Common use of No Transfer of Obligations Clause in Contracts

No Transfer of Obligations. Notwithstanding anything else in this Second Priority Funding Deed of Charge, it is hereby agreed that dispositions of property effected in or pursuant to this Second Priority Funding Deed of Charge do not transfer obligations, and nothing herein shall be construed as a transfer of obligations, to the Security Trustee.

No Transfer of Obligations. Notwithstanding anything else in this Second Priority Funding Deed of Charge, it is hereby agreed that dispositions of property effected in or pursuant to this Second Priority Funding Deed of Charge do not transfer obligations, and nothing herein shall be construed as a transfer of obligationsobligations to, to the Security Trustee.