Funding 2 Security Trustee definition
Examples of Funding 2 Security Trustee in a sentence
All notices served under this Agreement shall be simultaneously copied to the Funding 2 Security Trustee by the person serving the same.
For the avoidance of doubt, the parties to this Agreement acknowledge that the rights and obligations of the Funding 2 Security Trustee under this Agreement are governed by the Funding 2 Deed of Charge.
The Funding 2 Security Trustee consents to the appointment of the Servicer on the terms of and subject to the conditions of this Agreement.
In any proceeding, action or claim relating to a Loan Tranche a statement as to any amount due to the Master Issuer under such Loan Tranche which is certified as being correct by an officer of the Funding 2 Security Trustee shall, unless otherwise provided in this Agreement, be prima facie evidence that such amount is in fact due and payable.
Without prejudice to the obligations of Funding 2 under this Clause 4, neither the Funding 2 Security Trustee nor any of the Funding 2 Secured Creditors shall be obliged to concern themselves as to the application of amounts raised by Funding 2 under a Loan Tranche.
Funding 2 makes the representations and warranties set out in this Clause 13 to the Master Issuer and the Funding 2 Security Trustee (as trustee for each of the Funding 2 Secured Creditors).
Funding 2 shall notify the Master Issuer and the Funding 2 Security Trustee of any Funding 2 Intercompany Loan Event of Default (and the steps, if any, being taken to remedy it) or any event which with the giving of notice or lapse of time or certification would constitute the same promptly upon Funding 2 becoming aware of the occurrence of each Funding 2 Intercompany Loan Event of Default or such other event.
The Account Bank is hereby authorised by Funding 1, Funding 2 and the Mortgages Trustee to provide statements in respect of each Bank Account to the Cash Manager, the Funding 1 Security Trustee and the Funding 2 Security Trustee.
The Funding 1 Security Trustee and the Funding 2 Security Trustee have agreed to become parties to this Agreement for the better preservation and enforcement of their rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Cash Manager, the Account Bank, the Mortgages Trustee, Funding 1 or Funding 2 hereunder.
Unless and until directed otherwise by the Funding 1 Security Trustee and the Funding 2 Security Trustee in accordance with Clause 12, the Account Bank shall provide the Cash Manager with a written statement in respect of each Bank Account on a monthly basis and also as soon as reasonably practicable after receipt of a request for a statement.