NEW MASTER ISSUER SECURED CREDITORS. (a) In order to become a New Master Issuer Secured Creditor a creditor of the Master Issuer must enter into an ACCESSION DEED in the form or substantially in the form set out in SCHEDULE 3. (b) Each New Master Issuer Secured Creditor will be bound by the provisions of this Deed as if it contained covenants by each New Master Issuer Secured Creditor in favour of the Master Issuer Security Trustee and every other Master Issuer Secured Creditor to observe and be bound by all provisions of this Deed to apply to Master Issuer Secured Creditors.
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Samples: Master Issuer Deed of Charge (Holmes Funding LTD), Master Issuer Deed of Charge (Permanent Funding (No. 2) LTD), Master Issuer Deed of Charge (Holmes Master Issuer)
NEW MASTER ISSUER SECURED CREDITORS. (a) In order to become a New Master Issuer Secured Creditor a creditor of the Master Issuer must enter into an ACCESSION DEED Accession Deed in the form or substantially in the form set out in SCHEDULE Schedule 3.
(b) Each New Master Issuer Secured Creditor will be bound by the provisions of this Deed as if it contained covenants by each New Master Issuer Secured Creditor in favour of the Master Issuer Security Trustee and every other Master Issuer Secured Creditor to observe and be bound by all provisions of this Deed to apply to Master Issuer Secured Creditors.
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