Common use of Vesting of Rights Clause in Contracts

Vesting of Rights. If there is any change in the identity of the security trustee in accordance with the Funding Deed of Charge, the Servicer, the Seller, each Funding Beneficiary, the Funding 2 Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement and releasing the outgoing security trustee from its future obligations under this Agreement. If there is any change in the identity of the security trustee in accordance with the Funding 2 Deed of Charge, the Servicer, the Seller, each Funding Beneficiary, the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement and releasing the outgoing security trustee from its future obligations under this Agreement.

Vesting of Rights. If there is any change in the identity of the security trustee in accordance with the Funding Deed of Charge, the ServicerSeller, the SellerMortgages Trustee, each Funding Beneficiary, Beneficiary and the Funding 2 Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement hereunder and releasing the outgoing security trustee from its future obligations under this AgreementAgreement and the Seller shall give notice thereof to the Rating Agencies. If there is any change in the identity of the security trustee in accordance with the Funding 2 Deed of Charge, the ServicerSeller, the SellerMortgages Trustee, each Funding Beneficiary, Beneficiary and the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement hereunder and releasing the outgoing security trustee from its future obligations under this AgreementAgreement and the Seller shall give notice thereof to the Rating Agencies.

Vesting of Rights. If there is any change in the identity of the security trustee in accordance with the Funding Deed of Charge, the ServicerSeller, the SellerMortgages Trustee, each Funding Beneficiary, Beneficiary and the Funding 2 Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement hereunder and releasing the outgoing security trustee from its future obligations under this AgreementAgreement and the Seller shall give notice thereof to the Rating Agencies. If there is any change in the identity of the security trustee in accordance with the Funding 2 Deed of Charge, the ServicerSeller, the SellerMortgages Trustee, each Funding Beneficiary, Beneficiary and the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement hereunder and releasing the outgoing security trustee from its future obligations under this AgreementDeed.

Vesting of Rights. If there is any change in the identity of the security trustee in accordance with the Funding Deed of Charge, the ServicerAdministrator, the Seller, each Funding Beneficiary, the Funding 2 Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement and releasing the outgoing security trustee from its future obligations under this Agreement. If there is any change in the identity of the security trustee in accordance with the Funding 2 Deed of Charge, the ServicerAdministrator, the Seller, each Funding Beneficiary, the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as the successor security trustee and the outgoing security trustee may reasonably require for the purpose of vesting in the successor security trustee the rights and obligations of the outgoing security trustee under this Agreement and releasing the outgoing security trustee from its future obligations under this Agreement.