Common use of Notice of Charge and Assignment and Acknowledgement Clause in Contracts

Notice of Charge and Assignment and Acknowledgement. Each of the Account Bank and the GIC Provider agrees that promptly upon receipt of a notice of charge and assignment signed by the Issuer, in the form of notice set out in Part 1 (Notice of Charge and Assignment) of Schedule 3 (Form of Notices) hereto, the Account Bank and the GIC Provider, as the case may be, shall sign and duly return to the Issuer, with a copy to the Security Trustee, an acknowledgement in (or substantially in) the form of acknowledgement set out in Part 2 (Acknowledgement) of Schedule 3 (Form of Notices) hereto.