Common use of Disposal of Authorised Investments and Swap Collateral Clause in Contracts

Disposal of Authorised Investments and Swap Collateral. On the making at any time by the Current Issuer Cash Manager on behalf of the Current Issuer of a disposal of any Authorised Investment or Swap Collateral in the form of securities charged pursuant to Clause 3.4 (Authorised Investments and Swap Collateral), the Note Trustee shall, if so requested by and at the sole cost and expense of the Current Issuer, but without the Note Trustee being responsible for any loss, costs, claims or liabilities whatsoever occasioned by so acting upon such request, release, reassign or discharge from the Security Interests constituted by or pursuant to this Current Issuer Deed of Charge the relevant Authorised Investments or Swap Collateral, provided that in the case of a disposal of an Authorised Investment, the proceeds of such disposal are paid by the Current Issuer into the Current Issuer Bank Accounts from which the monies to make such Authorised Investment were originally drawn and, that in the case of Swap Collateral, the proceeds of such disposal are paid by the Current Issuer into the relevant Swap Collateral Cash Account or Current Issuer Bank Account (as appropriate in accordance with the Cash Management Agreement) subject to and in accordance with the provisions of this Current Issuer Deed of Charge and the Current Issuer Transaction Documents.

Disposal of Authorised Investments and Swap Collateral. On the making at any time by the Current Issuer Cash Manager on behalf of the Current Master Issuer of a disposal of any Authorised Investment or Swap Collateral in the form of securities charged pursuant to Clause 3.4 2.4 (Authorised Investments and Swap Collateral), the Note Issuer Security Trustee shall, if so requested by and at the sole cost and expense of the Current Master Issuer, but without the Note Issuer Security Trustee being responsible for any loss, costs, claims or liabilities whatsoever occasioned by so acting upon such request, release, reassign or discharge from the Issuer Security Interests constituted by or pursuant to this Current Issuer Deed of Charge the relevant Authorised Investments or Swap Collateral, provided that in the case of a disposal of an Authorised Investment, the proceeds of such disposal are paid by the Current Master Issuer into the Current Issuer Bank Accounts from which the monies to make such Authorised Investment were originally drawn and, that in the case of Swap Collateral, the proceeds of such disposal are paid by the Current Master Issuer into the relevant Issuer Swap Collateral Cash Account or Current Issuer Bank Account (as appropriate in accordance with the Issuer Cash Management Agreement) subject to and in accordance with the provisions of this Current Issuer Deed of Charge and the Current Issuer Transaction Documents.

Disposal of Authorised Investments and Swap Collateral. On the making at any time by the Current Issuer Cash Manager on behalf of the Current Master Issuer of a disposal of any Authorised Investment or Swap Collateral in the form of securities charged pursuant to Clause 3.4 (Authorised Investments and Swap Collateral), the Note Issuer Security Trustee shall, if so requested by and at the sole cost and expense of the Current Master Issuer, but without the Note Issuer Security Trustee being responsible for any loss, costs, claims or liabilities whatsoever occasioned by so acting upon such request, release, reassign or discharge from the Issuer Security Interests constituted by or pursuant to this Current Issuer Deed of Charge the relevant Authorised Investments or Swap Collateral, provided that in the case of a disposal of an Authorised Investment, the proceeds of such disposal are paid by the Current Master Issuer into the Current Issuer Bank Accounts from which the monies to make such Authorised Investment were originally drawn and, that in the case of Swap Collateral, the proceeds of such disposal are paid by the Current Master Issuer into the relevant Issuer Swap Collateral Cash Account or Current Issuer Bank Account (as appropriate in accordance with the Cash Management Agreement) subject to and in accordance with the provisions of this Current Issuer Deed of Charge and the Current Issuer Transaction Documents.