Rights of Beneficiaries. Each Beneficiary of the Receivables Trust will belong to one of the categories of Beneficiaries set out below for the purposes of this Deed. The calculation of its beneficial entitlement to Trust Property, unless otherwise specified herein, shall be specified in any related Supplement. The categories of Beneficiaries are as follows: (a) INVESTOR BENEFICIARY The beneficial entitlement of each Investor Beneficiary to Trust Property shall be specified in the related Supplement and shall be expressed to constitute or form part of a Series.
Appears in 2 contracts
Samples: Deed of Amendment and Restatement (Gracechurch Receivables Trustee LTD), Trust and Cash Management Agreement (Gracechurch Receivables Trustee LTD)
Rights of Beneficiaries. Each Beneficiary of the Receivables Trust will belong to one of the categories of Beneficiaries set out below for the purposes of this Deed. The calculation of its beneficial entitlement to Trust Property, and calculations for the purposes of allocation, unless otherwise specified herein, shall be specified in any related Supplement. The categories of Beneficiaries are as follows:
(a) INVESTOR BENEFICIARY The beneficial entitlement of each Investor Beneficiary to Trust Property shall be specified in the this Deed or in a Supplement related Supplement and shall be expressed to constitute or form part of a Seriessuch Investor Beneficiary.
Appears in 2 contracts
Samples: Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD), Receivables Trust Deed and Trust Cash Management Agreement (Arran Funding LTD)
Rights of Beneficiaries. Each Beneficiary of the Receivables Trust will belong to one of the categories of Beneficiaries set out below for the purposes of this Deed. The calculation of its beneficial entitlement to Trust Property, unless otherwise specified herein, shall be specified in any related Supplement. The categories of Beneficiaries are as follows:
(a) INVESTOR BENEFICIARY The beneficial entitlement of each Investor Beneficiary to Trust Property shall be specified in the related Supplement and shall be expressed to constitute or form part of a Series.
Appears in 2 contracts
Samples: Deed of Amendment and Restatement (Barclaycard Funding PLC), Deed of Amendment and Restatement (Barclaycard Funding PLC)
Rights of Beneficiaries. Each Beneficiary of the Receivables Trust will belong to one of the categories of Beneficiaries set out below for the purposes of this Deed. The calculation of its beneficial entitlement to Trust Property, unless otherwise specified hereinand calculations for the purposes of allocation, shall be specified herein and in any related SupplementSupplement (always having regard to Clause 4.6(a)(iii)). The categories of Beneficiaries are as follows:
(a) INVESTOR BENEFICIARY BENEFICIARIES The beneficial entitlement of each an Investor Beneficiary to Trust Property shall be specified in the this Deed and in a Supplement related Supplement and shall be expressed to constitute or form part of a Seriessuch Investor Beneficiary.
Appears in 1 contract
Samples: Receivables Trust Deed and Servicing Agreement (Turquoise Receivables Trustee LTD)
