Common use of CONSENT OF SECURITY TRUSTEE Clause in Contracts

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Fourth Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Fourth Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Fourth Issuer Secured Creditors.

Appears in 1 contract

Samples: Deed of Charge (Permanent Mortgages Trustee LTD)

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CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Fourth Sixth Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Fourth Sixth Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Fourth Sixth Issuer Secured Creditors.

Appears in 1 contract

Samples: Deed of Charge (Permanent Mortgages Trustee LTD)

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Fourth Seventh Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Fourth Seventh Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Fourth Seventh Issuer Secured Creditors.

Appears in 1 contract

Samples: Seventh Issuer Deed of Charge (Permanent Mortgages Trustee LTD)

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Fourth Second Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Fourth Second Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Fourth Second Issuer Secured Creditors.

Appears in 1 contract

Samples: Second Issuer Deed of Charge (Permanent Mortgages Trustee LTD)

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CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Fourth Fifth Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Fourth Fifth Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Fourth Fifth Issuer Secured Creditors.

Appears in 1 contract

Samples: Fifth Issuer Deed of Charge (Permanent Financing (No. 5) PLC)

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