Common use of Trustee undertakings Clause in Contracts

Trustee undertakings. Party B undertakes that it will: (i) exercise its right of indemnity out of the assets of the Trust; (ii) observe its obligations under the Master Trust Deed and otherwise as trustee of the Trust; (iii) not do anything which could impair its right of indemnity out of the assets of the Trust; and (iv) be in possession or control of sufficient assets of the Trust to enable it to meet its obligation under this Agreement.

Trustee undertakings. Party B undertakes that it will, subject to its duties and obligations under the Master Trust Deed: (i) exercise its right rights of indemnity out of the assets of the TrustSecuritisation Fund; (ii) observe its obligations under the Master Trust Deed and otherwise as trustee of the Trust;Securitisation Fund; and (iii) not knowingly do anything which could impair its right of indemnity out of the assets of the Trust; and (iv) be in possession or control of sufficient assets of the Trust to enable it to meet its obligation under this AgreementSecuritisation Fund.

Trustee undertakings. Party B undertakes that it will: (i) exercise its right of indemnity out of the assets of the Trust; (ii) observe its obligations under the Master Trust Deed and otherwise as trustee of the Trust; (iii) not do anything which could impair its right of indemnity out of the assets of the Trust; andand ------------------------------------------------------------------------------- PAGE 29 INTEREST RATE SWAP SCHEDULE -------------------------------------------------------------------------------- (iv) be in possession or control of sufficient assets of the Trust to enable it to meet its obligation obligations under this Agreement.

Trustee undertakings. Party B undertakes that it will, subject to its duties and obligations under the Master Trust Deed: (i) exercise its right of indemnity out of the assets of the Trustrelevant Securitisation Fund; (ii) observe its obligations under the Master Trust Deed and otherwise as trustee of the Trustrelevant Securitisation Fund; (iii) not do anything which could impair its right of indemnity out of the assets of the Trustrelevant Securitisation Fund; and (iv) be in possession or control of sufficient assets of the Trust to enable it to meet its obligation under this Agreement.

Trustee undertakings. Party B undertakes that it will: (i) exercise its right of indemnity out of the assets of the Trust; (ii) observe its obligations under the Master Trust Deed and otherwise as trustee of the Trust; (iii) not do anything which could impair its right of indemnity out of the assets of the Trust; andand -------------------------------------------------------------------------------- Page 29 INTEREST RATE SWAP SCHEDULE -------------------------------------------------------------------------------- (iv) be in possession or control of sufficient assets of the Trust to enable it to meet its obligation obligations under this Agreement.