Common use of CHANGE OF FUNDING SECURITY TRUSTEE Clause in Contracts

CHANGE OF FUNDING SECURITY TRUSTEE. 19.1 If there is any change in the identity of any Funding Security Trustee in accordance with the Funding 1 Deed of Charge and/or the relevant Further Funding Company Deed of Charge, the Seller, the Mortgages Trustee and/or the relevant Funding Company shall execute such documents and take such action as the successor Funding Security Trustee and the outgoing Funding Security Trustee may reasonably require for the purpose of vesting in the successor Funding Security Trustee the rights and obligations of the outgoing Funding Security Trustee hereunder and releasing the outgoing Funding Security Trustee from its future obligations under this Agreement and the Seller shall give notice thereof to the Rating Agencies.

CHANGE OF FUNDING SECURITY TRUSTEE. 19.1 30.1 If there is any change in the identity of any Funding Security Trustee in accordance with the Funding 1 Deed of Charge and/or the relevant Further Funding Company Deed of Charge, the SellerServicer, the Beneficiaries and the Mortgages Trustee and/or the relevant Funding Company shall execute such documents and take such action as the successor Funding Security Trustee and the outgoing Funding Security Trustee may reasonably require for the purpose of vesting in the successor Funding Security Trustee the rights and obligations of the outgoing Funding Security Trustee hereunder under this Agreement and releasing the outgoing Funding Security Trustee from its future obligations under this Agreement and the Seller shall give notice thereof to the Rating AgenciesAgreement.