Common use of Signing and Delivery of Mandates Clause in Contracts

Signing and Delivery of Mandates. The Master Issuer has delivered to the Master Issuer Account Bank prior to the Programme Date the Master Issuer Transaction Account Mandate in or substantially in the form set out in Schedule 1 hereto duly executed and relating to the Master Issuer Transaction Account, and the Master Issuer Account Bank hereby confirms to the Master Issuer Security Trustee that the Master Issuer Transaction Account Mandate has been provided to it, that the Master Issuer Transaction Account is open and that the Master Issuer Transaction Account Mandate is operative. The Master Issuer agrees that, if an Additional Master Issuer Account is opened pursuant to Clause 3.1 or a Master Issuer Swap Collateral Account is opened pursuant to Clause 3.3, it will deliver to the Master Issuer Account Bank a duly executed mandate relating to such Additional Master Issuer Account or, as the case may be, Master Issuer Swap Collateral Account. The Master Issuer Account Bank acknowledges that the Master Issuer Transaction Account Mandate and any other mandates delivered from time to time pursuant hereto shall be subject to the terms of the Master Issuer Deed of Charge and this Agreement.

Signing and Delivery of Mandates. The Master Issuer has delivered to the Master Issuer Account Bank Banks prior to the Programme Date the Master Issuer Transaction Account Mandate in or substantially in the form forms set out in Schedule 1 hereto duly executed and relating to the Master Issuer Transaction AccountAccounts, and the Master Issuer Account Bank Banks hereby confirms confirm to the Master Issuer Security Trustee that the Master Issuer Transaction Account Mandate has Mandates have been provided to it, that the Master Issuer Transaction Account is Accounts are open and that the Master Issuer Transaction Account Mandate is Mandates are operative. The Master Issuer agrees that, if an Additional Master Issuer Account is opened pursuant to Clause 3.1 or a Master Issuer Swap Collateral Account is opened pursuant to Clause 3.3, it will deliver to the relevant Master Issuer Account Bank a duly executed mandate relating to such Additional Master Issuer Account or, as the case may be, Master Issuer Swap Collateral Account. The Master Issuer Account Bank acknowledges Banks acknowledge that the their respective Master Issuer Transaction Account Mandate Mandates and any other mandates delivered from time to time pursuant hereto shall be subject to the terms of the Master Issuer Deed of Charge and this Agreement.