Common use of Following Clause in Contracts

Following. (a) the receipt by the Receivables Trustee of the Receivables Trustee Account Bank's Termination Notice; or (b) the distribution by the Receivables Trustee of the Receivables Trustee's Termination Notice, the Receivables Trustee shall, as soon as reasonably practicable, appoint a Qualified Institution upon consultation with the Servicer as a successor Receivables Trustee Account Bank in respect of the Trust Accounts.

Appears in 2 contracts

Sources: Receivables Trustee Account Bank Agreement, Receivables Trustee Account Bank Agreement