Realisation of the Underlying Assets upon enforcement or Underlying Disposal Event Sample Clauses
Realisation of the Underlying Assets upon enforcement or Underlying Disposal Event. Subject to the Applicable Supplement in respect of a Series of Notes, in the event of:
(1) the security created by the Security Documents becoming enforceable as provided in Condition 10, the Trustee shall have the right to enforce its rights under the Security Documents in relation to the relevant Charged Assets only;
(2) an Underlying Disposal Event (as defined in Condition 7(b)), the Custodian shall arrange for and administer the sale of the relevant Underlying Assets, but in each case without any liability as to the consequence of such action and without having regard to the effect thereof on, or being required to account for such action to, any Secured Creditor, provided that the Trustee shall not be required to take any action that would involve the Trustee in any liability or expense unless previously indemnified and/or secured to its satisfaction.