Common use of THE MASTER ISSUER SECURITY TRUSTEE Clause in Contracts

THE MASTER ISSUER SECURITY TRUSTEE. The Master Issuer Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Master Issuer Cash Manager, any Master Issuer Account Bank or the Master Issuer hereunder. Any liberty or power which may be exercised or made by the Master Issuer Security Trustee shall be exercised or made in accordance with the provisions of the Master Issuer Deed of Charge and the Master Issuer Security Trustee shall have no obligation to provide reasons therefor.

Appears in 3 contracts

Samples: Master Issuer Bank Account Agreement, Master Issuer Bank Account Agreement, Master Issuer Bank Account Agreement (Holmes Funding LTD)

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THE MASTER ISSUER SECURITY TRUSTEE. The Master Issuer Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Master Issuer Cash Manager, any the Master Issuer Account Bank or the Master Issuer hereunder. Any Furthermore, any liberty or power which may be exercised or made by in the Master Issuer Security Trustee Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised or made in accordance with the provisions of the Master Issuer Deed of Charge and the Master Issuer Security Trustee shall have no obligation to provide reasons thereforCharge.

Appears in 3 contracts

Samples: Master Issuer Bank Account Agreement (Permanent Funding (No. 2) LTD), Master Issuer Bank Account Agreement (Permanent Funding (No. 2) LTD), Master Issuer Bank Account Agreement (Permanent Funding (No. 2) LTD)

THE MASTER ISSUER SECURITY TRUSTEE. The Master Issuer Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for obligation or liability whatsoever to any of the obligations of, nor assume any liabilities to, the Master Issuer Cash Manager, any Master Issuer Account Bank parties under or the Master Issuer hereunder. Any liberty arising from or power which may be exercised or made by virtue of the Master Issuer Security Trustee shall be exercised or made in accordance with the provisions of the Master Issuer Deed of Charge and the Master Issuer Security Trustee shall have no obligation joining as a party to provide reasons thereforthis Agreement.

Appears in 1 contract

Samples: Master Issuer Corporate Services Agreement (Holmes Funding LTD)

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THE MASTER ISSUER SECURITY TRUSTEE. The Master Issuer Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, obligation or liability whatsoever to the Master Issuer Cash Manager, any Master Issuer Account Bank Corporate Services Provider or the Master Issuer hereunder. Any liberty under or power which may be exercised arising from or made by virtue of the Master Issuer Security Trustee shall be exercised or made in accordance with the provisions of the Master Issuer Deed of Charge and the Master Issuer Security Trustee shall have no obligation joining as a party to provide reasons thereforthis Agreement.

Appears in 1 contract

Samples: Master Issuer Corporate Services Agreement (Permanent Funding (No. 2) LTD)

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