Common use of Security Interest Clause in Contracts

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 55 contracts

Samples: Isda Master Agreement (Granite Mortgages 03-2 PLC), Isda Master Agreement (Granite Mortgages 04-2 PLC), Isda Master Agreement (Granite Mortgages 03-3 PLC)

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Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Bond Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge Security Agreement (as defined in the Master Definitions and Construction Agreement) and acknowledges notice of such assignment, it being noted that Party A is not assigning any of its rights hereunder under the Security Agreement. Each of the parties hereby confirms and agrees that the Note Bond Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 23 contracts

Samples: 2002 Master Agreement, 2002 Master Agreement, Covered Bond Master Agreement

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Fourth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 14 contracts

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Financing (No. 5) PLC), Master Agreement (Permanent Mortgages Trustee LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Eighth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 12 contracts

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

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Sixth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 12 contracts

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

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Master Issuer Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Master Issuer Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 11 contracts

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

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Funding 1 Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 11 contracts

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

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge (as defined in Part 5 hereof) and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 11 contracts

Samples: Isda Schedule, Amendment and Restatement Agreement, Amendment and Restatement Agreement

Security Interest. Notwithstanding Section Clause 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Master Issuer Security Trustee (or any successor theretothereto or permitted transferee) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Master Issuer Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Master Issuer Security Trustee (or any successor theretothereto or permitted transferee) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Master Issuer Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: Novation Agreement (Holmes Master Issuer), Master Agreement (Holmes Funding LTD), Isda Master Agreement (Holmes Master Issuer)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Sixth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Third Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Issuer Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Seventh Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Issuer Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 7 contracts

Samples: Master Agreement (Holmes Financing No 7 PLC), Master Agreement (Holmes Financing No 7 PLC), Master Agreement (Holmes Financing No 7 PLC)

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Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 3 contracts

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

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge (as defined in Part 5(o) (Additional Definitions) hereof) and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 2 contracts

Samples: Isda Schedule, Termination and Tax Representations Agreement

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Note Trust Deed of Charge and Note Trust Deed Supplement and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 2 contracts

Samples: Master Agreement (Turquoise Funding I LTD), Master Agreement (Turquoise Funding I LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests rights, title, interest and benefit present and future under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge (as defined in Part 5(o) (Additional Definitions) hereof) and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 1 contract

Samples: Initial Basis Hedge Agreement

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Second Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 1 contract

Samples: Schedule to the Master Agreement (Permanent Mortgages Trustee LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Funding 1 Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 1 contract

Samples: Funding Swap Schedule (Permanent Mortgages Trustee LTD)

Security Interest. Notwithstanding Section 77 (including, for the avoidance of doubt, the amendments to Section 7 contained in Part 5(j) (Transfer) below), Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Trust Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 1 contract

Samples: Isda Master Agreement (Arran Funding LTD)

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