Examples of Funding Secured Creditors in a sentence
Any appointment of a new Security Trustee and any retirement of an existing Security Trustee hereof shall as soon as practicable thereafter be notified by Funding to the Funding Secured Creditors.
The Funding Secured Creditors agree to amend and restate the Funding Priority of Payments set out in Part I and Part II of Schedule 3 of the Funding Deed of Charge in accordance with Appendix 1 hereto.
The power of appointing a new Security Trustee and removing the Security Trustee or any new Security Trustee shall be vested in Funding but such appointment or removal must be approved by the Note Trustee, after consultation with each of the Funding Secured Creditors (such approval not to be unreasonably withheld or delayed).
Any such authorisation or waiver shall be binding on the Funding Secured Creditors and, unless the Security Trustee otherwise agrees, notice thereof shall be given by Funding to the Funding Secured Creditors as soon as practicable thereafter.
Funding makes the representations and warranties set out in this Clause 13 to the Master Issuer and the Security Trustee (as trustee for each of the Funding Secured Creditors).
The Funding Secured Creditors shall co-operate and do all acts and enter into such further documents, deeds or agreements as the Security Trustee may deem necessary or desirable to ensure that an administration order is not made and that an administrative receiver is appointed.
Subject to the provisions of the Funding Transaction Documents (including, without limitation, Clause 14.10 (Acceleration) of the Intercompany Loan Terms and Conditions), in the event that an Intercompany Loan Enforcement Notice has been served (and not withdrawn) by the Security Trustee on Funding, the Security Trustee shall as soon as practicable serve a copy of that Intercompany Loan Enforcement Notice on the Funding Secured Creditors.
Funding makes the representations and warranties set out in this Clause 12 to each Issuer and the Security Trustee (as trustee for each of the Funding Secured Creditors).
Without prejudice to the obligations of Funding under this Clause 4, neither the Security Trustee nor any of the Funding Secured Creditors shall be obliged to concern themselves as to the application of amounts raised by Funding under a Term Advance.
None of the Funding Secured Creditors may assign, encumber or transfer all or any part of its rights or benefits and/or transfer its obligations under this Funding Deed of Charge without the prior written consent of the Security Trustee, save that each relevant Issuer may assign its rights under this Funding Deed of Charge without such consent to the Note Trustee under the First Issuer Deed of Charge or the relevant Issuer Deed of Charge applicable to such New Issuer, as the case may be.