Examples of Most Senior in a sentence
In exercising its discretion as to whether or not to give an Enforcement Notice to the Issuer in respect of the Most Senior Class of Notes, the Security Trustee shall not be required to have regard to the interests of the holders of any Class of Notes ranking junior to the Most Senior Class of Notes.
However, there is no assurance that these subordination provisions will protect the holders of the more senior classes of Notes (including the Most Senior Class of Notes) from all or any risk of loss.
Interest Deferral Interest due and payable on the Most Senior Class of Notes will notbe deferred.
If there is a conflict of interest between any Classes of Noteholders, the Security Trustee shall have regard only to the interests of the holders of the Most Senior Class of Notes.
The Security Trustee Management Agreement provides that no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution of the holders of the Most Senior Class of Notes then outstanding in accordance with the Trust Deed.
However, the Noteholders of the Most Senior Class shall have the power, exercisable only by an Extraordinary Resolution, to remove the Security Trustee Director as director of the Security Trustee.
Deferral: Interest due and payable on the Most Senior Class of Notes may not be deferred.
If there is a conflict of interest between any Classes of Noteholders, the Security Trustee shall have regard only to the interest of the Most Senior Class of Noteholders.
Subject to Condition 15.5.1, 15.5.2 and 15.5.3 above, any resolution passed at a meeting of the holders of the Most Senior Class of Notes duly convened and held as aforesaid shall also be binding upon the holders of all the other Classes of Notes and the holders of the Coupons relating thereto.
With regard to clause 18, the AGV undertakes to consult with any person travelling on behalf of the AGV to an authorised event about times, methods of transportation and accommodation with the understanding that the AGV’s Most Senior Staff Member will make the final decision on what is acceptable.