NOTIFICATION OF TRUST CASH MANAGER DEFAULT. Within two Business Days after the Trust Cash Manager or any Co-Trust Cash Manager becomes aware of any Trust Cash Manager Default, the Trust Cash Manager or relevant Co-Trust Cash Manager, as the case may be, shall give prompt written notice thereof to the Receivables Trustee, each Investor Beneficiary, each Rating Agency and any Enhancement Provider. Upon any termination or appointment of a Successor Trust Cash Manager pursuant to this Clause 11 the Receivables Trustee shall give prompt written notice thereof to each Investor Beneficiary at their respective addresses appearing in the Trust Certificate Register.
Appears in 4 contracts
Samples: Management Agreement (Barclaycard Funding PLC), Management Agreement (Barclaycard Funding PLC), Management Agreement (Gracechurch Receivables Trustee LTD)
NOTIFICATION OF TRUST CASH MANAGER DEFAULT. Within two Business Days after the Trust Cash Manager or any Co-Trust Cash Manager becomes aware of any Trust Cash Manager Default, the Trust Cash Manager or relevant Co-Trust Cash Manager, as the case may be, shall give prompt written notice thereof to the Receivables Trustee, each Investor Beneficiary, each Rating Agency and any Enhancement Provider. Upon any termination or appointment of a Successor Trust Cash Manager pursuant to this Clause 11 the Receivables Trustee shall give prompt written notice thereof to each Investor Beneficiary at their respective addresses appearing in the Trust Certificate Register.
Appears in 2 contracts
Samples: Arran Funding LTD, Arran Funding LTD
