Common use of ENHANCEMENT PROVIDER Clause in Contracts

ENHANCEMENT PROVIDER. If the related MTN Supplement specifies that an Enhancement Provider is to be a Secured Creditor of the Secured Property in relation to that Series, the beneficial entitlement of such Enhancement Provider to a security interest in the relevant Secured Property shall be specified in the related MTN Supplement and shall be expressed to constitute or form part of that related Series.

Appears in 5 contracts

Samples: Management Agreement (Barclaycard Funding PLC), Management Agreement (Gracechurch Receivables Trustee LTD), Management Agreement (Barclaycard Funding PLC)

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