Further Obligations possible Sample Clauses
Further Obligations possible. The Issuer may, without Noteholders’ consent, (i) issue Fungible Notes in accordance with Base Condition 4.3, and (ii) enter into other Obligations, provided that in relation to such other Obligations:
Further Obligations possible. The Issuer may, without Noteholders’ consent, (i) issue Fungible Notes in accordance with Base Condition 4.3, and (ii) enter into other Obligations, provided that in relation to such other Obligations:
(a) the Trustee is satisfied that the restrictions contained in this Base Condition 4 will be complied with and, if in the Trustee’s opinion, the interests of the Noteholders will not be materially prejudiced thereby;
(b) if the Issuer is a Rated Issuer, it must first notify the Rating Agencies appointed for each series of outstanding Rated Notes that it has issued; and
(c) unless the Trustee otherwise agrees, such other Obligations (unless they are Fungible Notes):
(i) are secured on assets other than the Secured Property in respect of any outstanding Obligations and the Issuer’s share capital and any Issuer Transaction Fees;
(ii) provide for recourse to the Issuer to be limited to the property secured for such Obligations in the same way that recourse of the Trustee and the Noteholders is limited; and
(iii) do not expose the Issuer to any significant liability (contingent or otherwise) unless such liability is (a) similarly limited in recourse or (b) otherwise provided for out of the general operating expenses of the Issuer.
Further Obligations possible. If the Trustee (of any outstanding Series) is satisfied that the restrictions contained in this Condition will be complied with and if, in such Trustee's sole opinion, the interests of the Noteholders will not be materially prejudiced thereby, the Issuer may, without Noteholders’ consent, enter into other Obligations, provided that if the Issuer is a Rated Issuer, it must first notify the Rating Agencies appointed for each series of outstanding Rated Notes that it has issued.
Further Obligations possible. The Issuer may, without Noteholders’ consent, (i) issue Fungible Notes in accordance with Base Condition 4.3, and (ii) enter into other Obligations, provided that in relation to such other Obligations:
(a) the Trustee is satisfied that the restrictions contained in this Base Condition 4 will be complied with and, if in the Trustee’s opinion, the interests of the Noteholders will not be materially prejudiced thereby;
(b) if the Issuer is a Rated Issuer, it must first notify the Rating Agencies appointed for each series of outstanding Rated Notes that it has issued; and