Common use of Termination by Trustee Clause in Contracts

Termination by Trustee. Following the service of an Enforcement Notice, the Trustee may serve a notice of termination at any time on the Account Bank (with a copy to all the parties to this Agreement) and the Account Bank shall not be responsible for any costs or expenses occasioned by such termination and cessation.

Termination by Trustee. ‌ Following the service of an Enforcement Notice, the Trustee may serve a notice of termination at any time on the Account Bank (with a copy to all the parties to this Agreement) and the Account Bank shall not be responsible for any costs or expenses occasioned by such termination and cessation.