Common use of Receivables Trust Deed Clause in Contracts

Receivables Trust Deed. The Receivables Trustee hereby declares that (1) on the date of this Deed, each of the Transferors and the Investor Beneficiary have transferred to the Receivables Trustee the sum of [GBP]1 to be held on trust on an undivided basis for the benefit of the Transferor Beneficiaries and the Investor Beneficiary as the initial Beneficiaries, and (2) the Receivables Trustee shall hold all Trust Property absolutely upon the trusts herein contained and described in this Clause 2.1 (and for the purposes referred to in this Clause 2.1) for the Investor Beneficiary and the Transferor Beneficiaries as the initial Beneficiaries, and for each nominated Affiliate of the Transferor Beneficiaries which accedes from time to time to the RSA as an Additional Transferor, and for each other person that becomes a Beneficiary pursuant to Clause 4. The Receivables Trustee shall hereby declare the following trusts held on the following basis for the following Beneficiaries:

Receivables Trust Deed. The Receivables Trustee hereby declares that (1) on the date of this Deed, each of the Transferors and the Investor Beneficiary and the Dormant Investor Beneficiary have each transferred the sum of (pound)2 and the Transferor has transferred the sum of (pound)2 to the Receivables Trustee the sum of [GBP]1 to be held on trust on an undivided basis for the benefit of the Transferor Beneficiaries Beneficiary, the Investor Beneficiary and the Dormant Investor Beneficiary as the initial Beneficiaries, and (2) the Receivables Trustee shall hold all Trust Property absolutely upon the trusts herein contained and described in this Clause 2.1 (and for the purposes referred to in this Clause 2.1) for the Investor Beneficiary, the Dormant Investor Beneficiary and the Transferor Beneficiaries Beneficiary as the initial Beneficiaries, and for each nominated Affiliate of the Transferor Beneficiaries which accedes from time to time to the RSA as an Additional Transferor, and for each other person that becomes a Beneficiary pursuant to Clause 4. The Receivables Trustee shall hereby declare declares the following trusts held on the following basis for the following Beneficiaries:

Receivables Trust Deed. The Receivables Trustee hereby declares and acknowledges that (1) on the date of this Deed, each of the Transferors and the Investor Beneficiary have Transferor has transferred to the Receivables Trustee the sum of [GBP]1 £10 to be held on trust on an undivided basis for the benefit of the Transferor Beneficiaries Beneficiary and the Investor Beneficiary Loan Note Issuer as the initial Beneficiaries, and (2) the Receivables Trustee shall hold all Trust Property absolutely upon the trusts herein contained and described in this Clause 2.1 3.1 (and for the purposes referred to in this Clause 2.13.1) for each of the Investor Beneficiary Loan Note Issuer and the Transferor Beneficiaries Beneficiary as the initial Beneficiaries, and for each nominated Affiliate of the Transferor Beneficiaries which accedes from time to time to the RSA as an Additional Transferor, and for each other person that becomes a Beneficiary pursuant to Clause 45 (Trust Register and Additional Beneficiaries). The Transferor Beneficiary has agreed to pay the Transferor Servicing Fee Amount to the Receivables Trustee as further consideration for the grant of the Transferor Interest. The Receivables Trustee shall hereby declare declares the following trusts held on the following basis for the following Beneficiariesbeneficiaries: