Common use of Contractual Rights Clause in Contracts

Contractual Rights. (a) The Current Issuer, by way of first fixed security for the payment or discharge of the Current Issuer Secured Obligations, subject to Clause 4 (Release of Current Issuer Charged Property), hereby assigns to the Note Trustee, save to the extent that any of the Current Issuer's rights and claims in respect thereof derive from property which is situated in Jersey at any relevant time, all of its right, title, benefit and interest, present and future, in, to and under: (i) the Current Issuer Intercompany Loan Agreement; (ii) (to the extent not assigned pursuant to Clause 3.1(a)) the Funding Deed of Charge (including, for the avoidance of doubt, the Current Issuer Deed of Accession); (iii) the Current Issuer Swap Agreements; (iv) the Current Issuer Bank Account Agreement; (v) the Current Issuer Cash Management Agreement; (vi) the Current Issuer Paying Agent and Agent Bank Agreement; (vii) the Current Issuer Trust Deed; (viii) the Current Issuer Notes; (ix) the Current Issuer Underwriting Agreement; (x) the Current Issuer Subscription Agreement; (xi) the Current Issuer Post-Enforcement Call Option Agreement; (xii) the Current Issuer Corporate Services Agreement; (xiii) any Swap Collateral Ancillary Document; and (xiv) each other Current Issuer Transaction Document (other than this Current Issuer Deed of Charge) entered into or to be entered into by the Current Issuer pursuant to or in connection with any of the documents set out in paragraphs (i) through (xii) above (including any agreement entered into by the Current Issuer as a replacement of any of the above agreements upon the termination of such agreement), including, without limitation, all rights to receive payment of any amounts which may become payable to the Current Issuer thereunder and all payments received by the Current Issuer thereunder including, without limitation, all rights to serve notices and/or make demands thereunder and/or to take such steps as are required to cause payments to become due and payable thereunder and all rights of action in respect of any breach thereof and all rights to receive damages or obtain relief in respect thereof and the proceeds of any of the foregoing, TO HOLD the same unto the Note Trustee absolutely. (b) To the intent that the Note Trustee shall have a security interest in accordance with the Jersey Security Law (and as secured party for the purposes of such law) for payment or discharge of the Current Issuer Secured Obligations, subject to Clause 4 (Release of Current Issuer Charged Property), the Current Issuer (as debtor for the purposes of the Jersey Security Law) hereby assigns to the extent that the same may be situate in Jersey at any relevant time to the Note Trustee all of its right, title, benefit and interest, present and future, in, to and under: (i) the Current Issuer Intercompany Loan Agreement; (ii) (to the extent not assigned pursuant to Clause 3.1(a)) the Funding Deed of Charge (including, for the avoidance of doubt, the Current Issuer Deed of Accession); (iii) the Current Issuer Swap Agreements; (iv) the Current Issuer Bank Account Agreement; (v) the Current Issuer Cash Management Agreement; (vi) the Current Issuer Paying Agent and Agent Bank Agreement; (vii) the Current Issuer Trust Deed; (viii) the Current Issuer Notes; (ix) the Current Issuer Underwriting Agreement; (x) the Current Issuer Subscription Agreement; (xi) the Current Issuer Post-Enforcement Call Option Agreement; (xii) the Current Issuer Corporate Services Agreement; (xiii) any Swap Collateral Ancillary Document; and (xiv) each other Current Issuer Transaction Document (other than this Current Issuer Deed of Charge) entered into or to be entered into by the Current Issuer pursuant to or in connection with any of the documents set out in paragraphs (i) through (xii) above (including any agreement entered into by the Current Issuer as a replacement of any of the above agreements upon the termination of such agreement), including, without limitation, all rights to receive payment of any amounts which may become payable to the Current Issuer thereunder and all payments received by the Current Issuer thereunder including, without limitation, all rights to serve notices and/or make demands thereunder and/or to take such steps as are required to cause payments to become due and payable thereunder and all rights of action in respect of any breach thereof and all rights to receive damages or obtain relief in respect thereof and the proceeds of any of the foregoing, TO HOLD the same unto the Note Trustee absolutely.

Contractual Rights. (a) The Current Issuer, by way of first fixed security for the payment or discharge of the Current Issuer Secured Obligations, subject to Clause 4 (Release of Current Issuer Charged Property), hereby assigns to the Note Trustee, save to the extent that any of the Current Issuer's rights and claims in respect thereof derive from property which is situated in Jersey at any relevant time, all of its right, title, benefit and interest, present and future, in, to and under: (i) the Current Issuer Intercompany Loan Agreement; (ii) (to the extent not assigned pursuant to Clause 3.1(a)) the Funding Deed of Charge (including, for the avoidance of doubt, the Current Issuer Deed of Accession); (iii) the Current Issuer Swap Agreements; (iv) the Current Issuer Bank Account Agreement; (v) the Current Issuer Cash Management Agreement; (vi) the Current Issuer Paying Agent and Agent Bank Agreement; (vii) the Current Issuer Trust Deed; (viii) the Current Issuer Notes; (ix) the Current Issuer Underwriting Agreement; (x) the Current Issuer Subscription Agreement; (xi) the Current Issuer Post-Enforcement Call Option Agreement; (xii) the Current Issuer Corporate Services Agreement; (xiii) any Swap Collateral Ancillary Document; and (xivxiii) each other Current Issuer Transaction Document (other than this Current Issuer Deed of Charge) entered into or to be entered into by the Current Issuer pursuant to or in connection with any of the documents set out in paragraphs (i) through (xii) above (including any agreement entered into by the Current Issuer as a replacement of any of the above agreements upon the termination of such agreement), including, without limitation, all rights to receive payment of any amounts which may become payable to the Current Issuer thereunder and all payments received by the Current Issuer thereunder including, without limitation, all rights to serve notices and/or make demands thereunder and/or to take such steps as are required to cause payments to become due and payable thereunder and all rights of action in respect of any breach thereof and all rights to receive damages or obtain relief in respect thereof and the proceeds of any of the foregoing, TO HOLD the same unto the Note Trustee absolutely. (b) To the intent that the Note Trustee shall have a security interest in accordance with the Jersey Security Law (and as secured party for the purposes of such law) for payment or discharge of the Current Issuer Secured Obligations, subject to Clause 4 (Release of Current Issuer Charged Property), the Current Issuer (as debtor for the purposes of the Jersey Security Law) hereby assigns to the extent that the same may be situate in Jersey at any relevant time to the Note Trustee all of its right, title, benefit and interest, present and future, in, to and under: (i) the Current Issuer Intercompany Loan Agreement; (ii) (to the extent not assigned pursuant to Clause 3.1(a)) the Funding Deed of Charge (including, for the avoidance of doubt, the Current Issuer Deed of Accession); (iii) the Current Issuer Swap Agreements; (iv) the Current Issuer Bank Account Agreement; (v) the Current Issuer Cash Management Agreement; (vi) the Current Issuer Paying Agent and Agent Bank Agreement; (vii) the Current Issuer Trust Deed; (viii) the Current Issuer Notes; (ix) the Current Issuer Underwriting Agreement; (x) the Current Issuer Subscription Agreement; (xi) the Current Issuer Post-Enforcement Call Option Agreement; (xii) the Current Issuer Corporate Services Agreement; (xiii) any Swap Collateral Ancillary Document; and (xivxiii) each other Current Issuer Transaction Document (other than this Current Issuer Deed of Charge) entered into or to be entered into by the Current Issuer pursuant to or in connection with any of the documents set out in paragraphs (i) through (xii) above (including any agreement entered into by the Current Issuer as a replacement of any of the above agreements upon the termination of such agreement), including, without limitation, all rights to receive payment of any amounts which may become payable to the Current Issuer thereunder and all payments received by the Current Issuer thereunder including, without limitation, all rights to serve notices and/or make demands thereunder and/or to take such steps as are required to cause payments to become due and payable thereunder and all rights of action in respect of any breach thereof and all rights to receive damages or obtain relief in respect thereof and the proceeds of any of the foregoing, TO HOLD the same unto the Note Trustee absolutely.

Contractual Rights. (a) The Current IssuerFunding, by way of first fixed security for the payment or discharge of the Current Issuer Funding Secured Obligations, subject to Clause 4 (Release of Current Issuer Funding Charged Property), hereby assigns to the Note Security Trustee, save to the extent that any of the Current Issuer's rights and claims in respect thereof derive from property which is situated same may be situate in Jersey at any relevant time, all of its right, title, benefit and interest, present and future, in, to and under: (i) the Current Mortgages Trust Deed; (ii) the Mortgage Sale Agreement; (iii) the Administration Agreement; (iv) the Corporate Services Agreement; (v) the Bank Account Agreement; (vi) the Funding Guaranteed Investment Contract; (vii) the Cash Management Agreement; (viii) the Start-up Loan Agreement; (ix) the Collection Bank Agreement; (x) the First Issuer Intercompany Loan Agreement; (ii) (to the extent not assigned pursuant to Clause 3.1(a)) the Funding Deed of Charge (including, for the avoidance of doubt, the Current Issuer Deed of Accession); (iii) the Current Issuer Swap Agreements; (iv) the Current Issuer Bank Account Agreement; (v) the Current Issuer Cash Management Agreement; (vi) the Current Issuer Paying Agent and Agent Bank Agreement; (vii) the Current Issuer Trust Deed; (viii) the Current Issuer Notes; (ix) the Current Issuer Underwriting Agreement; (x) the Current Issuer Subscription Agreement; (xi) each New Intercompany Loan Agreement to be entered into by Funding after the Current Issuer Post-Enforcement Call Option Agreement;date hereof; and (xii) (save to the Current extent that the same are at such time subject to the Security Interests created under or pursuant to Clause 3.6 (Accounts for Issuer Corporate Services Agreement; (xiiiReserves) or any Swap Collateral Ancillary Document; and (xivDeed of Accession) each other Current Issuer Funding Transaction Document (other than this Current Issuer Funding Deed of Charge) entered into or to be entered into by the Current Issuer Funding pursuant to or in connection with any of the documents set out in paragraphs (i) through (xiixi) above (including any agreement entered into by the Current Issuer Funding as a replacement of any of the above agreements upon the termination of such agreement), including, without limitation, Funding's rights against the Mortgages Trustee under the Mortgages Trust Deed, all rights to receive payment of any amounts which may become payable to the Current Issuer Funding thereunder and all payments received by the Current Issuer Funding thereunder including, without limitation, all rights to serve notices and/or make demands thereunder and/or to take such steps as are required to cause payments to become due and payable thereunder and all rights of action in respect of any breach thereof and all rights to receive damages or obtain relief in respect thereof and the proceeds of any of the foregoing, TO HOLD the same unto the Note Security Trustee absolutely. (b) To the intent that the Note Security Trustee shall have a security interest in accordance with the Jersey Security Law (and as secured party for the purposes of such law) for the payment or discharge of the Current Issuer Funding Secured Obligations, subject to Clause 4 (Release of Current Issuer Funding Charged Property), the Current Issuer Funding (as debtor for the purposes of the Jersey Security Law) hereby assigns assigns, to the extent that the same may be situate in Jersey at any relevant time to the Note Security Trustee all of its right, title, benefit and interest, present and future, in, to and under: (i) the Current Mortgages Trust Deed; (ii) the Mortgage Sale Agreement; (iii) the Administration Agreement; (iv) the Corporate Services Agreement; (v) the Bank Account Agreement; (vi) the Funding Guaranteed Investment Contract; (vii) the Cash Management Agreement; (viii) the Start-up Loan Agreement; (ix) the Collection Bank Agreement; (x) the First Issuer Intercompany Loan Agreement; (ii) (to the extent not assigned pursuant to Clause 3.1(a)) the Funding Deed of Charge (including, for the avoidance of doubt, the Current Issuer Deed of Accession); (iii) the Current Issuer Swap Agreements; (iv) the Current Issuer Bank Account Agreement; (v) the Current Issuer Cash Management Agreement; (vi) the Current Issuer Paying Agent and Agent Bank Agreement; (vii) the Current Issuer Trust Deed; (viii) the Current Issuer Notes; (ix) the Current Issuer Underwriting Agreement; (x) the Current Issuer Subscription Agreement; (xi) each New Intercompany Loan Agreement to be entered into by Funding after the Current Issuer Post-Enforcement Call Option Agreement;date hereof; and (xii) (save to the Current extent that the same are at such time subject to the Security Interests created under or pursuant to Clause 3.6 (Accounts for Issuer Corporate Services Agreement; (xiiiReserves) or any Swap Collateral Ancillary Document; and (xivDeed of Accession) each other Current Issuer Funding Transaction Document (other than this Current Issuer Funding Deed of Charge) entered into or to be entered into by the Current Issuer Funding pursuant to or in connection with any of the documents set out in paragraphs (i) through (xiixi) above (including any agreement entered into by the Current Issuer Funding as a replacement of any of the above agreements upon the termination of such agreement), including, without limitation, Funding's rights against the Mortgages Trustee under the Mortgages Trust Deed, all rights to receive payment of any amounts which may become payable to the Current Issuer Funding thereunder and all payments received by the Current Issuer Funding thereunder including, without limitation, all rights to serve notices and/or make demands thereunder and/or to take such steps as are required to cause payments to become due and payable thereunder and all rights of action in respect of any breach thereof and all rights to receive damages or obtain relief in respect thereof and the proceeds of any of the foregoing, TO HOLD the same unto the Note Security Trustee absolutely.