Common use of No Disposal Clause in Contracts

No Disposal. The Series 2020-1 (A1) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 2020-1 (A1) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 2020-1 (A1) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 2020-1 (A1) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 2020-1 (A1) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 2020-1 (A1) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

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No Disposal. The Series 2020-1 (A1A2) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 2020-1 (A1A2) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 2020-1 (A1A2) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 2020-1 (A1A2) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 2020-1 (A1A2) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 2020-1 (A1A2) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

No Disposal. The Series 2020-1 (A1A4) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 2020-1 (A1A4) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 2020-1 (A1A4) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 2020-1 (A1A4) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 2020-1 (A1A4) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 2020-1 (A1A4) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

No Disposal. The Series 20202023-1 (A1A3) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 20202023-1 (A1A3) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 20202023-1 (A1A3) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 20202023-1 (A1A3) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 20202023-1 (A1A3) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 20202023-1 (A1A3) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

No Disposal. The Series 20202023-1 2 (A1A2) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 20202023-1 2 (A1A2) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 20202023-1 2 (A1A2) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 20202023-1 2 (A1A2) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 20202023-1 2 (A1A2) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 20202023-1 2 (A1A2) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

No Disposal. The Series 20202023-1 (A1A2) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 20202023-1 (A1A2) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 20202023-1 (A1A2) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 20202023-1 (A1A2) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 20202023-1 (A1A2) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 20202023-1 (A1A2) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

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No Disposal. The Series 20202023-1 2 (A1) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 20202023-1 2 (A1) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 20202023-1 2 (A1) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 20202023-1 2 (A1) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 20202023-1 2 (A1) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 20202023-1 2 (A1) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

No Disposal. The Series 20202023-1 (A1) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 20202023-1 (A1) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 20202023-1 (A1) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 20202023-1 (A1) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 20202023-1 (A1) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 20202023-1 (A1) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

No Disposal. The Series 2020-1 (A1A3) Notes constitute secured obligations of the Issuer secured pursuant to Clause 6 (Creation of Fixed Security) and Clause 4.1 of the Note Trust Deed (to the extent relating to the Series 2020-1 (A1A3) Notes) and rank and will rank pari passu and without any preference among themselves. So long as any of the Series 2020-1 (A1A3) Notes remains outstanding, the Issuer shall not, save to the extent permitted or contemplated by the Series 2020-1 (A1A3) Documents or with the prior written consent of the Note Trustee, sell or otherwise dispose of the Series 2020-1 (A1A3) Secured Property or any interest therein or purport to do so or create or permit to exist any Encumbrance whatsoever upon or affecting any of the Series 2020-1 (A1A3) Secured Property other than as contemplated by this Note Trust Deed Supplement and the Note Trust Deed.

Appears in 1 contract

Samples: bank.tescoplc.com

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