Termination of Issuer Swaps. If an Issuer Swap Agreement terminates and the Issuer is unable to enter into replacement hedging arrangements, the Issuer shall instruct the Issuer Cash Manager to open, as necessary, the relevant Additional Issuer Account at the Issuer Account Bank. The Issuer shall deliver a mandate to the Issuer Account Bank relating to such Additional Issuer Account in accordance with this Agreement and the Issuer Deed of Charge.
Appears in 2 contracts
Samples: Issuer Bank Account Agreement, Issuer Bank Account Agreement
Termination of Issuer Swaps. If an any or all of the Issuer Swap Agreement terminates Agreements terminate and the Issuer is unable to enter into replacement hedging arrangements, the Issuer shall instruct the Issuer Cash Manager to open, as necessary, the relevant Additional Issuer Account at the Issuer Account Bank. The Issuer shall deliver a mandate to the Issuer Account Bank relating to such Additional Issuer Account in accordance with this Agreement and the Issuer Deed of Charge.
Appears in 2 contracts
Samples: Issuer Bank Account Agreement, Account Agreement (Permanent Funding (No. 2) LTD)
