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:
Appears in 3 contracts
Samples: Holmes Funding LTD, Holmes Funding LTD, Permanent Funding (No. 2) LTD
MANDATORY ENFORCEMENT. (a) Subject to Clause 8.2 (Administrative receiverADMINISTRATIVE 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:
Appears in 1 contract
Samples: Holmes Master Issuer
