ENHANCEMENT PROVIDER Clause Samples

ENHANCEMENT PROVIDER. If the related MTN Supplement specifies that an Enhancement Provider is to be a Secured Creditor of the Secured Property in relation to that Series, the beneficial entitlement of such Enhancement Provider to a security interest in the relevant Secured Property shall be specified in the related MTN Supplement and shall be expressed to constitute or form part of that related Series.

ENHANCEMENT PROVIDER. The Enhancement Provider shall have rights under the Agreement, the Servicing Agreement and this Supplement (including the right to withhold consents) only (a) if either (i) the Enhancement Provider is then providing Enhancement for Series 1997-1 or (ii) the Enhancement Provider is owed any amounts in respect of the Principal/Interest Surety Bond and (b) no Surety Default has occurred and is continuing.

ENHANCEMENT PROVIDER if the relevant Loan Note Supplement specifies that an Enhancement Provider is to be a Secured Creditor in respect of some or all of the Secured Property in relation to that Series of Loan Notes or any Class thereof, the beneficial entitlement of such Enhancement Provider to a security interest in the relevant Secured Property shall be specified in the relevant Loan Note Supplement; and

ENHANCEMENT PROVIDER. If a Trust Supplement specifies that an Enhancement Provider is to be a Beneficiary of the Delamare Cards Receivables Trust, the beneficial entitlement of such Enhancement Provider to Trust Property shall be specified in that Trust Supplement.

ENHANCEMENT PROVIDER. The Trust shall possess all right, title and interest in all funds on deposit from time to time in the Third Party Credit Enhancement Account and in all proceeds thereof. The Third Party Credit Enhancement Account shall be under the sole dominion and control of the Trustee as the administrator of the Third Party Credit Enhancement for the benefit of the Certificateholders of this Series and the Third Party Credit Enhancement Provider. The interest of the Third Party Credit Enhancement Provider in the Third Party Credit Enhancement Account shall be subordinated to the interests of the Certificateholders of this Series to the extent provided herein and in the Third Party Credit Enhancement Agreement. The Third Party Credit Enhancement Provider shall not be entitled to reimbursement from the assets of the Trust for any withdrawals from the Third Party Credit Enhancement Account except as specifically provided in this Series Supplement. Pursuant to authority granted to it under Section 3.01(b) of the Pooling and Servicing Agreement, the Servicer shall have the revocable power to instruct the Trustee to withdraw funds from the Third Party Credit Enhancement Account for the purpose of carrying out the duties of the Servicer hereunder. Any funds on deposit in the Third Party Credit Enhancement Account for more than one Business Day shall be invested in Permitted Investments under Section 4.02(c) of the Pooling and Servicing Agreement. The Servicer at all times shall maintain accurate records reflecting each transaction in the Third Party Credit Enhancement Account. The Paying Agent also shall have the revocable authority to make withdrawals from the Third Party Credit Enhancement Account. (2) On each Distribution Date, all interest and investment earnings (net of losses and investment expenses) accrued since the preceding Distribution Date on funds on deposit in the Third Party Credit Enhancement Account shall be paid to the Trustee as administrator of the Third Party Credit Enhancement for application in accordance with the provisions of the Third Party Credit Enhancement Agreement. For purposes of determining the availability of funds or the balances in the Third Party Credit Enhancement Account, all such investment earnings on such funds shall be deemed not to be available or on deposit. If, on any Distribution Date, after giving effect to all other deposits to and withdrawals from the Third Party Credit Enhancement Account as of such Distribution Date, the am...