Common use of Consequences of a Note Acceleration Notice Clause in Contracts

Consequences of a Note Acceleration Notice. Each of the Account Bank and the GIC Provider acknowledges that, if it receives notice in writing from the Security Trustee to the effect that (a) the Note Trustee has served a Note Acceleration Notice on the Issuer; or (b) that the appointment of YBS as Cash Manager under the Cash Management Agreement has been terminated (but without prejudice to Clause 7.1 (Account Bank and the GIC Provider to Comply with Cash Manager's Instructions)) all right, authority and power of the Cash Manager in respect of the Bank Accounts shall be terminated and be of no further effect and each of the Account Bank and the GIC Provider agrees that it shall, upon receipt of such notice from the Security Trustee, comply solely with the directions of the Security Trustee or any successor cash manager appointed by the Issuer (with the prior written consent of the Security Trustee) (subject to such successor cash manager having entered into an agreement with the Account Bank and the GIC Provider on substantially the same terms as this Agreement and the Guaranteed Investment Contract, as the case may be) in relation to the operation of each of the Bank Accounts.

Consequences of a Note Acceleration Notice. Each of the Account Bank and the GIC Provider acknowledges that, if it receives notice in writing from the Security Trustee to the effect that (a) the Note Trustee has served a Note Acceleration Notice on the Issuer; or (b) that the appointment of YBS as Cash Manager under the Cash Management Agreement has been terminated (but without prejudice to Clause 7.1 (Account Bank and the GIC Provider to Comply with Cash Manager's Instructions)) all right, authority and power of the Cash Manager in respect of the Bank Accounts (excluding the Reserve Account) shall be terminated and be of no further effect and each of the Account Bank and the GIC Provider agrees that it shall, upon receipt of such notice from the Security Trustee, comply solely with the directions of the Security Trustee or any successor cash manager appointed by the Issuer (with the prior written consent of the Security Trustee) (subject to such successor cash manager having entered into an agreement with the Account Bank and the GIC Provider on substantially the same terms as this Agreement and the Guaranteed Investment Contract, as the case may be) in relation to the operation of each of the Bank AccountsAccounts (excluding the Reserve Account).

Consequences of a Note Acceleration Notice. Each of the The Account Bank and the GIC Provider acknowledges that, if it receives notice in writing from the Security Trustee to the effect that that: (ai) the Note Trustee has served a Note Acceleration Notice on the Issuer; or (bii) that the appointment of YBS Eurobank, S.A. as Cash Manager under the Cash Management Agreement has been terminated (but without prejudice to Clause 7.1 (The Account Bank and the GIC Provider to Comply with the Cash Manager's Instructions)) ; all rightrights, authority and power powers of the Cash Manager in respect of the Bank Issuer Accounts shall be terminated and be of no further effect and each of the Account Bank and the GIC Provider agrees agree that it shall, upon receipt of such notice from the Security Trustee, they shall comply solely with the directions of: (i) upon receipt of a notice from the Security Trustee to the effect that the Note Trustee has served a Note Acceleration Notice on the Issuer, the Security Trustee; or (ii) upon receipt of a notice from the Security Trustee that the appointment of the Cash Manager has been terminated, any successor cash manager appointed by the Issuer (with the prior written consent of the Security Trustee) (subject to such successor cash manager having entered into an agreement with the Account Bank and the GIC Provider on substantially the same terms as this Agreement and the Guaranteed Investment Contract, as the case may beAgreement) in relation to the operation of each of the Bank Issuer Accounts.

Consequences of a Note Acceleration Notice. Each of the Account Bank and the GIC Provider acknowledges that, if it receives notice in writing from the Security Trustee to the effect that (a) the Note Trustee has served a Note Acceleration Notice on the Issuer; or (b) that the appointment of YBS as Cash Manager under the Cash Management Agreement has been terminated (but without prejudice to Clause 7.1 (Account Bank and the GIC Provider to Comply with Cash Manager's Instructions)) all right, authority and power of the Cash Manager in respect of the Bank Accounts shall be terminated and be of no further effect and each of the Account Bank and the GIC Provider agrees that it shall, upon receipt of such notice suc h notic e from the Security Trustee, comply solely with the directions of the Security Trustee or any successor cash manager appointed by the Issuer (with the prior written consent of the Security Trustee) (subject to such successor cash manager having entered into an agreement with the Account Ac c ount Bank and the GIC Provider on substantially the same terms as this Agreement and the Guaranteed Investment Contract, as the case may be) in relation to the operation of each of the Bank Accounts.