Common use of Acknowledgement of Indebtedness Clause in Contracts

Acknowledgement of Indebtedness. Subject to the terms of this Deed and the relevant Supplementary Terms Notice, each Note constitutes an independent and separate acknowledgement to the relevant Noteholder by the Trustee of its indebtedness as trustee of that Trust for the Invested Amount of that Note together with the other rights given to Noteholders under this Deed, the Supplementary Terms Notice, the Security Trust Deed and the Note Trust Deed relating to that Trust and the Conditions relating to each Note.

Acknowledgement of Indebtedness. Subject to the terms of this Deed deed and the relevant Supplementary Terms Series Notice, each entry in the Register for a Trust in respect of a Note relating to that Trust constitutes an independent and separate acknowledgement to the relevant Noteholder by the Trustee of its indebtedness as trustee of that Trust for the Invested Amount of that Note together with the other rights given to Noteholders under this Deed, the Supplementary Terms Notice, the Security Trust Deed and the Note Trust Deed relating to that Trust and the Conditions relating to each Note.