Common use of Termination by Account Bank Clause in Contracts

Termination by Account Bank. The Account Bank may terminate this Agreement and cease to operate the Funding (Current Issuer) GIC Account at any time: (a) on giving not less than six months prior written notice thereof ending on any London Business Day which does not fall on either a Payment Date or less than 10 London Business Days before a Payment Date to each of the other parties hereto without assigning any reason therefor; and (b) on giving not less than three months' prior written notice thereof ending on any London Business Day which does not fall on either a Payment Date or less than 10 London Business Days before a Payment Date to each of the other parties hereto, if the Account Bank shall have demanded payment of its due charges or any interest and the same shall have remained unpaid for a period of two months, provided that if the relevant amounts have been paid on or before the date six weeks after the date of delivery of such notice then the notice shall have no effect, provided that such termination shall not take effect: (i) until a replacement financial institution or institutions (with a short-term, unguaranteed and unsubordinated debt obligation rating of at least A-1+ (in the case of S&P), P-1 (in the case of Moody's) and F1+ (in the case of Fitch)) shall have entered into an agreement in form and substance similar to this Agreement; and (ii) if the then current ratings of the Current Issuer Notes would be adversely affected thereby. In the event of such termination and cessation, the Account Bank shall assist the other parties hereto to effect an orderly transition of the banking arrangements documented hereby.

Termination by Account Bank. The Account Bank may terminate this Agreement and cease to operate the Funding (Current Issuer) GIC Account Bank Accounts at any time: (a) on giving not less than six months months' prior written notice thereof ending on any London Business Day which does not fall on either a Distribution Date, a Funding 1 Interest Payment Date or a Funding 2 Interest Payment Date or less than 10 London Business Days before a Payment Date any such date to each of the other parties hereto without assigning any reason therefor; and (b) on giving not less than three months' prior written notice thereof ending on any London Business Day which does not fall on either a Distribution Date, a Funding 1 Interest Payment Date or a Funding 2 Interest Payment Date or less than 10 London Business Days before a Payment Date any such date to each of the other parties hereto, if the Account Bank shall have demanded payment of its due charges or any interest and the same shall have remained unpaid for a period of two monthsone month, provided that if the relevant amounts have been paid on or before the date six weeks after the date of delivery of such notice then the notice shall have no effect, provided Provided that such termination shall not take effect: (i) until a replacement financial institution or institutions (in each case, (x) with a short-termterm unsecured, unsubordinated and unguaranteed and unsubordinated debt obligation rating of at least A-1+ (in the case of S&P), P-1 (in the case of Moody's) and F1+ (in the case of Fitch)Fitch Ratings) and (y) being an authorised institution under the Financial Services and Markets Act 2000) shall have entered into an agreement in form and substance similar to this Agreement; and (ii) if the then current ratings of the Current Issuer Notes would be adversely affected thereby. In either case the Account Bank shall not be responsible for any costs or expenses occasioned by such termination and cessation. In the event of such termination and cessation, cessation the Account Bank shall assist the other parties hereto to effect an orderly transition of the banking arrangements documented hereby.

Termination by Account Bank. The Account Bank may terminate this Agreement and cease to operate the Funding (Current Issuer) GIC Account Bank Accounts at any time: (a) on giving not less than six months months' prior written notice thereof ending on any London Business Day which does not fall on either a Distribution Date, a Funding 1 Interest Payment Date or a Funding 2 Interest Payment Date or less than 10 ten London Business Days before a Payment Date any such date to each of the other parties hereto without assigning any reason therefor; and (b) on giving not less than three months' prior written notice thereof ending on any London Business Day which does not fall on either a Distribution Date, a Funding 1 Interest Payment Date or a Funding 2 Interest Payment Date or less than 10 ten London Business Days before a Payment Date any such date to each of the other parties hereto, if the Account Bank shall have demanded payment of its due charges or any interest and the same shall have remained unpaid for a period of two monthsone month, provided that if the relevant amounts have been paid on or before the date six weeks after the date of delivery of such notice then the notice shall have no effect, provided Provided that such termination shall not take effect: (i) until a replacement financial institution or institutions (in each case, (x) with a short-termterm unsecured, unsubordinated and unguaranteed and unsubordinated debt obligation rating of at least A-1+ (in the case of S&P), P-1 (in the case of Moody's) and F1+ (in the case of Fitch)Fitch Ratings) and (y) xxxxx xn authorised institution under the Financial Services and Markets Act 2000) shall have entered into an agreement in form and substance similar to this Agreement; and (ii) if the then current ratings of the Current Issuer Notes would be adversely affected thereby. In either case the Account Bank shall not be responsible for any costs or expenses occasioned by such termination and cessation. In the event of such termination and cessation, cessation the Account Bank shall assist the other parties hereto to effect an orderly transition of the banking arrangements documented hereby.

Termination by Account Bank. The Account Bank may terminate this Agreement and cease to operate the Funding (Current Issuer) Transaction Account and/or the Funding GIC Account and/or the Mortgages Trustee GIC Account at any time: (a) on giving not less than six months months' prior written notice thereof ending on any London Business Day which does not fall on either a an Interest Payment Date or less than 10 London Business Days before a an Interest Payment Date to each of the other parties hereto without assigning any reason therefor; and (b) on giving not less than three months' prior written notice thereof ending on any London Business Day which does not fall on either a an Interest Payment Date or less than 10 London Business Days before a an Interest Payment Date to each of the other parties hereto, if the Account Bank shall have demanded payment of its due charges or any interest and the same shall have remained unpaid for a period of two three months, provided that if the relevant amounts have been paid on or before the date six weeks after the date of delivery of such notice then the notice shall have no effect, provided Provided that such termination shall not take effect: (i) until a replacement financial institution or institutions (with a short-termterm unsecured, unsubordinated and unguaranteed and unsubordinated debt obligation rating of at least A-1+ (in the case of S&P), P-1 (in the case of Moody'sXxxxx'x) and F1F-1+ (in the case of FitchFitch Ratings)) shall have entered into an agreement in form and substance similar to this Agreement; and (ii) if the then current ratings of the Current Issuer Notes would be adversely affected thereby. In either case the Account Bank shall not be responsible for any costs or expenses occasioned by such termination and cessation. In the event of such termination and cessation, cessation the Account Bank shall assist the other parties hereto to effect an orderly transition of the banking arrangements documented hereby.

Termination by Account Bank. The Account Bank may terminate this Agreement and cease to operate the Funding (Current Issuer) GIC Account Bank Accounts at any time: (a) on giving not less than six months months' prior written notice thereof ending on any London Business Day which does not fall on either a Distribution Date, a Funding 1 Interest Payment Date or a Funding 2 Interest Payment Date or less than 10 ten London Business Days before a Payment Date any such date to each of the other parties hereto without assigning any reason therefor; and (b) on giving not less than three months' prior written notice thereof ending on any London Business Day which does not fall on either a Distribution Date, a Funding 1 Interest Payment Date or a Funding 2 Interest Payment Date or less than 10 ten London Business Days before a Payment Date any such date to each of the other parties hereto, if the Account Bank shall have demanded payment of its due charges or any interest and the same shall have remained unpaid for a period of two monthsone month, provided that if the relevant amounts have been paid on or before the date six weeks after the date of delivery of such notice then the notice shall have no effect, provided Provided that such termination shall not take effect: (i) until a replacement financial institution or institutions (in each case, (x) with a short-termterm unsecured, unsubordinated and unguaranteed and unsubordinated debt obligation rating of at least A-1+ A-1 (in the case of S&P), P-1 (in the case of Moody's) and F1+ F1 (in xxx xxse of Fitch Ratings) and (y) being an authorised institution under the case of Fitch)Financial Services and Markets Act 2000) shall have entered into an agreement in form and substance similar to this Agreement; and (ii) if the then current ratings of the Current Issuer Notes would be adversely affected thereby. In either case the Account Bank shall not be responsible for any costs or expenses occasioned by such termination and cessation. In the event of such termination and cessation, cessation the Account Bank shall assist the other parties hereto to effect an orderly transition of the banking arrangements documented hereby.