Examples of Current Issuer Transaction Accounts in a sentence
In administering the Current Issuer Transaction Accounts on behalf of the Current Issuer and the Note Trustee, the Current Issuer Cash Manager shall comply with the provisions of Schedule 2 prior to receipt by the Current Issuer Cash Manager of a copy of any Current Issuer Note Enforcement Notice served on the Current Issuer.
The Current Issuer Cash Manager undertakes (to the extent to which the same is within its control in its capacity as Current Issuer Cash Manager) that at the Closing Date the Current Issuer Transaction Accounts will be operative and that the Current Issuer Cash Manager will not knowingly create or permit to subsist any Security Interest in relation to the Current Issuer Transaction Accounts other than as created under or permitted pursuant to the Current Issuer Deed of Charge.
The Current Issuer Cash Manager hereby confirms that each of the Current Issuer Transaction Accounts have been established on or before the date hereof and that the mandates in the agreed form will apply thereto at the Closing Date.
Following service of a Current Issuer Note Enforcement Notice, the Note Trustee or any Receiver appointed by the Note Trustee will administer the Current Issuer Transaction Accounts in accordance with the terms of the Current Issuer Deed of Charge.
Except in the case of the Current Issuer Principal Deficiency Ledger, a debit item shall only be made in respect of any of the Current Issuer Ledgers, and the corresponding payment or transfer (if any) may only be made from the Current Issuer Transaction Accounts, to the extent that such entry does not cause the relevant ledger to have a debit balance.
Except in the case of the Current Issuer Principal Deficiency Ledger and except as provided in Clause 2.4.(b) of the Current Issuer Bank Account Agreement, a debit item shall only be made in respect of any of the Current Issuer Ledgers, and the corresponding payment or transfer (if any) may only be made from the Current Issuer Transaction Accounts, to the extent that such entry does not cause the relevant ledger to have a debit balance.
Except in the case of the Current Issuer Principal Deficiency Ledger and except as provided in Clause 2.4(b) of the Current Issuer Bank Account Agreement, a debit item shall only be made in respect of any of the Current Issuer Ledgers, and the corresponding payment or transfer (if any) may only be made from the Current Issuer Transaction Accounts, to the extent that such entry does not cause the relevant ledger to have a debit balance.
The Current Issuer Account Bank shall submit monthly written statements to the Current Issuer Cash Manager and, upon request, the Current Issuer and the Note Trustee setting out the amounts standing to the credit of each of the Current Issuer Transaction Accounts at the close of business on the London Business Day immediately preceding the date of each such statement within three London Business Days of the statement date.
In addition, prior to the service of an Intercompany Loan Enforcement Notice or a Current Issuer Note Enforcement Notice, the Note Trustee may terminate this Agreement and close the Current Issuer Transaction Accounts by serving a notice of termination if any of the events specified in Clause 8.1(a) to (f) (inclusive) (Termination Events) of this Agreement occurs in relation to the Current Issuer Account Bank.
Each of the Current Issuer Cash Manager and the Current Issuer undertakes that, so far as it is able to procure the same, the Current Issuer Transaction Accounts and all instructions and mandates in relation thereto will continue to be operative and will not, save as permitted pursuant to the Current Issuer Bank Account Agreement, be changed without the prior written consent of the Note Trustee (such consent not to be unreasonably withheld or delayed).