INVESTOR INDEMNITY AMOUNT. (i) The Loan Note Issuer hereby undertakes to the Receivables Trustee for itself and as trustee for each other Beneficiary (by way of a contractual obligation owed by the Loan Note Issuer to no other person and not as part of the terms of the Receivables Trust) that it will pay to the Receivables Trustee from its own resources by way of Additional Consideration in accordance with Clause 3(c), an amount equal to the Aggregate Investor Indemnity Amount (identified as the "INVESTOR INDEMNITY AMOUNT"). The amount of any such payment to be made by the Loan Note Issuer to the Receivables Trustee shall not exceed an amount equal to the amount of monies available for such purpose as set out in Clause 5.15(k) of the Schedule; (ii) It is acknowledged and agreed by each of the parties hereto that to the extent that the Loan Note Issuer makes payment to the Receivables Trustee to enable it to make payment to each Transferor from other sources in respect of the amount referred to it in paragraph (e)(i) above, such payment shall be treated as discharging pro tanto the obligations referred to in paragraph (e)(i) above and that an amount shall be distributed equal to the amount of such payment contemplated in Clause 5.14 of the Schedule.
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Samples: Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD), Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD)
INVESTOR INDEMNITY AMOUNT. (i) The Loan Note Issuer Series 02-1 Investor Beneficiary hereby undertakes to the Receivables Trustee for itself and as trustee for each other Beneficiary (by way of a the Receivables Trustee and to contractual obligation owed by the Loan Note Issuer Series 02-1 Investor Beneficiary to no other person and not as part of the terms of the Receivables Trust) that it will pay to the Receivables Trustee from its own resources by way of Additional Consideration in accordance with Clause 3(c), an amount equal to the Aggregate Investor Indemnity Amount (identified as the "INVESTOR INDEMNITY AMOUNT")Amount. The amount of any such payment to be made by the Loan Note Issuer Series 02-1 Investor Beneficiary to the Receivables Trustee shall not exceed an amount equal to the amount of monies available for such purpose as set out in Clause 5.15(k5.15(l) of the Schedule;
(ii) It is acknowledged and agreed by each of the parties hereto that to the extent that the Loan Note Issuer Series 02-1 Investor Beneficiary makes payment to the Receivables Trustee to enable it to make payment to each the Transferor from other sources in respect of the amount referred to it in paragraph (e)(iClause 9(j)(i) above, such payment shall be treated as discharging pro tanto PRO TANTO the obligations referred to in paragraph (e)(iClause 9(j)(i) above and that an amount shall be distributed to the Series 02-1 Investor Beneficiary in respect of Class A equal to the amount of such payment contemplated in Clause 5.14 of the Schedule.
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Samples: Series Supplement (Gracechurch Receivables Trustee LTD)
INVESTOR INDEMNITY AMOUNT. (i) The Loan Note Issuer Series 03-2 Investor Beneficiary hereby undertakes to the Receivables Trustee for itself and as trustee for each other Beneficiary (by way of a contractual obligation owed by the Loan Note Issuer Series 03-2 Investor Beneficiary to the Receivables Trustee and to no other person and not as part of the terms of the Receivables Trust) that it will pay to the Receivables Trustee from its own resources by way of Additional Consideration in accordance with Clause 3(c), an amount equal to the Aggregate Investor Indemnity Amount (identified as the "INVESTOR INDEMNITY AMOUNT")Amount. The amount of any such payment to be made by the Loan Note Issuer Series 03-2 Investor Beneficiary to the Receivables Trustee shall not exceed an amount equal to the amount of monies available for such purpose as set out in Clause 5.15(k5.15(l) of the Schedule;
(ii) It is acknowledged and agreed by each of the parties hereto that to the extent that the Loan Note Issuer Series 03-2 Investor Beneficiary makes payment to the Receivables Trustee to enable it to make payment to each the Transferor from other sources in respect of the amount referred to it in paragraph (e)(iClause 9(h)(i) above, such payment shall be treated as discharging pro tanto the obligations referred to in paragraph (e)(iClause 9(h)(i) above and that an amount shall be distributed to the Series 03-2 Investor Beneficiary in respect of Class A equal to the amount of such payment contemplated in Clause 5.14 of the Schedule.
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INVESTOR INDEMNITY AMOUNT. (i) The Loan Note Issuer Series 04-2 Investor Beneficiary hereby undertakes to the Receivables Trustee for itself and as trustee for each other Beneficiary (by way of a contractual obligation owed by the Loan Note Issuer Series 04-2 Investor Beneficiary to the Receivables Trustee and to no other person and not as part of the terms of the Receivables Trust) that it will pay to the Receivables Trustee from its own resources by way of Additional Consideration in accordance with Clause 3(c), an amount equal to the Aggregate Investor Indemnity Amount (identified as the "INVESTOR INDEMNITY AMOUNT")Amount. The amount of any such payment to be made by the Loan Note Issuer Series 04-2 Investor Beneficiary to the Receivables Trustee shall not exceed an amount equal to the amount of monies available for such purpose as set out in Clause 5.15(k5.15(l) of the Schedule;
(ii) It is acknowledged and agreed by each of the parties hereto that to the extent that the Loan Note Issuer Series 04-2 Investor Beneficiary makes payment to the Receivables Trustee to enable it to make payment to each the Transferor from other sources in respect of the amount referred to it in paragraph (e)(iClause 9(h)(i) above, such payment shall be treated as discharging pro tanto the obligations referred to in paragraph (e)(iClause 9(h)(i) above and that an amount shall be distributed to the Series 04-2 Investor Beneficiary in respect of Class A equal to the amount of such payment contemplated in Clause 5.14 of the Schedule.
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