Enforcement Event. If the Note Trustee serves an Enforcement Notice on the Issuer pursuant to the Trust Deed it shall forthwith provide a copy thereof to the Lender, and the Loan, together with all interest thereon, shall, subject always to Clause 9, become immediately due and repayable.
Appears in 9 contracts
Sources: Expenses Loan Agreement (Gracechurch Card Funding No 5 PLC), Expenses Loan Agreement (Gracechurch Receivables Trustee LTD), Expenses Loan Agreement (Gracechurch Receivables Trustee LTD)
Enforcement Event. If the Note Trustee serves an Enforcement Notice on the Issuer pursuant to the Trust Deed terms of any Series of Notes it shall will forthwith provide a copy thereof to the Lender, Lender and the Lender may, by notice to the Issuer, declare all or any part of the Expenses Loan, together with all interest thereon, shall, subject always to Clause 98 (Enforcement and Subordination), become to be immediately due and repayable.
Appears in 1 contract
Sources: Expenses Loan Agreement (Turquoise Receivables Trustee LTD)
Enforcement Event. If the Note Trustee serves an Enforcement Notice on the Issuer pursuant to the Trust Deed it shall forthwith provide a copy thereof to the Lender, Lender and the Expenses Loan, together with all interest thereon, shall, subject always to Clause 9, become immediately due and repayable.
Appears in 1 contract