Funding 2 Transaction Account definition

Funding 2 Transaction Account means the account in the name of Funding 2 (account no. 000000, reference 150857, sort code 30-00-59) held with the Account Bank and maintained subject to the terms of the Funding 2 Bank Account Agreement and the Funding 2 Deed of Charge or any additional or replacement account as may for the time being be in place with the prior consent of the Funding 2 Security Trustee;

Funding 2 Transaction Account means the account in the name of Funding 2 (sort code 12-08-83, account no. 00000000) held at the Account Bank and maintained subject to the terms of the Bank Account Agreement and the Funding 2 Deed of Charge, or such other 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;

Examples of Funding 2 Transaction Account in a sentence

• 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.

• All monies deposited with Panel Banks need to be returned to the Funding 2 Transaction Account at the latest by 10 a.m. (London time) on the immediately following Funding 2 Payment Date.

• On each Funding 2 Interest Payment Date prior to the service of a Master Intercompany Loan Acceleration Notice, the Security Trustee hereby authorises Funding 2 or the Cash Manager on its behalf to withdraw Funding 2 Available Principal Revenues from the Funding 2 Transaction Account and to apply such monies in accordance with the Funding Principal Priorities of Payments set out in Part 2 of Schedule 3 hereto.

• The Cash Manager hereby confirms that the Funding 2 Transaction Account has been established on or before the Programme Date and that the Funding 2 Transaction Account Mandate in the agreed form will apply thereto at the Programme Date.

• With Equity’s consent, uniformly higher per diem given to the entire company may be excluded.

• All amounts received in respect of any Authorised Investments (including any amounts received as a result of a disposal under paragraph (b) below) will be deposited into Funding 2 Transaction Account.

• 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 Transaction Account other than as created under or permitted pursuant to the Funding 2 Deed of Charge.

• On each Funding 2 Interest Payment Date prior to the service of a Master Intercompany Loan Acceleration Notice, the Security Trustee hereby authorises Funding 2 or the Cash Manager on its behalf to withdraw Funding 2 Available Revenue Receipts from the Funding 2 Transaction Account and to apply such monies in accordance with the Funding 2 Pre Enforcement Revenue Priority of Payments set out in Part 1 of Schedule 3 to this Deed.