Common use of Security, Enforcement and Limited Recourse Clause in Contracts

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, save as permitted by the provisions of the Deed of Charge. (ii) In relation to all sums due and payable by Party B to Party A, Party A agrees that it will have recourse only to the funds specified in the Cash Management Agreement and/or the Deed of Charge to be available for the purpose of making such payments, but always subject to the order of priority of payments set out in the Cash Management Agreement and the Deed of Charge.

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Funding 1 Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Funding 1 Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, save as permitted by subject to the provisions of the Funding 1 Deed of Charge. (ii) . In relation to all sums due and payable by Party B to Party A, Party A agrees that it will have recourse only to the funds specified in the Cash Management Agreement and/or the Deed of Charge to be available for the purpose of making such paymentsFunding 1 Revenue Receipts and Funding 1 Principal Receipts, but always subject to the order of priority of payments set out in the Third Issuer Cash Management Agreement and the Third Issuer Deed of Charge.

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Security Trustee to be bound by the terms of the Issuer Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Issuer Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, save as permitted by the provisions of the Issuer Deed of Charge. (ii) In relation to all sums due and payable by Party B to Party A, Party A agrees that it will have recourse only to the funds specified in the Cash Management Agreement and/or the Deed of Charge to be available for the purpose of making such paymentsIssuer Available Funds, but always subject to the order of priority of payments set out in the Issuer Cash Management Agreement and the Issuer Deed of Charge.

Security, Enforcement and Limited Recourse. (i) Party A agrees with Party B and the Funding 1 Security Trustee to be bound by the terms of the Funding 1 Deed of Charge and, in particular, confirms that: (A) no sum will be payable by or on behalf of Party B to it except in accordance with the provisions of the Funding 1 Deed of Charge; and (B) it will not take any steps for the winding up, dissolution or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee, liquidator, sequestrator or similar officer of Party B or of any or all of its revenues and assets nor participate in any ex parte proceedings nor seek to enforce any judgment against Party B, save as permitted by subject to the provisions of the Funding 1 Deed of Charge. (ii) In relation to all sums due and payable by Party B to Party A, Party A agrees that it will have recourse only to the funds specified in the Cash Management Agreement and/or the Deed of Charge to be available for the purpose of making such paymentsFunding 1 Available Revenue Receipts, but always subject to the order of priority of payments set out in the Cash Management Agreement and the Funding 1 Deed of Charge.