Funding 2 GIC Account definition

Funding 2 GIC Account means the account in the name of Funding 2 held at the Account Bank and maintained subject to the terms of the Funding 2 Guaranteed Investment Contract, the Bank Account Agreement and the Funding 2 Deed of Charge, or such additional or replacement bank account as may for the time being be in place with the prior consent of the Funding 2 Security Trustee and confirmation from the Rating Agencies that the then current ratings of the Notes will not be adversely affected thereby.

Funding 2 GIC Account means the account in the name of Funding 2 (sort code 30-00-59, account number 150858) held at Northern Rock, and maintained subject to the Funding 2 Guaranteed Investment Contract and the Funding 2 Bank Account Agreement and such additional or replacement accounts as may for the time being be in place with the prior consent of the Funding 2 Security Trustee;

Examples of Funding 2 GIC Account in a sentence

• Theory of change (2/2): a) project aims primarily at influencing international or regional policy, b) national policy, c) project aims primarily at adoption of approaches and techniques, c) adoption of tangible products (e.g. germplasm), a) and b), a) and c), b) and c).

• The Funding 2 GIC Provider confirms that (on the instructions of Funding 2) the Funding 2 GIC Account has been opened in its books in the name of Funding 2, and it agrees to accept on deposit in the Funding 2 GIC Account all monies transferred, from time to time to that account, subject to and upon the terms of this Agreement, the Bank Account Agreement, the Cash Management Agreement and the Funding 2 Deed of Charge.

• The Cash Manager shall procure that all transfers and withdrawals of amounts standing to the credit of the Funding 2 Transaction Account, the Funding 2 GIC Account, any Funding 2 Eligible Bank GIC Account and the Funding 2 Collateralised GIC Account shall be made in accordance with the provisions of the Funding 2 Deed of Charge and, in the case of amounts standing to the credit of the Funding 2 Swap Collateral Accounts, in accordance with the Funding 2 Swap Agreement and this Agreement.

• The Funding 1 Transaction Account, the Funding 1 GIC Account, the Funding 2 Transaction Account, the Funding 2 GIC Account and the Mortgages Trustee GIC Account........................................2 3.

• Following termination of the Funding 2 Bank Account Agreement and/or closing of the Funding 2 GIC Account in accordance with the Funding 2 Bank Account Agreement, Funding 2 or the Funding 2 Security Trustee may terminate this Agreement by serving a written notice of termination on the Funding 2 GIC Provider.

• The Funding 2 GIC Account.............................................

• Donor funding for such measures has been available since it became accepted in the mid-1990s that such measures are part of the ‘cost of doing business’ in any conflict environment.

• The Cash Manager hereby confirms that the Funding 2 GIC Account has been established on or before the Programme Date pursuant to the Bank Account Agreement and the Funding 2 Guaranteed Investment Contract and that the Funding 2 GIC Account Mandate in the agreed form will apply thereto at the Programme Date.

• Pending an application of the Full Repayment Amount, as described above, such proceeds shall be credited to the Funding 2 GIC Account and shall not be available for any other purpose.

• The Cash Manager undertakes (to the extent to which the same is within its control) that it will not knowingly create or permit to subsist any Security Interest in relation to the Funding 2 GIC Account other than as created under or permitted pursuant to the Funding 2 Deed of Charge.