Common use of Enforcement Event Clause in Contracts

Enforcement Event. If the Note Trustee serves an Enforcement Notice on the Issuer pursuant to the Trust Deed it shall forthwith provide a copy thereof to the Lender, and the Loan, together with all interest thereon, shall, subject always to Clause 9, become immediately due and repayable.

Appears in 9 contracts

Samples: Expenses Loan Agreement (Gracechurch Card Funding No 5 PLC), Expenses Loan Agreement (Gracechurch Receivables Trustee LTD), Expenses Loan Agreement (Gracechurch Receivables Trustee LTD)

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Enforcement Event. If the Note Trustee serves an Enforcement Notice on the Issuer pursuant to the Trust Deed it shall forthwith provide a copy thereof to the Lender, Lender and the Expenses Loan, together with all interest thereon, shall, subject always to Clause 9, become immediately due and repayable.

Appears in 1 contract

Samples: Expenses Loan Agreement (Barclaycard Funding PLC)

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