Common use of Payments to the Issuer Clause in Contracts

Payments to the Issuer. Notwithstanding the Series 2023-1 (A1) Security created by or pursuant to this Note Trust Deed Supplement and the Note Trust Deed as specified in Clause 3.2 (Security for Series 2023-1 (A1) Notes), the Note Trustee acknowledges that, prior to the occurrence of an Event of Default, payments becoming due to the Issuer pursuant to or in connection with the Series 2023-1 (A1) Documents and in relation to any Series 2023-1 (A1) Distribution Ledger and any other account in which the Issuer may at any time acquire a Benefit in respect of Series 2023-1 (A1), may (in any case) be made to the Issuer in accordance with the provisions of the Series 2023-1 (A1) Documents, as applicable, and the Issuer may exercise its rights, powers and discretions and perform its obligations in relation to the Series 2023-1 (A1) Secured Property and under the Series 2023-1 (A1) Documents in accordance with the provisions of the Series 2023-1 (A1) Documents provided that in so doing it does not prejudice the Series 2023-1 (A1) Security created hereunder in favour of the Note Trustee.

Appears in 1 contract

Samples: bank.tescoplc.com

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Payments to the Issuer. Notwithstanding the Series 2023-1 (A1A2) Security created by or pursuant to this Note Trust Deed Supplement and the Note Trust Deed as specified in Clause 3.2 (Security for Series 2023-1 (A1A2) Notes), the Note Trustee acknowledges that, prior to the occurrence of an Event of Default, payments becoming due to the Issuer pursuant to or in connection with the Series 2023-1 (A1A2) Documents and in relation to any Series 2023-1 (A1A2) Distribution Ledger and any other account in which the Issuer may at any time acquire a Benefit in respect of Series 2023-1 (A1A2), may (in any case) be made to the Issuer in accordance with the provisions of the Series 2023-1 (A1A2) Documents, as applicable, and the Issuer may exercise its rights, powers and discretions and perform its obligations in relation to the Series 2023-1 (A1A2) Secured Property and under the Series 2023-1 (A1A2) Documents in accordance with the provisions of the Series 2023-1 (A1A2) Documents provided that in so doing it does not prejudice the Series 2023-1 (A1A2) Security created hereunder in favour of the Note Trustee.

Appears in 1 contract

Samples: bank.tescoplc.com

Payments to the Issuer. Notwithstanding the Series 20232020-1 (A1A4) Security created by or pursuant to this Note Trust Deed Supplement and the Note Trust Deed as specified in Clause 3.2 (Security for Series 20232020-1 (A1A4) Notes), the Note Trustee acknowledges that, prior to the occurrence of an Event of Default, payments becoming due to the Issuer pursuant to or in connection with the Series 20232020-1 (A1A4) Documents and in relation to any Series 20232020-1 (A1A4) Distribution Ledger and any other account in which the Issuer may at any time acquire a Benefit in respect of Series 20232020-1 (A1A4), may (in any case) be made to the Issuer in accordance with the provisions of the Series 20232020-1 (A1A4) Documents, as applicable, and the Issuer may exercise its rights, powers and discretions and perform its obligations in relation to the Series 20232020-1 (A1A4) Secured Property and under the Series 20232020-1 (A1A4) Documents in accordance with the provisions of the Series 20232020-1 (A1A4) Documents provided that in so doing it does not prejudice the Series 20232020-1 (A1A4) Security created hereunder in favour of the Note Trustee.

Appears in 1 contract

Samples: bank.tescoplc.com

Payments to the Issuer. Notwithstanding the Series 2023-1 2 (A1) Security created by or pursuant to this Note Trust Deed Supplement and the Note Trust Deed as specified in Clause 3.2 (Security for Series 2023-1 2 (A1) Notes), the Note Trustee acknowledges that, prior to the occurrence of an Event of Default, payments becoming due to the Issuer pursuant to or in connection with the Series 2023-1 2 (A1) Documents and in relation to any Series 2023-1 2 (A1) Distribution Ledger and any other account in which the Issuer may at any time acquire a Benefit in respect of Series 2023-1 2 (A1), may (in any case) be made to the Issuer in accordance with the provisions of the Series 2023-1 2 (A1) Documents, as applicable, and the Issuer may exercise its rights, powers and discretions and perform its obligations in relation to the Series 2023-1 2 (A1) Secured Property and under the Series 2023-1 2 (A1) Documents in accordance with the provisions of the Series 2023-1 2 (A1) Documents provided that in so doing it does not prejudice the Series 2023-1 2 (A1) Security created hereunder in favour of the Note Trustee.

Appears in 1 contract

Samples: bank.tescoplc.com

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Payments to the Issuer. Notwithstanding the Series 20232020-1 (A1A3) Security created by or pursuant to this Note Trust Deed Supplement and the Note Trust Deed as specified in Clause 3.2 (Security for Series 20232020-1 (A1A3) Notes), the Note Trustee acknowledges that, prior to the occurrence of an Event of Default, payments becoming due to the Issuer pursuant to or in connection with the Series 20232020-1 (A1A3) Documents and in relation to any Series 20232020-1 (A1A3) Distribution Ledger and any other account in which the Issuer may at any time acquire a Benefit in respect of Series 20232020-1 (A1A3), may (in any case) be made to the Issuer in accordance with the provisions of the Series 20232020-1 (A1A3) Documents, as applicable, and the Issuer may exercise its rights, powers and discretions and perform its obligations in relation to the Series 20232020-1 (A1A3) Secured Property and under the Series 20232020-1 (A1A3) Documents in accordance with the provisions of the Series 20232020-1 (A1A3) Documents provided that in so doing it does not prejudice the Series 20232020-1 (A1A3) Security created hereunder in favour of the Note Trustee.

Appears in 1 contract

Samples: bank.tescoplc.com

Payments to the Issuer. Notwithstanding the Series 2023-1 (A1A3) Security created by or pursuant to this Note Trust Deed Supplement and the Note Trust Deed as specified in Clause 3.2 (Security for Series 2023-1 (A1A3) Notes), the Note Trustee acknowledges that, prior to the occurrence of an Event of Default, payments becoming due to the Issuer pursuant to or in connection with the Series 2023-1 (A1A3) Documents and in relation to any Series 2023-1 (A1A3) Distribution Ledger and any other account in which the Issuer may at any time acquire a Benefit in respect of Series 2023-1 (A1A3), may (in any case) be made to the Issuer in accordance with the provisions of the Series 2023-1 (A1A3) Documents, as applicable, and the Issuer may exercise its rights, powers and discretions and perform its obligations in relation to the Series 2023-1 (A1A3) Secured Property and under the Series 2023-1 (A1A3) Documents in accordance with the provisions of the Series 2023-1 (A1A3) Documents provided that in so doing it does not prejudice the Series 2023-1 (A1A3) Security created hereunder in favour of the Note Trustee.

Appears in 1 contract

Samples: bank.tescoplc.com

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