Common use of Steps taken Clause in Contracts

Steps taken. The Master Issuer represents to the Master Issuer Security Trustee that it has taken all necessary steps to enable it to create the Master Issuer Security in accordance with this Deed and has taken no actions or steps to prejudice its rights, title and interest in, to and under the Master Issuer Charged Property.

Steps taken. The Master Issuer represents to the Master Issuer Security Trustee that it has taken all necessary steps to enable it to create the Master Issuer Security in accordance with this Deed and has taken no actions or steps to which will or may prejudice its rights, title and interest in, to and under the Master Issuer Charged Property.