Common use of ROLE OF SECURITY TRUSTEE Clause in Contracts

ROLE OF SECURITY TRUSTEE. (a) If there is any change in the identity of the Security Trustee in accordance with the Deed of Charge, the Account Bank, the Cash Manager and the Issuer (and, if applicable, the GIC Provider) shall execute such documents and take such action as the successor Security Trustee and the outgoing Security Trustee may reasonably require for the purpose of vesting in the successor Security Trustee the rights and powers of the outgoing Security Trustee under this Agreement and releasing the outgoing Security Trustee from its future obligations under this Agreement.

ROLE OF SECURITY TRUSTEE. (a) If there is any change in the identity of the Security Trustee in accordance with the Deed of Charge, the Account Bank, the Cash Manager and the Issuer (and, if applicable, the GIC Provider) shall execute such documents and take such action as the successor Security Trustee security trustee and the outgoing Security Trustee may reasonably require for the purpose of vesting in the successor Security Trustee security trustee the rights and powers of the outgoing Security Trustee under this Agreement and releasing the outgoing Security Trustee from its future obligations under this Agreement.