Examples of Relevant Collateral in a sentence
To the extent that there is any Collateral remaining as a result of such rounding down after the Relevant Collateral has been delivered, the remaining Collateral will be dealt with in accordance with and as specified in the Terms for the relevant Series.
If the Terms for the relevant Series so provide, and, if so, in the circumstances (if any) specified therein, the Issuer's obligation to pay such Redemption Amount may be satisfied by the Issuer delivering the Relevant Collateral (rounded down to the nearest denomination of the Collateral) (or any portion thereof specified in the Terms) in the manner set out in the Terms.
The amount of such Collateral to be delivered (the " Relevant Collateral") shall be the corresponding proportion of all such Collateral (rounded down to the nearest denomination of the Collateral) as the Notes held by that Noteholder bear to the then outstanding principal amount of the Notes.
If the Terms for the relevant Series so provide, and, if so, in the circumstances (if any) specified therein, the Issuer's obligation to pay such Redemption Amount may be satisfied by the Issuer delivering the Relevant Collateral (or any portion thereof specified in the Terms) in the manner set out in the Terms.
The parties agree that for the purposes of section 115 of the PPSA, sections 120 (enforcement of liquid assets), 126 (apparent possession) and 128 (secured party may dispose of collateral) of the PPSA will not apply to any Relevant Collateral.