Common use of Security, Enforcement and Limited Recourse Clause in Contracts

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Eighth Issuer Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Eighth Issuer Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, subject to the provisions of the Eighth Issuer Deed of Charge.

Appears in 18 contracts

Samples: Master Agreement (Permanent Financing (No. 8) PLC), Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)

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Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Eighth Seventh Issuer Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Eighth Seventh Issuer Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, subject to the provisions of the Eighth Seventh Issuer Deed of Charge.

Appears in 12 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Eighth Sixth Issuer Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Eighth Sixth Issuer Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, subject to the provisions of the Eighth Sixth Issuer Deed of Charge.

Appears in 9 contracts

Samples: Master Agreement (Permanent Financing (No. 6) PLC), The Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Financing (No. 6) PLC)

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Master Issuer Security Trustee to be bound by the terms of the Eighth Master Issuer Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Eighth Master Issuer Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, subject to the provisions of the Eighth Master Issuer Deed of Charge.

Appears in 8 contracts

Samples: Master Agreement (Permanent Master Issuer PLC), Master Agreement (Permanent Master Issuer PLC), Master Agreement (Permanent Master Issuer PLC)

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Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Eighth Fifth Issuer Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Eighth Fifth Issuer Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, subject to the provisions of the Eighth Fifth Issuer Deed of Charge.

Appears in 6 contracts

Samples: Master Agreement (Permanent Financing (No. 5) PLC), Master Agreement (Permanent Financing (No. 5) PLC), Master Agreement (Permanent Financing (No. 5) PLC)

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Eighth Master Issuer Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Eighth Master Issuer Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, subject to the provisions of the Eighth Master Issuer Deed of Charge.

Appears in 2 contracts

Samples: Master Agreement (Permanent Funding (No. 2) LTD), Master Agreement (Permanent Funding (No. 2) LTD)

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