Common use of The Security Trustee Clause in Contracts

The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Seventh Issuer Cash Manager, the Seventh Issuer Account Bank or the Seventh Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.

Appears in 2 contracts

Samples: Permanent Mortgages Trustee LTD, Permanent Mortgages Trustee LTD

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The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Seventh Sixth Issuer Cash Manager, the Seventh Sixth Issuer Account Bank or the Seventh Sixth Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.

Appears in 2 contracts

Samples: Account Agreement (Permanent Mortgages Trustee LTD), Account Agreement (Permanent Financing (No. 6) PLC)

The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Seventh Eighth Issuer Cash Manager, the Seventh Eighth Issuer Account Bank or the Seventh Eighth Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.

Appears in 2 contracts

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

The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Seventh Fourth Issuer Cash Manager, the Seventh Fourth Issuer Account Bank or the Seventh Fourth Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.

Appears in 1 contract

Samples: Account Agreement (Permanent Mortgages Trustee LTD)

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The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Seventh Fifth Issuer Cash Manager, the Seventh Fifth Issuer Account Bank or the Seventh Fifth Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.

Appears in 1 contract

Samples: Permanent Financing (No. 5) PLC

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