Common use of MATERIAL PREJUDICE Clause in Contracts

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Fourth Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Fourth Issuer Secured Creditors.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

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MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Fourth Third Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Fourth Third Issuer Secured Creditors.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Fourth Fifth Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Fourth Fifth Issuer Secured Creditors.

Appears in 1 contract

Samples: Permanent Financing (No. 5) PLC

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Fourth Sixth Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Fourth Sixth Issuer Secured Creditors.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any an event, matter or thing is, in its opinion, is materially prejudicial to the interests of the Fourth Issuer one or more Secured Creditors and if the Security Trustee shall certify that any Creditor. Any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall determination will be conclusive and binding upon on the Fourth Issuer and the Secured Creditors.

Appears in 1 contract

Samples: allia.org.uk

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MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Fourth Seventh Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Fourth Seventh Issuer Secured Creditors.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Fourth Second Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Fourth Second Issuer Secured Creditors.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

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