Common use of Notification of Termination Event Clause in Contracts

Notification of Termination Event. Each of the Mortgages Trustee, Funding, the Cash Manager and the Account Banks undertakes and agrees to notify the Security Trustee of any event which would or could entitle the Security Trustee to serve a notice of termination pursuant to Clause 8.5 promptly upon becoming aware thereof.

Appears in 3 contracts

Samples: Bank Account Agreement, Bank Account Agreement, Bank Account Agreement

AutoNDA by SimpleDocs

Notification of Termination Event. Each of the Mortgages Trustee, Funding, the Cash Manager and the Account Banks Bank undertakes and agrees to notify the Security Trustee of any event which would or could entitle the Security Trustee to serve a notice of termination pursuant to Clause 8.5 8.4 (Termination by the Security Trustee) promptly upon becoming aware thereof.

Appears in 3 contracts

Samples: Bank Account Agreement (Granite Mortgages 03-2 PLC), Bank Account Agreement (Granite Mortgages 02-2 PLC), Bank Account Agreement (Granite Mortgages 03-1 PLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!