TERMINATION BY THE RELEVANT NOTE TRUSTEE Clause Samples
The 'Termination by the Relevant Note Trustee' clause grants the note trustee the authority to end the agreement or certain obligations under specified circumstances. Typically, this clause outlines the conditions under which the trustee may act, such as events of default, breaches of contract, or insolvency of the issuer, and describes the process the trustee must follow to effect termination. Its core practical function is to protect the interests of noteholders by empowering the trustee to take decisive action if the issuer fails to meet its obligations, thereby mitigating risk and ensuring the integrity of the note structure.
TERMINATION BY THE RELEVANT NOTE TRUSTEE. If following an Event of Default or Termination Event, Party B does not exercise its right to terminate a Transaction, then the Relevant Note Trustee may designate an Early Termination Date in relation to that Transaction as if it were a party to this Agreement.