The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Eighth Issuer Cash Manager, the Eighth Issuer Account Bank or the Eighth Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.
Appears in 2 contracts
Sources: Eighth Issuer Bank Account Agreement (Permanent Financing (No. 8) PLC), Eighth Issuer Bank Account Agreement (Permanent Mortgages Trustee LTD)
The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Eighth Seventh Issuer Cash Manager, the Eighth Seventh Issuer Account Bank or the Eighth Seventh Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.
Appears in 2 contracts
Sources: Seventh Issuer Bank Account Agreement (Permanent Mortgages Trustee LTD), Seventh Issuer Bank Account Agreement (Permanent Mortgages Trustee LTD)
The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Eighth Third Issuer Cash Manager, the Eighth Third Issuer Account Bank or the Eighth Third Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.
Appears in 1 contract
Sources: Third Issuer Bank Account Agreement (Permanent Mortgages Trustee LTD)
The Security Trustee. The Security Trustee has agreed to become a party to this Agreement for the better preservation and enforcement of its rights under this Agreement but shall have no responsibility for any of the obligations of, nor assume any liabilities to, the Eighth Fifth Issuer Cash Manager, the Eighth Fifth Issuer Account Bank or the Eighth Fifth Issuer hereunder. Furthermore, any liberty or power which may be exercised or made in the Security Trustee's absolute discretion without any obligation to give reasons therefor, but shall in any event be exercised in accordance with the provisions of the Funding 1 Deed of Charge.
Appears in 1 contract
Sources: Fifth Issuer Bank Account Agreement (Permanent Financing (No. 5) PLC)