Common use of ENHANCEMENT PROVIDER Clause in Contracts

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.

Appears in 5 contracts

Samples: Security Trust Deed and MTN Cash Management Agreement (Barclaycard Funding PLC), Security Trust Deed and MTN Cash Management Agreement (Barclaycard Funding PLC), Security Trust Deed and MTN Cash Management Agreement (Gracechurch Receivables Trustee LTD)

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