Common use of FUNDING 2 ACCOUNTS Clause in Contracts

FUNDING 2 ACCOUNTS. Funding 2 hereby undertakes that, for so long as any Funding 2 Secured Obligations remain outstanding, it shall not (without the prior written consent of the Funding 2 Security Trustee): (a) open or maintain any bank account or deposit account with any bank or any other financial institution other than the Funding 2 Bank Accounts; or (b) close the Funding 2 Bank Accounts, other than in accordance with the Bank Account Agreement and this Deed.

Appears in 3 contracts

Samples: Funding Deed of Charge, Collateral Security Agreement, Deed of Charge (Permanent Funding (No. 2) LTD)

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FUNDING 2 ACCOUNTS. Funding 2 hereby undertakes that, for so long as any Funding 2 Secured Obligations remain outstanding, it shall not (without the prior written consent of the Funding 2 Security Trustee): (a) open or maintain any bank account or deposit account with any bank or any other financial institution other than the Funding 2 Bank Accounts; or (b) close the Funding 2 Bank Accounts, other than in accordance with the Bank Account Agreement and this Deed.

Appears in 1 contract

Samples: Deed of Charge (Permanent Funding (No. 2) LTD)

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