Enforcement When Not All Amounts Due and Payable. If the Security Trustee enforces the Fourth Issuer Security at a time when either no amounts or not all amounts owing in respect of the Fourth Issuer Secured Obligations have become due and payable, the Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in CLAUSE 6 (Payments out of the Fourth Issuer Accounts Upon Enforcement) into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with CLAUSE 6 (Payments out of the Fourth Issuer Accounts Upon Enforcement) as and when any of the amounts referred to therein become due and payable.
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Samples: Permanent Mortgages Trustee LTD
Enforcement When Not All Amounts Due and Payable. If the Security Trustee enforces the Fourth Third Issuer Security at a time when either no amounts or not all amounts owing in respect of the Fourth Third Issuer Secured Obligations have become due and payable, the Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in CLAUSE 6 (Payments out of the Fourth Third Issuer Accounts Upon Enforcement) into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with CLAUSE 6 (Payments out of the Fourth Third Issuer Accounts Upon Enforcement) as and when any of the amounts referred to therein become due and payable.
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Samples: Permanent Mortgages Trustee LTD
Enforcement When Not All Amounts Due and Payable. If the Security Trustee enforces the Fourth Fifth Issuer Security at a time when either no amounts or not all amounts owing in respect of the Fourth Fifth Issuer Secured Obligations have become due and payable, the Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in CLAUSE 6 (Payments out of the Fourth Fifth Issuer Accounts Upon Enforcement) into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with CLAUSE 6 (Payments out of the Fourth Fifth Issuer Accounts Upon Enforcement) as and when any of the amounts referred to therein become due and payable.
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Samples: Permanent Financing (No. 5) PLC
Enforcement When Not All Amounts Due and Payable. If the Security Trustee enforces the Fourth Sixth Issuer Security at a time when either no amounts or not all amounts owing in respect of the Fourth Sixth Issuer Secured Obligations have become due and payable, the Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in CLAUSE 6 (Payments out of the Fourth Sixth Issuer Accounts Upon Enforcement) into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with CLAUSE 6 (Payments out of the Fourth Sixth Issuer Accounts Upon Enforcement) as and when any of the amounts referred to therein become due and payable.
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Samples: Permanent Mortgages Trustee LTD
Enforcement When Not All Amounts Due and Payable. If the Security Trustee enforces the Fourth Seventh Issuer Security at a time when either no amounts or not all amounts owing in respect of the Fourth Seventh Issuer Secured Obligations have become due and payable, the Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in CLAUSE 6 (Payments out of the Fourth Seventh Issuer Accounts Upon Enforcement) into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with CLAUSE 6 (Payments out of the Fourth Seventh Issuer Accounts Upon Enforcement) as and when any of the amounts referred to therein become due and payable.
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Samples: Permanent Mortgages Trustee LTD
Enforcement When Not All Amounts Due and Payable. If the Issuer Security Trustee enforces the Fourth Issuer Security at a time when either no amounts or not all amounts owing in respect of the Fourth Issuer Secured Obligations have become due and payable, the Issuer Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in CLAUSE Clause 6 (Payments out of the Fourth Issuer Accounts Upon EnforcementPrior to Acceleration) into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with CLAUSE Clause 6 (Payments out of the Fourth Issuer Accounts Upon EnforcementPrior to Acceleration) as and when any of the amounts referred to therein become due and payable.
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Samples: Permanent Funding (No. 2) LTD