Common use of Payments to the Issuer Clause in Contracts

Payments to the Issuer. Notwithstanding the Issuer Security but subject as provided otherwise in this Deed, each of the parties acknowledges that each Issuer Secured Creditor and each other party to any Issuer Transaction Document may continue to make all payments becoming due to the Issuer under any Issuer Transaction Document in the manner envisaged by that document until receipt of written notice from the Issuer Security Trustee or any Receiver requiring payments to be made otherwise.

Payments to the Issuer. Notwithstanding the Issuer Security but subject as provided otherwise in this Deed, each of the parties acknowledges that each Issuer Secured Creditor and each other party to any Issuer Transaction Charged Document may continue to make all payments becoming due to the Issuer under any Issuer Transaction Document in the manner envisaged by that document until receipt of written notice from the Issuer Security Trustee or any Receiver stating that the Security has become enforceable and requiring payments to be made otherwiseotherwise following the service of an Enforcement Notice on the Issuer.