this Agreement shall be interpreted to mean that Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement.

  • Benefit of Agreement; Third-Party Beneficiaries This Agreement is for the benefit of and will be binding on the parties and their permitted successors and assigns. The Owner Trustee and the Indenture Trustee, for the benefit of the Noteholders, will be third-party beneficiaries of this Agreement and may enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

  • Benefit of the Agreement; Third-Party Beneficiaries This Agreement is for the benefit of and will be binding on the parties to this Agreement and their permitted successors and assigns. The Owner Trustee, the Trust Collateral Agent and the Trustee (both in its individual capacity and in its capacity as Trustee for the benefit of the Noteholders), will be third-party beneficiaries of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

  • Termination of Existing Agreements Any previous employment agreement between Executive on the one hand and Employer or any of Employer’s Affiliates (as hereinafter defined) on the other hand is hereby terminated.

  • Termination of Existing Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Company shall be terminated as of the Closing Date. After such date neither the Company nor any of its Representatives shall have any further rights or liabilities thereunder.

  • Assignment and Third Party Beneficiaries 14.1 Except as provided in Section 15.1 below, neither this Agreement nor any rights or obligations hereunder may be assigned or subcontracted by either party without the written consent of the other party. Any attempt to do so in violation of this Section shall be void. Unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under this Agreement. 14.2 Except as explicitly stated elsewhere in this Agreement, nothing under this Agreement shall be construed to give any rights or benefits in this Agreement to anyone other than the Transfer Agent and the Fund, and the duties and responsibilities undertaken pursuant to this Agreement shall be for the sole and exclusive benefit of the Transfer Agent and the Fund. This Agreement shall inure to the benefit of and be binding upon the parties and their respective permitted successors and assigns. 14.3 This Agreement does not constitute an agreement for a partnership or joint venture between the Transfer Agent and the Fund. Other than as provided in Section 14.1, neither party shall make any commitments with third parties that are binding on the other party without the other party’s prior written consent.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.

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