Common use of OBLIGATIONS UNDER NOTES Clause in Contracts

OBLIGATIONS UNDER NOTES. (a) The obligations of the Issuer under the Notes are constituted by, and specified in, this agreement and in the Conditions. Payment Funding Facility Agreement - SMHL Global Fund No. 7 (b) Each Note is a separate debt of the Issuer. (c) The entitlement of any person to a Note is determined by registration as a Note Holder of that Note. (d) The making of, or giving effect to, a manifest error in an inscription in the Register will not avoid the creation or transfer of a Note.

OBLIGATIONS UNDER NOTES. (a) The obligations of the Issuer under the Notes are constituted by, and specified in, this agreement and in the Conditions. Payment Funding Facility Agreement - SMHL Global Fund No. 7. (b) Each Note is a separate debt of the Issuer. (c) The entitlement of any person to a Note is determined by registration as a Note Holder of that Note.. Top-Up Funding Facility Agreement - SMHL Global Fund No. 7 (d) The making of, or giving effect to, a manifest error in an inscription in the Register will not avoid the creation or transfer of a Note.

OBLIGATIONS UNDER NOTES. (a) The obligations of the Issuer under the Notes are constituted by, and specified in, this agreement and in the Conditions. Payment Funding Facility Agreement - SMHL Global Fund No. 7. (b) Each Note is a separate debt of the Issuer. (c) The entitlement of any person to a Note is determined by registration as a Note Holder of that Note.. Top-up Funding Facility Agreement - SMHL Global Fund [ ]-[ ] (d) The making of, or giving effect to, a manifest error in an inscription in the Register will not avoid the creation or transfer of a Note.