TRUSTEE ACQUISITION ACCOUNT. (i) The Receivables Trustee has opened a bank account in its name for the benefit of the Beneficiaries of the Receivables Trust, at the Operating Bank (the "TRUSTEE ACQUISITION ACCOUNT") bearing a designation clearly indicating that the funds deposited therein are held on trust for the benefit of the Beneficiaries of the Receivables Trust.
Appears in 3 contracts
Samples: Management Agreement (Barclaycard Funding PLC), Management Agreement (Barclaycard Funding PLC), Management Agreement (Gracechurch Receivables Trustee LTD)
TRUSTEE ACQUISITION ACCOUNT. (i) The Receivables Trustee has opened a bank account in its name which it will hold and operate for the benefit of the Beneficiaries Undivided Bare Trust beneficiaries of the Receivables Trust, at the Operating Bank (the "TRUSTEE ACQUISITION ACCOUNT") bearing a designation clearly indicating that the funds deposited therein are held on trust for the benefit of the Beneficiaries beneficiaries of the Receivables Trust.
Appears in 2 contracts
Samples: Arran Funding LTD, Arran Funding LTD
TRUSTEE ACQUISITION ACCOUNT. (ixli) The Receivables Trustee has opened a bank account in its name for the benefit of the Beneficiaries of the Receivables Trust, at the Operating Bank (the "TRUSTEE ACQUISITION ACCOUNT") bearing a designation clearly indicating that the funds deposited therein are held on trust for the benefit of the Beneficiaries of the Receivables Trust.
Appears in 1 contract
Samples: Management Agreement (Gracechurch Receivables Trustee LTD)
