Funding 2 Security Trustee. (a) The Funding 2 Security Trustee shall have no responsibility for any of the obligations of any other party to this Agreement (other than itself). For the avoidance of doubt, the parties to this Agreement acknowledge that the rights and obligations of the Funding 2 Security Trustee under this Agreement are governed by the Funding 2 Deed of Charge. (b) As between the Funding 2 Security Trustee and the parties hereto any liberty or power which may be exercised or any determination which may be made hereunder by the Funding 2 Security Trustee may be exercised or made in the Funding 2 Security Trustee's absolute discretion without any obligation to give reasons therefor, but in any event must be exercised or made in accordance with the provisions of the Funding 2 Deed of Charge.
Appears in 5 contracts
Samples: Global Intercompany Loan Agreement (Granite Master Issuer PLC), Global Intercompany Loan Agreement (Granite Finance Trustees LTD), Global Intercompany Loan Agreement (Granite Finance Funding 2 LTD)
