Common use of OPERATION OF ADDITIONAL MASTER ISSUER ACCOUNTS Clause in Contracts

OPERATION OF ADDITIONAL MASTER ISSUER ACCOUNTS. In the event that an Additional Master Issuer Account is created pursuant to Clause 3.1, the relevant account shall be operated in accordance with the following provisions: (a) subject to Clause 7.3, the relevant Master Issuer Account Bank shall comply with any direction of the Master Issuer Cash Manager to effect a payment by debiting the relevant Additional Master Issuer Account if such direction (i) is in writing or is given by the internet banking service provided by the relevant Master Issuer Account Bank or otherwise; and (ii) complies with the mandates of such Additional Master Issuer Account; (b) the relevant Master Issuer Account Bank shall be entitled to rely on any direction given by telephone which, in its opinion (acting reasonably and in good faith), purports to be given by any Authorised Signatory referred to in the mandates of the relevant Additional Master Issuer Account, from time to time and in respect of which the person giving the direction quotes a code reference notified in writing by the Master Issuer Cash Manager from time to time to the relevant Master Issuer Account Bank and no delay in giving (or the absence of giving) the written confirmation of any such direction shall affect the validity of, or time of giving, the relevant telephone direction; (c) the relevant Master Issuer Account Bank agrees that if directed pursuant to Clause 3.2(a) to make any payment then, subject to Clauses 3.2(e) and 7.3 below, it will do so prior to close of business on the Business Day on which such direction is received and for value that day, provided that, if any direction is received later than 12.00 p.m. (London time) on any Business Day, the relevant Master Issuer Account Bank shall make such payment at the commencement of business on the following Business Day for value that day; (d) the charges of the Master Issuer Sterling Account Bank and the Master Issuer Non-Sterling Account Bank for the operation of the Additional Master Issuer Accounts (if established) shall be debited to the relevant Additional Master Issuer Account only on the first day of each month (or, if such day is not a Business Day, the next succeeding Business Day) in the case of the Master Issuer Sterling Account Bank and on each Interest Payment Date in the case of the Master Issuer Non-Sterling Account Bank, in each case in accordance with the order of priority set out in the Master Issuer Cash Management Agreement or following enforcement of the Master Issuer Security, the Master Issuer Deed of Charge, and the Master Issuer by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable at the same rates as are generally applicable to the business customers of the relevant Master Issuer Account Bank; and (e) notwithstanding the provisions of Clause 3.2(a), and subject to the Master Issuer Deed of Charge, amounts shall only be withdrawn from an Additional Master Issuer Account to the extent that such withdrawals do not cause that Additional Master Issuer Account to become overdrawn.

OPERATION OF ADDITIONAL MASTER ISSUER ACCOUNTS. In the event that an Additional Master Issuer Account is created pursuant to Clause 3.1, the relevant account shall be operated in accordance with the following provisions: (a) subject to Clause 7.3, the relevant Master Issuer Account Bank shall comply with any direction of the Master Issuer Cash Manager to effect a payment by debiting the relevant Additional Master Issuer Account if such direction (i) is in writing or is given by the internet banking service provided by the relevant Master Issuer Account Bank or otherwise; and otherwise (ii) complies with the mandates of such Additional Master Issuer Account; (b) the relevant Master Issuer Account Bank shall be entitled to rely on any direction given by telephone which, in its opinion (acting reasonably and in good faith), purports to be given by any Authorised Signatory referred to in the mandates of the relevant Additional Master Issuer Account, from time to time and in respect of which the person giving the direction quotes a code reference notified in writing by the Master Issuer Cash Manager from time to time to the relevant Master Issuer Account Bank and no delay in giving (or the absence of giving) the written confirmation of any such direction shall affect the validity of, or time of giving, the relevant telephone direction; (c) the relevant Master Issuer Account Bank agrees that if directed pursuant to Clause 3.2(a) to make any payment then, subject to Clauses 3.2(e) and 7.3 below, it will do so prior to close of business on the London Business Day on which such direction is received and for value that day, provided that, if any direction is received later than 12.00 2.30 p.m. (London time) or, in the case of a payment to another account with the Master Issuer Account Bank at the same branch, 4.00 p.m. (London time) on any London Business Day, the relevant Master Issuer Account Bank shall make such payment at the commencement of business on the following London Business Day for value that day; (d) the charges of the Master Issuer Sterling Account Bank and the Master Issuer Non-Sterling Account Bank for the operation of the Additional Master Issuer Accounts (if established) shall be debited to the relevant Additional Master Issuer Account only on the first day of each month (or, if such day is not a Business Day, the next succeeding Business Day) in the case of the Master Issuer Sterling Account Bank and on each Interest Payment Date in the case of the Master Issuer Non-Sterling Account Bank, in each case in accordance with the order of priority set out in the Master Issuer Cash Management Agreement or following enforcement of the Master Issuer Security, the Master Issuer Deed of Charge, and the Master Issuer by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable at the same rates as are generally applicable to the business customers of the relevant Master Issuer Account Bank; and (e) notwithstanding the provisions of Clause 3.2(a), and subject to the Master Issuer Deed of Charge, amounts shall only be withdrawn from an Additional Master Issuer Account to the extent that such withdrawals do not cause that Additional Master Issuer Account to become overdrawn.

OPERATION OF ADDITIONAL MASTER ISSUER ACCOUNTS. In the event that an Additional Master Issuer Account is created pursuant to Clause 3.1, the relevant account shall be operated in accordance with the following provisions: (a) subject to Clause 7.3, the relevant Master Issuer Account Bank shall comply with any direction of the Master Issuer Cash Manager to effect a payment by debiting the relevant Additional Master Issuer Account if such direction (i) is in writing or is given by the internet banking service provided by the relevant Master Issuer Account Bank or otherwise; and otherwise (ii) complies with the mandates of such Additional Master Issuer Account; (b) the relevant Master Issuer Account Bank shall be entitled to rely on any direction given by telephone which, in its opinion (acting reasonably and in good faith), purports to be given by any Authorised Signatory referred to in the mandates of the relevant Additional Master Issuer Account, from time to time and in respect of which the person giving the direction quotes a code reference notified in writing by the Master Issuer Cash Manager from time to time to the relevant Master Issuer Account Bank and no delay in giving (or the absence of giving) the written confirmation of any such direction shall affect the validity of, or time of giving, the relevant telephone direction; (c) the relevant Master Issuer Account Bank agrees that if directed pursuant to Clause 3.2(a) to make any payment then, subject to Clauses 3.2(e) and 7.3 below7.3, it will do so prior to close of business on the London Business Day on which such direction is received and for value that day, provided that, if any direction is received later than 12.00 2.30 p.m. (London time) or, in the case of a payment to another account with the Master Issuer Account Bank at the same branch, 4.00 p.m. (London time) on any London Business Day, the relevant Master Issuer Account Bank shall make such payment at the commencement of business on the following London Business Day for value that day; (d) the charges of the Master Issuer Sterling Account Bank and the Master Issuer Non-Sterling Account Bank for the operation of the Additional Master Issuer Accounts (if established) shall be debited to the relevant Additional Master Issuer Account only on the first day of each month (or, if such day is not a Business Day, the next succeeding Business Day) in the case of the Master Issuer Sterling Account Bank and on each Interest Payment Date in the case of the Master Issuer Non-Sterling Account Bank, in each case in accordance with the order of priority set out in the Master Issuer Cash Management Agreement or following enforcement of the Master Issuer Security, the Master Issuer Deed of Charge, and the Master Issuer by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable at the same rates as are generally applicable to the business customers of the relevant Master Issuer Account Bank; and (e) notwithstanding the provisions of Clause 3.2(a), and subject to the Master Issuer Deed of Charge, amounts shall only be withdrawn from an Additional Master Issuer Account to the extent that such withdrawals do not cause that Additional Master Issuer Account to become overdrawn.

OPERATION OF ADDITIONAL MASTER ISSUER ACCOUNTS. In the event that an Additional Master Issuer Account is created pursuant to Clause 3.1, the relevant account shall be operated in accordance with the following provisions: (a) subject to Clause 7.3, the relevant Master Issuer Account Bank shall comply with any direction of the Master Issuer Cash Manager to effect a payment by debiting the relevant Additional Master Issuer Account if such direction (i) is in writing or is given by the internet banking service provided by the relevant Master Issuer Account Bank or otherwise; and (ii) complies with the mandates of such Additional Master Issuer Account; (b) the relevant Master Issuer Account Bank shall be entitled to rely on any direction given by telephone which, in its opinion (acting reasonably and in good faith), purports to be given by any Authorised Signatory referred to in the mandates of the relevant Additional Master Issuer Account, from time to time and in respect of which the person giving the direction quotes a code reference notified in writing by the Master Issuer Cash Manager from time to time to the relevant Master Issuer Account Bank and no delay in giving (or the absence of giving) the written confirmation of any such direction shall affect the validity of, or time of giving, the relevant telephone direction; (c) the relevant Master Issuer Account Bank agrees that if directed pursuant to Clause 3.2(a) to make any payment then, subject to Clauses 3.2(e) and 7.3 below, it will do so prior to close of business on the Business Day on which such direction is received and for value that day, provided that, if any direction is received later than 12.00 p.m. (London time) on any Business Day, the relevant Master Issuer Account Bank shall make such payment at the commencement of business on the following Business Day for value that day; (d) the charges of the Master Issuer Sterling Account Bank and the Master Issuer Non-Sterling Account Bank for the operation of the Additional Master Issuer Accounts (if established) shall be debited to the relevant Additional Master Issuer Account only on the first day of each month (or, if such day is not a Business Day, the next succeeding Business Day) in the case of the Master Issuer Sterling Account Bank and on each Interest Payment Date in the case of the Master Issuer Non-Sterling Account BankBank , in each case in accordance with the order of priority set out in the Master Issuer Cash Management Agreement or following enforcement of the Master Issuer Security, the Master Issuer Deed of Charge, and the Master Issuer by its execution hereof irrevocably agrees that this shall be done. The charges shall be payable at the same rates as are generally applicable to the business customers of the relevant Master Issuer Account Bank; and (e) notwithstanding the provisions of Clause 3.2(a), and subject to the Master Issuer Deed of Charge, amounts shall only be withdrawn from an Additional Master Issuer Account to the extent that such withdrawals do not cause that Additional Master Issuer Account to become overdrawn.