Common use of Enforcement Event Clause in Contracts

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

Samples: Expenses Loan Agreement (Barclaycard Funding PLC), Expenses Loan Agreement (Barclaycard Funding PLC), Expenses Loan Agreement (Gracechurch Card Funding No 5 PLC)

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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

Samples: 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

Samples: Barclaycard Funding PLC

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Enforcement Event. If the Note Trustee serves an a Enforcement Notice on the Issuer pursuant to the Trust Deed terms of any Note 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

Samples: Expenses Loan Agreement (Arran Funding LTD)

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