Common use of CONSENT OF SECURITY TRUSTEE Clause in Contracts

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Second Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Second Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Second Issuer Secured Creditors.

Appears in 1 contract

Sources: Second Issuer Deed of Charge (Permanent Mortgages Trustee LTD)

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Second Sixth Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Second Sixth Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Second Sixth Issuer Secured Creditors.

Appears in 1 contract

Sources: Deed of Charge (Permanent Mortgages Trustee LTD)

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Second Fifth Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Second Fifth Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Second Fifth Issuer Secured Creditors.

Appears in 1 contract

Sources: Fifth Issuer Deed of Charge (Permanent Financing (No. 5) PLC)

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Second Seventh Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Second Seventh Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Second Seventh Issuer Secured Creditors.

Appears in 1 contract

Sources: Seventh Issuer Deed of Charge (Permanent Mortgages Trustee LTD)