Mandatory Enforcement. The Bond Trustee shall not be bound to take any steps to enforce any provision of this Agreement or to institute any proceedings or to enforce the Security unless the Bond Trustee:
Mandatory Enforcement. The Security Trustee shall not be bound to take any steps or to institute any proceedings or to take any other action under or in connection with any of the Third Issuer Transaction Documents (including, without limitation, enforcing the security constituted by or pursuant to this Deed) unless (subject to the provisions of Condition 10 of the Third Issuer Notes) the Security Trustee:
Mandatory Enforcement. (a) Subject to Clause 8.2 (Administrative receiver), the Funding 1 Security Trustee will not, and will not be bound to, take any steps, institute any proceedings, exercise its rights, powers, discretions, authorities, duties and/or functions (including, without limitation, in giving its consent, approval or authorisation to any event, matter or thing requested or making any determination) and/or to take any other action under or in connection with any Funding 1 Agreement (including, without limitation, enforcing the Funding 1 Security) unless the Funding 1 Security Trustee:
Mandatory Enforcement. (a) Subject to Clause 8.2 (Administrative receiver), the Master Issuer Security Trustee will not, and will not be bound to, take any steps, institute any proceedings, exercise its rights and/or to take any other action under or in connection with any of the Master Issuer Transaction Documents (including, without limitation, enforcing the Master Issuer Security) unless the Master Issuer Security Trustee:
Mandatory Enforcement. (a) Subject to Clause 8.2 (Administrative Receiver), the Issuer Security Trustee will not, and will not be bound to, take any steps, institute any proceedings, exercise its rights, powers, discretions, authorities, duties, and/or functions (including, without limitation, in giving its consent, approval or authorisation to any event, matter or thing requested or making any determination) and/or to take any other action under or in connection with any of the Issuer Transaction Documents (including, without limitation, enforcing the Issuer Security and/or lodging an appeal in any proceedings) unless the Issuer Security Trustee:
Mandatory Enforcement. The Issuer Security Trustee shall not, and shall not be bound to, take any proceedings, actions or steps under or in connection with any of the Issuer Transaction Documents (including, without limitation, any steps to enforce the Issuer Security) unless:
Mandatory Enforcement. The Security Trustee shall not be bound to take any steps or institute any proceedings or to take any other action under or in connection with any of the Funding 2 Agreements (including, without limitation, enforcing the security constituted by this Deed) unless:
Mandatory Enforcement. The Seventh Issuer Security Trustee shall not be bound to take any steps or to institute any proceedings or to take any other action under or in connection with any of the Seventh Issuer Transaction Documents (including, without limitation, enforcing the security constituted by or pursuant to this Deed) unless (subject to the provisions of Condition 10 of the Seventh Issuer Notes) the Seventh Issuer Security Trustee:
Mandatory Enforcement. (a) Neither the Note Trustee nor the Security Trustee (including acting on the direction of the Note Trustee) shall be bound to take any steps or to institute any proceedings or to take any other action under or in connection with any of the Transaction Documents (including enforcing the Security constituted by or pursuant to this Deed if it has become enforceable) unless:
(i) directed to do so by:
(A) an Extraordinary Resolution of the holders of the Most Senior Class or in writing by the holders of at least 25% in Principal Amount Outstanding of the Most Senior Class; or
(B) in the case of the Security Trustee, if there are no Notes then outstanding, all the Secured Creditors (other than the Noteholders); and
(ii) in all cases, it shall have been indemnified and/or secured and/or prefunded to its satisfaction against all Liabilities to which it may thereby render itself liable or which it may incur by so doing and the terms of such indemnity may include the provision of a fighting fund, non-recourse loan or other similar arrangement.
(b) Neither the Note Trustee nor the Security Trustee shall be held liable for the consequences of taking any action under (in case of the Security Trustee) Clause 22.3 (Discretionary Enforcement) or this Clause 22.4 and may do so without having regard to the effect of such action on individual Noteholders or (in the case of the Security Trustee) any other Secured Creditor.
Mandatory Enforcement. (a) Subject to Clause 8.2 (Administrative receiver), the Funding 2 Security Trustee will not, and will not be bound to, take any steps, institute any proceedings, exercise its rights and/or to take any other action under or in connection with any of Funding 2 Agreements (including, without limitation, enforcing Funding 2 Security) unless the Funding 2 Security Trustee:
