Common use of MANDATORY ENFORCEMENT Clause in Contracts

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:

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

AutoNDA by SimpleDocs

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 Second 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 Second Issuer Notes) the Security Trustee:

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

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 Sixth Issuer Transaction Documents (including, without limitation, enforcing the security constituted by or pursuant to this Deed) unless (subject to the provisions of Condition CONDITION 10 of the Third Sixth Issuer Notes) the Security Trustee:

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

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 Fourth 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 Fourth Issuer Notes) the Security Trustee:

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

AutoNDA by SimpleDocs

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 Fifth Issuer Transaction Documents (including, without limitation, enforcing the security constituted by or pursuant to this Deed) unless (subject to the provisions of Condition CONDITION 10 of the Third Fifth Issuer Notes) the Security Trustee:

Appears in 1 contract

Samples: Permanent Financing (No. 5) PLC

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 Seventh Issuer Transaction Documents (including, without limitation, enforcing the security constituted by or pursuant to this Deed) unless (subject to the provisions of Condition CONDITION 10 of the Third Seventh Issuer Notes) the Security Trustee:

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!