Examples of Transaction Account Bank in a sentence
These uncertainties and instabilities could have an adverse impact on the business, financial condition, results of operations and prospects of the Issuer, the Debtors, the Portfolio and the Transaction Parties (including in particular, the Note Trustee, Issuer Security Trustee, Purchaser Security Trustee, Swap Counterparty, Transaction Account Bank, Arranger and the Joint Lead Managers), and could therefore also be materially detrimental to Noteholders.
The Second Transaction Account Bank shall have no liability or responsibility, in the case of any default by the Issuer, the Mortgages Trustee or Virgin Money under any of the Transaction Documents.
The First Transaction Account Bank shall be protected and incur no liability to the Issuer in respect of any action taken, or omitted, or permitted to be taken, or omitted, in accordance with such advice taken in accordance with this Clause 17.4.
The Second Transaction Account Bank and any Authorised Recipient may also transfer and disclose any such information as is required or requested by, or to, any court, legal process, FATCA, or Authority, including an auditor of any party and including any payor or payee as required by FATCA, and may use (and its performance will be subject to the rules of) any communications, clearing or payment systems, intermediary bank or other system.
The First Transaction Account Bank shall notify, to the extent permissible to do so, the other parties to this Agreement of the adviser with which such advice is sought, the issue for which the advice was sought and the relevant advice received.