Common use of Notification of Termination Event Clause in Contracts

Notification of Termination Event. Each of the Issuer, the Cash Manager, the Account Bank and the GIC Provider undertakes and agrees to notify the Security Trustee in accordance with Clause 13 (Notices) promptly upon becoming aware of any Account Bank Termination Event or any event which with the giving of notice or lapse of time or certification would constitute the same pursuant to Clause 9.3 (Termination by Security Trustee) provided that where the Account Bank and the GIC Provider are the same entity any notification by the Account Bank under this Clause 9.2 shall be provided by the GIC Provider only.