Common use of Notification of Termination Event Clause in Contracts

Notification of Termination Event. Each of the Issuer, the Issuer Cash Manager and the Issuer Account Bank undertakes and agrees to notify the Issuer Security Trustee in accordance with Clause 13 (Notices) promptly upon becoming aware thereof of any event which would or could entitle the Issuer to serve a termination notice pursuant to Clauses 9.1 (Termination Events) or 9.2 (Termination option), the Issuer Cash Manager to serve a termination notice pursuant to Clause 9.1 (Termination Events) or the Issuer Security Trustee to serve a notice of termination pursuant to Clause 9.4 (Termination by Issuer Security Trustee).

Appears in 3 contracts

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

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Notification of Termination Event. Each of the Issuer, the Issuer Cash Manager and the Issuer Account Bank undertakes and agrees to notify the Issuer Security Trustee in accordance with Clause 13 14 (Notices) promptly upon becoming aware thereof of any Issuer Account Bank Termination Event or any event which with the giving of notice or lapse of time or certification would or could entitle constitute the Issuer to serve a termination notice pursuant to Clauses 9.1 (Termination Events) or 9.2 (Termination option), the Issuer Cash Manager to serve a termination notice same pursuant to Clause 9.1 (Termination Events) or the Issuer Security Trustee to serve a notice of termination pursuant to Clause 9.4 9.3 (Termination by Issuer Security Trustee).

Appears in 1 contract

Samples: Bank Account Agreement

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Notification of Termination Event. Each of the Issuer, the Issuer Cash Manager and the Issuer Account Bank undertakes and agrees to notify the Issuer Security Trustee in accordance with Clause 13 (Notices) promptly upon becoming aware thereof of any event which would or could entitle the Issuer to serve a termination notice pursuant to Clauses 9.1 (Termination Events) or 9.2 (Termination option)9.2, the Issuer Cash Manager to serve a termination notice pursuant to Clause 9.1 (Termination Events) or the Issuer Security Trustee to serve a notice of termination pursuant to Clause 9.4 (Termination by Issuer Security Trustee)Clauses 9.2 or 9.4.

Appears in 1 contract

Samples: Issuer Bank Account Agreement

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