Basic Terms Modification definition

Basic Terms Modification means any proposal:
Basic Terms Modification means any of the following matters, namely:
Basic Terms Modification has the meaning given to such term in Section 9.01 hereof.

Examples of Basic Terms Modification in a sentence

  • Investors should note that a Basic Terms Modification is required to be sanctioned by an Extraordinary Resolution of the holders of the relevant affected Class or Classes of Notes, as applicable which are affected by such Basic Terms Modifications.

  • Subject as provided below in relation to an Extraordinary Resolution concerning a Basic Terms Modification, no Extraordinary Resolution of the Class B Noteholders shall take effect for any purpose while any Class A Notes remain outstanding unless it shall have been sanctioned by an Extraordinary Resolution of the Class A Noteholders or the Note Trustee is of the opinion that it would not be materially prejudicial to the interests of the Class A Noteholders.

  • The following matters require an Extraordinary Resolution unless otherwise specified in the Transaction Documents: (a) a Notes Basic Terms Modification or a Certificates Basic Terms Modification; (b) a modification of the Transaction Documents; and (c) a modification of the Conditions.

  • As the proposed amendment is a Basic Terms Modification (as defined in the Trust Deed), the quorum required for the Extraordinary Resolution to be considered at the Meeting is two or more persons present (including by teleconference) and holding or representing in the aggregate not less than three-quarters of the aggregate Principal Amount Outstanding of the Notes for the time being outstanding.

  • Relationship between Classes of Noteholders:Subject to the provisions governing a Basic Terms Modification, an Extraordinary Resolution of Class A Noteholders shall be binding on the Class Z VFN Holders and would override any resolutions to the contrary by them.


More Definitions of Basic Terms Modification

Basic Terms Modification means any amendment or modification of any Transaction Document which would require a material amendment of the Deed of Incorporation, provided that "material amendment of the Deed of Incorporation" means any amendment to the Deed of Incorporation which is not regarded by the CNMV to amount to a non-material amendment (modificación de escasa relevancia) for the purposes of Article 24 of Law 5/2015, pursuant to which no amendment affecting the Notes or of the provisions dealing with the liquidation procedures of the Issuer or with the calculation and application of the Available Funds can be regarded as a non-material amendment (modificación de escasa relevancia);
Basic Terms Modification has the meaning ascribed to it in Note Condition 13;
Basic Terms Modification means, in respect of any Series and Class of Notes any modification which would have the effect of:
Basic Terms Modification means any proposal to:
Basic Terms Modification has the meaning given to such term in Section 9.01.
Basic Terms Modification means a modification of certain terms applicable to the Notes including, inter alia, the date of maturity of the Notes or a modification which would have the effect of changing any day for payment of interest in respect of the Notes, changes to the amount of principal payable in respect of the Notes, the alteration of the Rate of Interest applicable in respect of the Notes or the alteration of the majority required to pass an Extraordinary Resolution, the alteration of the currency of payment of the Notes or any alteration of the priority of redemption of the Notes.
Basic Terms Modification means any change: