Common use of PAYMENTS TO THE MASTER ISSUER Clause in Contracts

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

Appears in 4 contracts

Samples: Master Issuer Deed of Charge (Holmes Master Issuer), Master Issuer Deed of Charge (Permanent Funding (No. 2) LTD), Master Issuer Deed of Charge (Holmes Funding LTD)

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