Extraordinary Resolution Direction definition

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in the Trust Deed) of the Noteholders or the Noteholder (as applicable)

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in Condition 13(a) (Meetings of Holders)) of the Holders; and

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in the Trust Deed) of the Noteholders; and

Examples of Extraordinary Resolution Direction in a sentence

• Until the Transaction Security becomes enforceable, the Issuer may exercise any rights in its capacity as beneficial owner of the Collateral only with the consent of the Trustee or by an Extraordinary Resolution Direction and, if such direction or consent is given, the Issuer will act only in accordance with such direction or consent.

• Any such Holder Request or Extraordinary Resolution Direction made in respect of an Event of Default pursuant to Condition 11(a) (Events of Default) shall, if it does not already do so, be deemed to request the Trustee to give notice to the Issuer that, in the case of Notes, the Notes are, and shall immediately become, due and payable at their Early Redemption Amount or, in the case of Warrants, the Warrants are to be cancelled with the Cancellation Amount payable to the Warrantholders.

• If any Transaction Security becomes enforceable, the Trustee may at its discretion and shall (as long as it has been indemnified, secured and/or prefunded to its satisfaction), on receipt of whichever of a Holder Request, Extraordinary Resolution Direction or a Creditor Direction as shall be specified in the Supplemental Trust Deed or (if none is so specified) a Creditor Direction, enforce the Transaction Security constituted by the Trust Deed.

• In particular, the Issuer will not attend or vote at any meeting of holders of the Collateral Securities, or give any consent or notification or make any declaration in relation to the Collateral, unless the Trustee shall so direct or pursuant to an Extraordinary Resolution Direction.

• Until the Security becomes enforceable, the Issuer may exercise any rights in its capacity as beneficial owner of the Collateral only with the consent of the Trustee or by an Extraordinary Resolution Direction and, if such direction or consent is given, the Issuer will act only in accordance with such direction or consent.

More Definitions of Extraordinary Resolution Direction

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in the Trust Deed) of the relevant Holders.

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in the Trust Deed) of the Noteholders.

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in the relevant Issue Deed) of the Noteholders;

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in the Trust Deed) of the relevant Holders. 5. RESTRICTIONS‌ So long as any of the Transactions remain outstanding, the Issuer shall not, without the consent of the Trustee and any Other Creditors, incur any other indebtedness for borrowed moneys or engage in any business (other than acquiring and holding the Mortgaged Property, entering into Transactions (whether under the Programme or otherwise) including the issue of notes or warrants (as provided below), entering into any Credit Support Document and/or Other Obligations, entering into related agreements and transactions (as described below) and performing any act incidental to or necessary in connection with any of the foregoing) (provided that for the avoidance of doubt nothing shall prevent the Issuer from engaging an administrator, accountants, statutory auditors and legal and banking advisers), declare any dividends in excess of an aggregate annual amount of £1,200, have any subsidiaries or employees, purchase, own, lease or otherwise acquire any real property (including office premises or like facilities), consolidate or merge with any other person or convey or transfer its properties or assets substantially as an entity to any person (otherwise than as contemplated in these Conditions and the Trust Deed) or issue any shares (other than such shares as were in issue on (i) 12 November 2004, in the case of the Issuer; or(ii) the date of the Acceptance Deed, in the case of the Specified Issuer). The Issuer may from time to time (without the consent of the Holders or any Other Creditor but provided that the Trustee is satisfied that the restrictions of this Condition will be complied with) issue further notes (which may form a single series with the Notes) or issue further warrants (which may form a single series with the Warrants) and create or incur further obligations relating to such notes or warrants, as the case may be, provided that such further notes or warrants, as applicable, and obligations:

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in Condition 12(a) (Meetings of Noteholders)) of the Noteholders; and

Extraordinary Resolution Direction means a direction by Extraordinary Resolution (as defined in the Trust Deed) of the Noteholders or, in respect of a Class of Notes where there are Related Notes, a direction by Extraordinary Resolution of the holders of the Controlling Class or such other holders of Notes as may be specified in the relevant Final Terms.

Extraordinary Resolution Direction means, subject to the Conditions, a direction by Extraordinary Resolution of the holders of Senior Notes, provided that if there are no Senior Notes outstanding “Extraordinary Resolution Direction” shall mean a direction by Extraordinary Resolution of the holders of Subordinated Notes.