Common use of NOTE TRUSTEE Clause in Contracts

NOTE TRUSTEE. For the avoidance of doubt, this provision also applies to any obligation on the Trustee to convert currencies upon termination of each of the Swap Agreements in the event that no replacement Swap Counterparty is appointed ;

Appears in 2 contracts

Sources: Trust Deed (Gracechurch Card Funding No 5 PLC), Trust Deed (Gracechurch Receivables Trustee LTD)

NOTE TRUSTEE. For the avoidance of doubt, this provision also applies to any obligation on the Trustee to convert currencies upon termination of each of the Swap Agreements in the event that no replacement Swap Counterparty is appointed appointed;

Appears in 1 contract

Sources: Trust Deed (Gracechurch Card Funding No 2 PLC)