Common use of Permitted Enforcement Clause in Contracts

Permitted Enforcement. 25.1 Save as permitted by the Deed of Charge, the Seller and the Corporate Services Provider agrees with each of the Companies that it shall not take any steps for the purpose of recovering any sum under or in connection with this Agreement and shall not in any event take any steps to procure the winding- up, administration (including, for the avoidance of doubt, the filing of documents with the court or the service of a notice of intention to appoint an administrator) or liquidation of any of the Companies on any account whatsoever. 25.2 The Seller and the Corporate Services Provider hereby acknowledge and agree that all obligations of the Issuer to the Seller or the Corporate Services Provider in respect of amounts owing to the Seller or the Corporate Services Provider pursuant to this Agreement are subject to the terms of Clause 21.2 (Limited Recourse) of the Deed of Charge and, that until two years and one day has elapsed since the last day on which the Issuer has discharged all of its obligations in respect of the Notes, all amounts otherwise owed by the Companies other than the Issuer will be deferred.

Appears in 3 contracts

Samples: Corporate Services Agreement, Corporate Services Agreement, Corporate Services Agreement

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Permitted Enforcement. 25.1 Save as permitted by the Deed of Charge, each of the Seller and the Corporate Services Provider agrees with each of the Companies that it shall not take any steps for the purpose of recovering any sum under or in connection with this Agreement and shall not in any event take any steps to procure the winding- winding-up, administration (including, for the avoidance of doubt, the filing of documents with the court or the service of a notice of intention to appoint an administrator) or liquidation of any of the Companies on any account whatsoever. 25.2 The Seller and the Corporate Services Provider hereby acknowledge and agree that all obligations of the Issuer to the Seller or the Corporate Services Provider in respect of amounts owing to the Seller or the Corporate Services Provider pursuant to this Agreement are subject to the terms of Clause 21.2 (Limited Recourse) of the Deed of Charge and, that until two years and one day has elapsed since the last day on which the Issuer has discharged all of its obligations in respect of the Notes, all amounts otherwise owed by the Companies other than the Issuer will be deferred.

Appears in 2 contracts

Samples: Corporate Services Agreement, Corporate Services Agreement

Permitted Enforcement. 25.1 26.1 Save as permitted by the Deed of Charge, each of the Seller and the Corporate Services Provider agrees with each of the Companies that it shall not take any steps for the purpose of recovering any sum under or in connection with this Agreement and shall not in any event take any steps to procure the winding- winding-up, administration (including, for the avoidance of doubt, the filing of documents with the court or the service of a notice of intention to appoint an administrator) or liquidation of any of the Companies on any account whatsoever. 25.2 26.2 The Seller and the Corporate Services Provider hereby acknowledge and agree that all obligations of the Issuer to the Seller or the Corporate Services Provider in respect of amounts owing to the Seller or the Corporate Services Provider pursuant to this Agreement are subject to the terms of Clause 21.2 (Limited Recourse) of the Deed of Charge and, that until two years and one day has elapsed since the last day on which the Issuer has discharged all of its obligations in respect of the Notes, all amounts otherwise owed by the Companies other than the Issuer will be deferred.

Appears in 1 contract

Samples: Corporate Services Agreement

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Permitted Enforcement. 25.1 26.1 Save as permitted by the Deed of Charge, each of the Seller and the Corporate Services Provider agrees with each of the Companies that it shall not take any steps for the purpose of recovering any sum under or in connection with this Agreement and shall not in any event take any steps to procure the winding- winding-up, administration (including, for the avoidance of doubt, the filing of documents with w ith the court or the service of a notice of intention to appoint an administrator) or liquidation of any of the Companies on any account whatsoever. 25.2 26.2 The Seller and the Corporate Services Provider hereby acknowledge and agree that all obligations of the Issuer to the Seller or the Corporate Services Provider in respect of amounts owing to the Seller or the Corporate Services Provider pursuant to this Agreement are subject to the terms of Clause 21.2 (Limited Recourse) of the Deed of Charge and, that until two years and one day has elapsed since the last day on which the Issuer has discharged all of its obligations in respect of the Notes, all amounts otherwise owed by the Companies other than the Issuer will be deferred.

Appears in 1 contract

Samples: Corporate Services Agreement

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