Common use of Notification of Termination Event Clause in Contracts

Notification of Termination Event. Each of the Mortgages Trustee, Funding 1, Funding 2, the Cash Manager and the Account Bank undertakes and agrees to notify the Funding 1 Security Trustee and the Funding 2 Security Trustee in accordance with Clause 12 promptly upon becoming aware thereof of any event which would or could entitle the Funding 1 Security Trustee and the Funding 2 Security Trustee to serve a notice of termination pursuant to Clause 8.4.

Appears in 3 contracts

Samples: Account Agreement (Permanent Funding (No. 2) LTD), Account Agreement (Permanent Funding (No. 2) LTD), Account Agreement (Permanent Funding (No. 2) LTD)

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Notification of Termination Event. Each of the Mortgages Trustee, Funding 1, Funding 2, the Cash Manager and the Account Bank undertakes and agrees to notify the Funding 1 Security Trustee and the Funding 2 Security Trustee in accordance with Clause 12 promptly upon becoming aware thereof of any event which would or could entitle the Funding 1 Security Trustee and the Funding 2 Security Trustee to serve a notice of termination pursuant to Clause 8.48.5.

Appears in 1 contract

Samples: Account Agreement

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Notification of Termination Event. Each of the Mortgages Trustee, Funding 1, Funding 2, the Cash Manager and the Account Bank undertakes and agrees to notify the Funding 1 Security Trustee and the Funding 2 Security Trustee in accordance with Clause 12 promptly upon becoming aware thereof of any event which would or could entitle the Funding 1 Security Trustee and the Funding 2 Security Trustee to serve a notice of termination pursuant to Clause 8.4.

Appears in 1 contract

Samples: Account Agreement (Permanent Funding (No. 2) LTD)

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