Change of Account Bank. If there is any change in the identity of the Master Issuer Account Bank, then the Master Issuer Cash Manager, the Master Issuer, the Master Issuer Security Trustee and any other existing Master Issuer Account Bank shall execute such documents and take such actions as the new Master Issuer Account Bank, the retiring Master Issuer Account Bank and the Master Issuer Security Trustee may require for the purpose of vesting in the new Master Issuer Account Bank the rights and obligations of the retiring Master Issuer Account Bank and releasing the outgoing Master Issuer Account Bank from its future obligations under this Agreement.
Appears in 3 contracts
Sources: Master Issuer Bank Account Agreement (Permanent Funding (No. 2) LTD), Master Issuer Bank Account Agreement (Permanent Funding (No. 2) LTD), Master Issuer Bank Account Agreement (Permanent Funding (No. 2) LTD)