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.

  • Accordingly, holders of the Notes of the Most Senior Class may direct the Note Trustee or the Security Trustee to take action or pass an Extraordinary Resolution (unless the matter relates to a Basic Terms Modification) which is contrary to the interests of the other Classes of Noteholders.

  • 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.

  • Relationship between Classes of NoteholdersExcept in respect of certain matters set out in Condition 12 (Meetings of Noteholders, amendments, waiver, substitution and exchange) and the Trust Deed and excluding for the avoidance of doubt a Basic Terms Modification, an Ordinary Resolution or an Extraordinary Resolution of Noteholders of the Most Senior Class of Notes shall be binding on all other Classes.

  • While KBC Bank NV (or any Affiliated Entity) remains the owner of those Notes, it will be entitled to vote in respect of them, except that with respect to the voting of any Basic Terms Modification, specific quorum- and majority requirements, as set out in Condition 4.12, will apply in order to protect the interest of External Investors.


More Definitions of Basic Terms Modification

Basic Terms Modification has the meaning ascribed to it in Note Condition 13;
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 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 indicated in Condition 11(A);
Basic Terms Modification means any change:
Basic Terms Modification has the meaning as set out in Condition 11.1 (Meetings of Noteholders); Beneficiaries means the Funding Companies and the Seller, as beneficiaries of the Mortgages Trust; Borrower means, in relation to a Loan, the individual or individuals specified as such in the relevant Mortgage Terms together with the individual or individuals (if any) from time to time assuming an obligation to repay such Loan or any part of it; Business Day means a day that is a London Business Day, a New York Business Day and a TARGET2 Business Day;