First Issuer definition
Examples of First Issuer in a sentence
Title to the Global First Issuer Notes passes only on due registration in the Register and only the registered holder is entitled to payment in respect of this Global First Issuer Note.
References herein to the Conditions (or to any particular numbered Condition) shall be to the Conditions (or that particular one of them) set out in Schedule 3 to the First Issuer Trust Deed.
The Cash Manager undertakes (to the extent to which the same is within its control) that at the Initial Closing Date the Funding (First Issuer) GIC Account will be operative and that the Cash Manager will not knowingly create or permit to subsist any Security Interest in relation to the Funding (First Issuer) GIC Account other than as created under or permitted pursuant to the Funding Deed of Charge.
From the proceeds of the issue of those First Issuer Notes, the First Issuer shall make a loan to Funding pursuant to the terms of the First Issuer Intercompany Loan Agreement.
The appointment pursuant to Clause 2.1 herein is conditional upon the issue of the First Issuer Notes having taken place and shall take effect upon and from the Initial Closing Date automatically without any further action on the part of any person PROVIDED THAT if the issue of the First Issuer Notes has not occurred by 30 April 2001, or such later date as the First Issuer and the Lead Manager may agree, this Agreement shall cease to be of further effect.
Terms not defined herein have the meanings ascribed to them in the Master Definitions and Construction Schedule and the First Issuer Master Definitions and Construction Schedule, both dated 13th June, 2002 and signed for the purposes of identification by ▇▇▇▇▇ & Overy and Sidley ▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇, and the First Issuer Trust Deed.
The Administrator agrees that for so long as any First Issuer Notes and New Notes are outstanding it will not petition nor commence proceedings for the administration or winding up of the Mortgages Trustee or Funding or any Issuer nor participate in any ex parte proceedings with regard thereto.
The aggregate principal amount from time to time of this Global First Issuer Note shall be that amount not exceeding US$26,000,000 as shall be shown by the latest entry duly made in the Schedule hereto.
The aggregate principal amount from time to time of this Global First Issuer Note shall be that amount not exceeding US$500,000,000 as shall be shown by the latest entry duly made in the Schedule hereto.
This Global First Issuer Note is duly authenticated without recourse, warranty or liability.