Examples of Funding 2 Security Trustee in a sentence
For the avoidance of doubt, the parties to this Agreement acknowledge that the rights and obligations of the Funding 2 Security Trustee under this Agreement are governed by the Funding 2 Deed of Charge.
All notices served under this Agreement shall be simultaneously copied to the Funding 2 Security Trustee by the person serving the same.
The Funding 2 Security Trustee consents to the appointment of the Servicer on the terms of and subject to the conditions of this Agreement.
In any proceeding, action or claim relating to a Loan Tranche a statement as to any amount due to the Master Issuer under such Loan Tranche which is certified as being correct by an officer of the Funding 2 Security Trustee shall, unless otherwise provided in this Agreement, be prima facie evidence that such amount is in fact due and payable.
Funding 2 makes the representations and warranties set out in this Clause 13 to the Master Issuer and the Funding 2 Security Trustee (as trustee for each of the Funding 2 Secured Creditors).
Without prejudice to the obligations of Funding 2 under this Clause 4, neither the Funding 2 Security Trustee nor any of the Funding 2 Secured Creditors shall be obliged to concern themselves as to the application of amounts raised by Funding 2 under a Loan Tranche.
The Account Bank is hereby authorised by Funding 1, Funding 2 and the Mortgages Trustee to provide statements in respect of each Bank Account to the Cash Manager, the Funding 1 Security Trustee and the Funding 2 Security Trustee.
The Funding 1 Security Trustee and the Funding 2 Security Trustee have agreed to become parties to this Agreement for the better preservation and enforcement of their rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Cash Manager, the Account Bank, the Mortgages Trustee, Funding 1 or Funding 2 hereunder.
Unless and until directed otherwise by the Funding 1 Security Trustee and the Funding 2 Security Trustee in accordance with Clause 12, the Account Bank shall provide the Cash Manager with a written statement in respect of each Bank Account on a monthly basis and also as soon as reasonably practicable after receipt of a request for a statement.
The covenants of the Cash Manager in Clause 11.1 shall remain in force until this Agreement is terminated but without prejudice to any right or remedy of the Mortgages Trustee and/or Funding 1 and/or Funding 2 and/or the Funding 1 Security Trustee and/or the Funding 2 Security Trustee arising from breach of any such covenant prior to the date of termination of this Agreement.