Note Trust Deed Supplement. We further acknowledge that the Notice of Assignment states that the assignment is effective to confer on the Note Trustee all the right, title, interest and benefit, present and future, of the Issuer in respect of all sums of money standing to the credit of the Series 2020-1 (A3) Charged Accounts (as defined in the Series 2020-1 (A3) Note Trust Deed Supplement) together with all interest accruing from time to time in respect of Series 2020-1 (A3) in the Series 2020-1 (A3) Charged Accounts and the debts represented thereby and all right, title, interest and benefit, present and future, therein (the Assigned Assets). We confirm that as at the date of this Acknowledgement of Assignment we have not received from any person (other than the Issuer or the Note Trustee) any notice of any assignment or charge of, or of any interest in, the Assigned Assets. We confirm that we will exercise no lien or right of combination or set-off over or in respect of the Assigned Assets. We agree not to recognise any action on the part of the Issuer to close the Series 2020-1 (A3) Charged Accounts (as applicable) and to give the Note Trustee notice forthwith of any attempt by the Issuer to do so. .............................................................. For and on behalf of [HSBC Bank plc] / [The Bank of New York Mellon, London Branch] / [Elavon Financial Services DAC, UK Branch] (as Account Bank) To: [Name of each party to a Series 2020-1 (A3) Document other than the Issuer, the Note Trustee and the other parties to the Note Trust Deed Supplement] Dear Sirs
Note Trust Deed Supplement. A Note Trust Deed Supplement shall be executed in order to effect each issuance of a Series of Notes and to create security over the relevant Secured Property relating to such Series of Notes and such Note Trust Deed Supplement shall:
2.4.1 be executed by the Issuing Entity, the Note Trustee, the Principal Paying Agent, the Agent Bank, the Paying Agent, and, where applicable, the Swap Counterparty, the Expenses Lender and any other party to such Note Trust Deed Supplement;
2.4.2 set out the consent of the Note Trustee to such issue of the Series of Notes which shall be deemed to be given by its execution of the relevant Note Trust Deed Supplement;
2.4.3 constitute, upon the issuance of the relevant Series of Notes, a supplement by the Issuing Entity and the Note Trustee to this Note Trust Deed which, in respect of such Series of Notes, shall thereafter be read and construed as supplemented, amended and varied by such Note Trust Deed Supplement;
2.4.4 set out the principal terms of such Series of Notes (all such terms the "PRINCIPAL TERMS") which shall include, without limitation, the following:
(a) the Principal Amount Outstanding of the Notes of such Series upon their issuance;
(b) the Secured Property for such Series;
(c) the Issue Date;
(d) the names of any accounts or ledgers to be used in relation to such Series of Notes and the terms governing the operation of any such accounts or ledgers and use of moneys therein;
(e) the priority of payments prior to enforcement;
(f) any additional Secured Creditors;
(g) the terms governing any deposit into any account provided for such Series; and
(h) any other relevant terms of such Series. Each Secured Creditor, by its execution of a Note Trust Deed Supplement or, in the case of a Noteholder, by the purchase of the relevant Notes subject to the relevant Conditions, consents and confirms that the security trust constituted for the benefit of the relevant Secured Creditor or Noteholder under this Note Trust Deed and any Note Trust Deed Supplement may be supplemented, amended and varied from time to time in accordance with the terms of this Note Trust Deed, the Conditions and any such additional Note Trust Deed Supplement.
Note Trust Deed Supplement. Party B undertakes that its obligations to Party A pursuant to this Agreement shall at all times be secured by the Note Trust Deed Supplement.
Note Trust Deed Supplement
