Common use of Notice and Acknowledgement Clause in Contracts

Notice and Acknowledgement. (a) The execution of this Deed and/or any Deed of Accession by any Issuer Secured Creditor shall constitute express notice to such Issuer Secured Creditor of the assignments, charges and any other Security Interests made by the Master Issuer pursuant to this Deed. (b) By its execution of this Deed and/or any Deed of Accession each Issuer Secured Creditor acknowledges and consents to the Issuer Security and also acknowledges that as at the date hereof it has not received from any other person notice of any assignment, charge or other Security Interest of the Issuer Charged Property. (c) Notwithstanding the Issuer Security and subject as provided otherwise in this Deed, each of the parties hereto acknowledges that: (i) each Issuer Secured Creditor and each other party to any Issuer Transaction Document may continue to make all payments becoming due to the Master Issuer under any Issuer Transaction Document in the manner envisaged by such Issuer Transaction Document until the receipt of written notice from the Issuer Security Trustee or any Receiver requiring payments to be made otherwise; and (ii) until the Issuer Security becomes enforceable in accordance with Clause 6.2 (Enforceable), the Master Issuer shall be entitled to exercise its rights, powers and discretions and perform its obligations in relation to the Issuer Charged Property and under the Issuer Transaction Documents in accordance with the provisions of the Issuer Transaction Documents.

Notice and Acknowledgement. (a) The execution of this Deed and/or any Funding Deed of Accession Charge by any Issuer each Funding Secured Creditor shall constitute express notice to such Issuer Funding Secured Creditor of the assignments, charges and any other Security Interests (including the Jersey Security Interests) made by the Master Issuer Funding pursuant to this Deed.Funding Deed of Charge; (b) By its execution of this Deed and/or any Funding Deed of Accession Charge each Issuer Funding Secured Creditor acknowledges that it has notice of and consents to the Issuer assignments, charges and Security Interests (including the Jersey Security Interests) made or granted by Funding under or pursuant to this Funding Deed of Charge and also acknowledges that as at the date hereof it has not received from any other person any notice of any assignment, assignment or charge or other Security Interest of any of the Issuer Charged Propertyproperty the subject of such Security Interests. (c) Notwithstanding the Issuer assignments, charges and Security Interests (including the Jersey Security Interests) granted under or pursuant to this Funding Deed of Charge and subject as provided otherwise in this DeedFunding Deed of Charge, each of the parties hereto acknowledges that: (i) each Issuer Funding Secured Creditor and each other party to any Issuer Funding Transaction Document may continue to make all payments becoming due to the Master Issuer Funding under any Issuer Funding Transaction Document in the manner envisaged by such Issuer Funding Transaction Document until the receipt of written notice from the Issuer Security Trustee or any Receiver requiring payments to be made otherwise; and (ii) until the Issuer Funding Security becomes enforceable in accordance with Clause 6.2 7.2 (Enforceable), the Master Issuer Funding shall be entitled to exercise its rights, powers and discretions and perform its obligations in relation to the Issuer Funding Charged Property and under the Issuer Funding Transaction Documents in accordance with the provisions of the Issuer Funding Transaction Documents.

Notice and Acknowledgement. (a) The execution of this Deed and/or any Deed of Accession by any Issuer Secured Creditor shall constitute express notice to such Issuer Secured Creditor of the assignments, charges and any other Security Interests made by the Master Issuer pursuant to this Deed. (b) By its execution of this Deed and/or any Deed of Accession each Issuer Secured Creditor acknowledges and consents to the Issuer Security and also acknowledges that as at the date hereof it has not received from any other person notice of any assignment, assignment or charge or other Security Interest of the Issuer Charged Property. (c) Notwithstanding the Issuer Security and subject as provided otherwise in this Deed, each of the parties hereto acknowledges that: (i) each Issuer Secured Creditor and each other party to any Issuer Transaction Document may continue to make all payments becoming due to the Master Issuer under any Issuer Transaction Document in the manner envisaged by such Issuer Transaction Document until the receipt of written notice from the Issuer Security Trustee or any Receiver requiring payments to be made otherwise; and (ii) [until the Issuer Security becomes enforceable in accordance with Clause 6.2 7.2 (Enforceable), the Master Issuer shall be entitled to exercise its rights, powers and discretions and perform its obligations in relation to the Issuer Charged Property and under the Issuer Transaction Documents in accordance with the provisions of the Issuer Transaction Documents.]