Common use of New Funding 1 Secured Creditors Clause in Contracts

New Funding 1 Secured Creditors. (a) In order to become a New Funding 1 Secured Creditor a creditor of Funding 1 must enter into an Accession Deed in or substantially in the form set out in Schedule 3 (Form of the Accession Deed). (b) Each New Funding 1 Secured Creditor will be bound by the provisions of this Deed as if it contained covenants by each New Funding 1 Secured Creditor in favour of the Funding 1 Security Trustee and every other Funding 1 Secured Creditor to observe and be bound by all provisions of this Deed to apply to the Funding 1 Secured Creditors.

Appears in 4 contracts

Samples: Deed of Charge, Deed of Charge, Deed of Charge

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