Common use of Subsequent Adjustment Clause in Contracts

Subsequent Adjustment. (a) Where Receivables in a Portfolio of Receivables have been acquired from an Approved Seller: (i) (interest) where so specified in the relevant Supplementary Terms Notice or Sale Notice, the Manager shall direct the Trustee after a Note Issue Date for a Trust to debit any interest or fees received by the Trustee in respect of a Receivable referred to in the corresponding Note Issue Direction, with an amount that represents accrued but unpaid interest on the Receivable up to the date specified for that purpose in the Supplementary Terms Notice, and to credit that amount to the relevant Approved Seller; (ii) (repaid principal) where so specified in the relevant Supplementary Terms Notice or Sale Notice, after the Note Issue Date the relevant Approved Seller will as soon as possible (but by close of business on the first Determination Date) pay to the Trustee, as an adjustment to the amount paid by the Trustee under clause 6.7(e), an amount equal to the amount of any principal received by the Approved Seller on or after the date specified for that purpose in the Sale Notice in respect of any Receivables referred to in the corresponding Note Issue Direction; (b) (other costs) subject to clause 12.10(a), the Manager may in its absolute discretion direct the Trustee on or at any time after a Note Issue Date for a Trust to debit or credit the corresponding Trust with such other amounts that the Manager believes are appropriate so that the Approved Seller has the benefit of any receipts, and bears the cost of any outgoings, in respect of each Receivable referred to in the corresponding Note Issue Master Trust Xxxx Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- Direction (and any corresponding Receivables, Receivable Security, Related Securities and Support Facilities) up to (but not including) the Note Issue Date and so that the relevant Trust has the benefit of such receipts, and bears such costs, from (and including) the Note Issue Date; and (c) (Trustee to act in accordance with direction) the Trustee or the Approved Seller (as the case may be) shall act in accordance with, and may rely on, a direction of the Manager in accordance with this clause 12.10.

Subsequent Adjustment. (a) Where Receivables in a Portfolio of Receivables have been acquired from an Approved Seller: (i) (interest) where so specified in the relevant Supplementary Terms Series Notice or Sale Notice, the Trust Manager shall direct the Trustee after a Note Issue Date for a Trust to debit any interest or fees received by the Trustee in respect of a Receivable referred to in the corresponding Note Issue Direction, with an amount that represents accrued but unpaid interest on the Receivable up to the date specified for that purpose in the Supplementary Terms Series Notice, and to credit that amount to the relevant Approved Seller; (ii) (repaid principal) where so specified in the relevant Supplementary Terms Series Notice or Sale Notice, after the Note Issue Date the relevant Approved Seller will as soon as possible (but by close of business on the first Determination Date) pay to the Trustee, as an adjustment to the amount paid by the Trustee under clause 6.7(e13.8(e), an amount equal to the amount of any principal received by the Approved Seller on or after the date specified for that purpose in the Sale Sales Notice in respect of any Receivables referred to in the corresponding Note Issue Direction; (b) (other costs) subject to clause 12.10(a8.10(a), the Trust Manager may in its absolute discretion direct the Trustee on or at any time after a Note Issue Date for a Trust to debit or credit the corresponding Trust with such other amounts that the Trust Manager believes are appropriate so that the Approved Seller has the benefit of any receipts, and bears the cost of any outgoings, in respect of each Receivable referred to in the corresponding Note Issue Master Trust Xxxx Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- Direction (and any corresponding Receivables, Receivable Security, Related Securities and Support Facilities) up to (but not including) the Note Issue Date and so that the relevant Trust has the benefit of such receipts, and bears such costs, from (and including) the Note Issue Date; and (c) (Trustee to act in accordance with direction) the Trustee or the Approved Seller (as the case may be) shall act in accordance with, and may rely on, a direction of the Trust Manager in accordance with this clause 12.108.10.