Common use of Security Interest Clause in Contracts

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 55 contracts

Samples: Master Agreement (Granite Mortgages 04-1 PLC), Master Agreement (Granite Mortgages 03-2 PLC), Master Agreement (Granite Mortgages 04-3 PLC)

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Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Fourth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 14 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), The Master Agreement (Permanent Financing (No. 5) PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Eighth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 12 contracts

Samples: Master Agreement (Permanent Financing (No. 8) PLC), Master Agreement (Permanent Financing (No. 8) PLC), Master Agreement (Permanent Financing (No. 8) PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Sixth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 12 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Funding 1 Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 11 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Financing (No. 8) PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge (as defined in Part 5 hereof) and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 11 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Master Issuer Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Master Issuer Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 11 contracts

Samples: Master Agreement (Permanent Master Issuer PLC), Master Agreement (Permanent Funding (No. 2) LTD), Master Agreement (Permanent Master Issuer PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Third Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: Permanent Mortgages Trustee LTD, Permanent Mortgages Trustee LTD, Permanent Mortgages Trustee LTD

Security Interest. Notwithstanding Section Clause 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Master Issuer Security Trustee (or any successor theretothereto or permitted transferee) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Master Issuer Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer), Master Agreement (Holmes Master Issuer)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Sixth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: The Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC), Master Agreement (Holmes Financing No 6 PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Master Issuer Security Trustee (or any successor theretothereto or permitted transferee) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Master Issuer Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 9 contracts

Samples: Master Agreement (Holmes Funding LTD), Master Agreement (Holmes Master Issuer), Master Agreement (Holmes Master Issuer)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Issuer Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Seventh Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Issuer Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 7 contracts

Samples: Master Agreement (Holmes Financing No 7 PLC), Master Agreement (Holmes Financing No 7 PLC), Master Agreement (Holmes Financing No 7 PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Seventh Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 6 contracts

Samples: Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD), Master Agreement (Permanent Mortgages Trustee LTD)

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Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Issuer Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Ninth Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Issuer Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 4 contracts

Samples: Master Agreement (HOLMES FINANCING (No. 9) PLC), Master Agreement (HOLMES FINANCING (No. 9) PLC), Master Agreement (HOLMES FINANCING (No. 9) PLC)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Master Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall will not be liable for any of the obligations of Party B hereunder.

Appears in 3 contracts

Samples: Master Agreement (Permanent Funding (No. 2) LTD), Master Agreement (Permanent Funding (No. 2) LTD), Master Agreement (Permanent Funding (No. 2) LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Note Trust Deed of Charge and Note Trust Deed Supplement and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 2 contracts

Samples: Master Agreement (Turquoise Funding I LTD), Master Agreement (Turquoise Funding I LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current terms and conditions of the Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 2 contracts

Samples: Master Agreement (Granite Finance Trustees LTD), Master Agreement (Granite Finance Trustees LTD)

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge (as defined in Part 5(o) (Additional Definitions) hereof) and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 2 contracts

Samples: investorreporting.paragonbankinggroup.co.uk, investorreporting.paragonbankinggroup.co.uk

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Second Issuer Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

Security Interest. Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Security Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Funding 1 Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Security Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

Security Interest. Notwithstanding Section 77 (including, for the avoidance of doubt, the amendments to Section 7 contained in Part 5(j) (Transfer) below), Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Trust Deed of Charge and acknowledges notice of such assignment. Each of the parties hereby confirms and agrees that the Note Trustee shall not be liable for any of the obligations of Party B hereunder.

Appears in 1 contract

Samples: Isda Master Agreement (Arran Funding LTD)

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