Common use of RECEIVABLES TRUSTEE TO ACT; APPOINTMENT OF SUCCESSOR Clause in Contracts

RECEIVABLES TRUSTEE TO ACT; APPOINTMENT OF SUCCESSOR. (a) On and after the receipt by the Trust Cash Manager and any Co-Trust Cash Manager of a Termination Notice pursuant to Clause 11.1, the Trust Cash Manager and any Co-Trust Cash Manager shall continue to perform their respective Trust Cash Management functions under this Deed until the date specified in the Termination Notice or otherwise specified by the Receivables Trustee in writing or, if no such date is specified in such Termination Notice, or otherwise specified by the Receivables Trustee, until a date mutually agreed upon by the Trust Cash Manager, any Co-Trust Cash Manager and Receivables Trustee. The Receivables Trustee shall notify each Rating Agency of such removal of the Trust Cash Manager and any Co-Trust Cash Managers. The Receivables Trustee shall, as promptly as possible after the giving of a Termination Notice, appoint a successor Trust Cash Manager (the "SUCCESSOR TRUST CASH MANAGER") which shall at the time of its appointment as Successor Trust Cash Manager be an Eligible Trust Cash Manager, and such Successor Trust Cash Manager shall accept its appointment by a written assumption in a form acceptable to the Receivables Trustee.

RECEIVABLES TRUSTEE TO ACT; APPOINTMENT OF SUCCESSOR. (a) On and after the receipt by the Trust Cash Manager and any Co-Trust Cash Manager of a Termination Notice pursuant to Clause 11.1, the Trust Cash Manager and any Co-Trust Cash Manager shall continue to perform their respective Trust Cash Management functions under this Deed until the date specified in the Termination Notice or otherwise specified by the Receivables Trustee in writing or, if no such date is specified in such Termination Notice, or otherwise specified by the Receivables Trustee, until a date mutually agreed upon by the Trust Cash Manager, any Co-Trust Cash Manager and Receivables Trustee. The Receivables Trustee shall notify each Rating Agency of such removal of the Trust Cash Manager and any Co-Trust Cash Managers. The Receivables Trustee shall, as promptly as possible after the giving of a Termination Notice, appoint a successor Trust Cash Manager (the "SUCCESSOR TRUST CASH MANAGER") which shall at the time of its appointment as Successor Trust Cash Manager be an Eligible Trust Cash Manager, and such Successor Trust Cash Manager shall accept its appointment by a written assumption in a form acceptable to the Receivables Trustee.

RECEIVABLES TRUSTEE TO ACT; APPOINTMENT OF SUCCESSOR. (azzzzz) On and after the receipt by the Trust Cash Manager and any Co-Trust Cash Manager of a Termination Notice pursuant to Clause 11.1, the Trust Cash Manager and any Co-Trust Cash Manager shall continue to perform their respective Trust Cash Management functions under this Deed until the date specified in the Termination Notice or otherwise specified by the Receivables Trustee in writing or, if no such date is specified in such Termination Notice, or otherwise specified by the Receivables Trustee, until a date mutually agreed upon by the Trust Cash Manager, any Co-Trust Cash Manager and Receivables Trustee. The Receivables Trustee shall notify each Rating Agency of such removal of the Trust Cash Manager and any Co-Trust Cash Managers. The Receivables Trustee shall, as promptly as possible after the giving of a Termination Notice, appoint a successor Trust Cash Manager (the "SUCCESSOR TRUST CASH MANAGER") which shall at the time of its appointment as Successor Trust Cash Manager be an Eligible Trust Cash Manager, and such Successor Trust Cash Manager shall accept its appointment by a written assumption in a form acceptable to the Receivables Trustee.