OCCURRENCE OF EVENTS OF DEFAULT. The Trustee at its discretion may, and if so requested by the Priority Secured Creditor of a Series shall (in each case, provided the Trustee is secured, indemnified, or both, to its satisfaction) give notice (an "ENFORCEMENT NOTICE") to the Issuer that the Notes of such Series are, and they shall accordingly immediately become, due and repayable, at their Redemption Amount together with accrued interest, Deferred Interest and Additional Interest, if any, or as otherwise specified in the Applicable Supplement and the Security constituted by the Trust Deed in respect of such Series shall thereupon become enforceable (as provided in the Trust Deed) on the occurrence of any of the following events (each an "EVENT OF DEFAULT"):
Appears in 4 contracts
Samples: Security Trust Deed and MTN Cash Management Agreement (Barclaycard Funding PLC), Security Trust Deed and MTN Cash Management Agreement (Barclaycard Funding PLC), Security Trust Deed and MTN Cash Management Agreement (Barclaycard Funding PLC)
OCCURRENCE OF EVENTS OF DEFAULT. The Trustee at its discretion may, and if so requested by the Priority Secured Creditor of a Series shall (in each case, provided the Trustee is secured, indemnified, or both, to its satisfaction) give notice (an "ENFORCEMENT NOTICEEnforcement Notice") to the Issuer that the Notes of such Series are, and they shall accordingly immediately become, due and repayable, at their Redemption Amount together with accrued interest, Deferred Interest and Additional Interest, if any, or as otherwise specified in the Applicable Supplement and the Security constituted by the Trust Deed in respect of such Series shall thereupon become enforceable (as provided in the Trust Deed) on the occurrence of any of the following events (each an "EVENT OF DEFAULTEvent of Default"):
Appears in 1 contract
Samples: Security Trust Deed and MTN Cash Management Agreement (Gracechurch Receivables Trustee LTD)
