Common use of Restrictions on Exercise of Certain Rights Clause in Contracts

Restrictions on Exercise of Certain Rights. 5.1 Payments to Funding 2 Accounts At all times prior to the release, re-assignment, retrocession and/or discharge under Clause 18 (Release) of Funding 2 Security, Funding 2 will, save as otherwise provided in Funding 2 Agreements or unless the Funding 2 Security Trustee otherwise agrees in writing, procure that all amounts received by Funding 2 under or in respect of Funding 2 Agreements will be credited to Funding 2 Accounts in accordance with Clause 6.2 (Funding 2 Bank Accounts) and the other applicable terms of Funding 2 Agreements. 5.2 No withdrawals from Funding 2 Accounts No payment, transfer and/or withdrawal may be made from any of Funding 2 Accounts other than as expressly permitted under this Deed or the Cash Management Agreement or with the prior written consent of the Funding 2 Security Trustee.

Appears in 2 contracts

Sources: Funding Deed of Charge, Collateral Security Agreement