Common use of Retention of Charges Clause in Contracts

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 (and production of a solvency certificate of a duly authorised officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised auxxxxxxxx officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Issuer Funding may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986, as amended, (and production of a solvency certificate solvenxx xxxxxficate of a duly authorised officer of the Current Issuer Funding shall be prima facie evidence of the solvency of the Current IssuerFunding) as at the date of any payment made by the Current Issuer Funding to the Note Security Trustee or otherwise in respect of the Funding Secured Obligations and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Second Priority Funding Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Funding Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current IssuerFunding, or if the Current Issuer Funding shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current IssuerFunding, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Issuer Funding Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Fourth Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised officer of the Current Fourth Issuer shall be prima facie evidence of the solvency of the Current Fourth Issuer) as at the date of any payment made by the Current Fourth Issuer to the Note Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges Security Interests contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Fourth Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order or documents shall be filed with the court for the appointment of an administrator or formal notice shall be given of an intention to appoint an administrator in respect of the Current Issuer, Fourth Issuer or if the Current Fourth Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Fourth Issuer, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Fourth Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised axxxxxxxxd officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition or an application shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Sixth Issuer Security Trustee shall have reasonable grounds for believing that the Current Sixth Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised auxxxxxxxx officer of the Current Sixth Issuer shall be prima facie evidence of the solvency of the Current Issuerrelevant company) as at the date of any payment made by the Current Sixth Issuer to the Note Sixth Issuer Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Sixth Issuer Security Trustee shall be at liberty to retain the charges or other security contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Sixth Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Sixth Issuer Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, Sixth Issuer or if the Current Sixth Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Sixth Issuer, as the case may be, the Note Sixth Issuer Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Sixth Issuer Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Sixth Issuer Security Trustee of all Current Sixth Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Issuer Funding may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 0000, as amended, (and production of a solvency certificate of a duly authorised officer of the Current Issuer Funding shall be prima facie evidence of the solvency of the Current IssuerFunding) as at the date of any payment made by the Current Issuer Funding to the Note Security Trustee or otherwise in respect of the Funding Secured Obligations and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Second Priority Funding Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Funding Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current IssuerFunding, or if the Current Issuer Funding shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current IssuerFunding, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Issuer Funding Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a productxxx xx x solvency certificate of a duly authorised officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Second Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised xxxxxxxxed officer of the Current Second Issuer shall be prima facie evidence of the solvency of the Current Second Issuer) as at the date of any payment made by the Current Second Issuer to the Note Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges Security Interests contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Second Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, Second Issuer or if the Current Second Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Second Issuer, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Second Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Third Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised officer of the Current Third Issuer shall be prima facie evidence of the solvency of the Current Third Issuer) as at the date of any payment made by the Current Third Issuer to the Note Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges Security Interests contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Third Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order or documents shall be filed with the court for the appointment of an administrator or formal notice shall be given of an intention to appoint an administrator in respect of the Current Issuer, Third Issuer or if the Current Third Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Third Issuer, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Third Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised xxxxxxxxed officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition or an application shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Ninth Issuer Security Trustee shall have reasonable grounds for believing that the Current Ninth Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised officer of the Current Ninth Issuer shall be prima facie evidence of the solvency of the Current Issuerthecompany) as at the date of any payment made by the Current Ninth Issuer to the Note Ninth Issuer Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Ninth Issuer Security Trustee shall be at liberty to retain the charges or other security contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Ninth Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Ninth Issuer Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding winding-up or the making of an administration order or documents shall be filed with the court for the appointment of an administrator or formal notice shall be given of an intention to appoint an administrator in respect of the Current Issuer, Ninth Issuer or if the Current Ninth Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Ninth Issuer, as the case may be, the Note Ninth Issuer Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Ninth Issuer Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Ninth Issuer Security Trustee of all Current Ninth Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Fifth Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised officer of the Current Fifth Issuer shall be prima facie evidence of the solvency of the Current Fifth Issuer) as at the date of any payment made by the Current Fifth Issuer to the Note Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges Security Interests contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Fifth Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order or documents shall be filed with the court for the appointment of an administrator or formal notice shall be given of an intention to appoint an administrator in respect of the Current Issuer, Fifth Issuer or if the Current Fifth Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Fifth Issuer, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Fifth Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Issuer Funding may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised officer of the Current Issuer Funding shall be prima facie evidence of the solvency of the Current IssuerFunding) as at the date of any payment made by the Current Issuer Funding to the Note Security Trustee or otherwise in respect of the Funding Secured Obligations and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Funding Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Funding Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current IssuerFunding, or if the Current Issuer Funding shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current IssuerFunding, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Issuer Funding Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Seventh Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 (and production of a solvency certificate of a duly authorised officer of the Current Seventh Issuer shall be prima facie evidence of the solvency of the Current Seventh Issuer) as at the date of any payment made by the Current Seventh Issuer to the Note Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges Security Interests contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Seventh Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order or documents shall be filed with the court for the appointment of an administrator or formal notice shall be given of an intention to appoint an administrator in respect of the Current Issuer, Seventh Issuer or if the Current Seventh Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Seventh Issuer, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Seventh Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised axxxxxxxxd officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate cexxxxxxxxe of a duly authorised officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Issuer Security Trustee shall have reasonable grounds for believing that the Current Master Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised authorxxxx officer of the Current Master Issuer shall be prima facie evidence of the solvency of the Current Master Issuer) as at the date of any payment made by the Current Master Issuer to the Note Issuer Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Issuer Security Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Issuer Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition or an application shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Master Issuer, or if the Current Master Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Master Issuer, as the case may be, the Note Issuer Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Issuer Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Issuer Security Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Sixth Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised dxxx xxxhorised officer of the Current Sixth Issuer shall be prima facie evidence of the solvency of the Current Sixth Issuer) as at the date of any payment made by the Current Sixth Issuer to the Note Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges Security Interests contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Sixth Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order or documents shall be filed with the court for the appointment of an administrator or formal notice shall be given of an intention to appoint an administrator in respect of the Current Issuer, Sixth Issuer or if the Current Sixth Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Sixth Issuer, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Sixth Issuer Secured Obligations.

Retention of Charges. If the Note Security Trustee shall have reasonable grounds for believing that the Current Issuer Funding may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986, as amended, (and production of a solvency certificate cerxxxxxxxx of a duly authorised officer of the Current Issuer Funding shall be prima facie evidence of the solvency of the Current IssuerFunding) as at the date of any payment made by the Current Issuer Funding to the Note Security Trustee or otherwise in respect of the Funding Secured Obligations and that as a result, such payment may be capable of being avoided or clawed back, the Note Security Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Second Priority Funding Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Funding Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current IssuerFunding, or if the Current Issuer Funding shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current IssuerFunding, as the case may be, the Note Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Security Trustee of all Current Issuer Funding Secured Obligations.

Retention of Charges. If the Note Issuer Security Trustee shall have reasonable grounds for believing that the Current Master Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised authoxxxxx officer of the Current Master Issuer shall be prima facie evidence of the solvency of the Current Master Issuer) as at the date of any payment made by the Current Master Issuer to the Note Issuer Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Issuer Security Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Issuer Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition or an application shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Master Issuer, or if the Current Master Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Master Issuer, as the case may be, the Note Issuer Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Issuer Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Issuer Security Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised auxxxxxxxx officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition or an application shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised xxxxxxxsed officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition or an application shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Issuer Security Trustee shall have reasonable grounds for believing that the Current Master Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised xxxx xxxhorised officer of the Current Master Issuer shall be prima facie evidence of the solvency of the Current Master Issuer) as at the date of any payment made by the Current Master Issuer to the Note Issuer Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Issuer Security Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Issuer Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition or an application shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Master Issuer, or if the Current Master Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Master Issuer, as the case may be, the Note Issuer Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Issuer Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Issuer Security Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Seventh Issuer Security Trustee shall have reasonable grounds for believing that the Current Seventh Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx Axx 0000 (and production of a solvency certificate of a duly authorised officer of the Current Seventh Issuer shall be prima facie evidence of the solvency of the Current Issuerrelevant company) as at the date of any payment made by the Current Seventh Issuer to the Note Seventh Issuer Security Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Seventh Issuer Security Trustee shall be at liberty to retain the charges or other security contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Seventh Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Seventh Issuer Security Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, Seventh Issuer or if the Current Seventh Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Seventh Issuer, as the case may be, the Note Seventh Issuer Security Trustee shall be at liberty to continue to retain such security for such further period as the Note Seventh Issuer Security Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Seventh Issuer Security Trustee of all Current Seventh Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised xxthorised officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.

Retention of Charges. If the Note Trustee shall have reasonable grounds for believing that the Current Issuer may be insolvent or deemed to be insolvent pursuant to the provisions of the Insolvency Xxx 0000 Act 1986 (and production of a solvency certificate of a duly authorised xxxxxxxsed officer of the Current Issuer shall be prima facie evidence of the solvency of the Current Issuer) as at the date of any payment made by the Current Issuer to the Note Trustee and that as a result, such payment may be capable of being avoided or clawed back, the Note Trustee shall be at liberty to retain the charges contained in or created pursuant to this Current Issuer Deed of Charge until the expiry of a period of one month plus such statutory period within which any assurance, security, guarantee or payment can be avoided or invalidated after the payment and discharge in full of all Current Issuer Secured Obligations notwithstanding any release, settlement, discharge or arrangement which may be given or made by the Note Trustee on, or as a consequence of, such payment or discharge of liability provided that, if at any time within such period, a petition shall be presented to a competent court for an order for the winding up or the making of an administration order in respect of the Current Issuer, or if the Current Issuer shall commence to be wound up or to go into administration or any analogous proceedings shall be commenced by or against the Current Issuer, as the case may be, the Note Trustee shall be at liberty to continue to retain such security for such further period as the Note Trustee may determine and such security shall be deemed to continue to have been held as security for the payment and discharge to the Note Trustee of all Current Issuer Secured Obligations.