Relevant Note definition

Relevant Note means each Note (of the Specified Denomination) in respect of which a valid Put Option Notice has been delivered by a Holder to the Issuer.

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Relevant Note. OR "RELEVANT NOTES": (i) with respect to any Leveraged Leasing Loan, the promissory note to be executed and delivered by the Borrower in favor of the Lender, substantially in the form of Exhibit A to the Relevant Loan Agreement (Leveraged Leasing Loans), and (ii) with respect to any Direct Loan, the promissory notes to be executed and delivered by the Borrower in favor of the Lender on the Relevant Borrowing Date of such Direct Loan, substantially in the form of Annex B-1 and B-2 to the Relevant Loan Agreement (Direct Loans).

Relevant Note has the meaning given in Condition 15(e) (Rights Arising on exercise of Settlement Rights or Conversion Rights- Interest upon exercise of Settlement Rights or Conversion Rights due to early redemption)

Examples of Relevant Note in a sentence

• If following an Event of Default or Termination Event, Party B does not exercise its right to terminate a Transaction, then the Relevant Note Trustee may designate an Early Termination Date in relation to that Transaction as if it were a party to this Agreement.

• Party B must not designate an Early Termination Date without the prior written consent of the Relevant Note Trustee.

• Subject to the terms and conditions of this Waiver and Amendment, Agent and the Required Purchasers hereby waive the Minimum Issuance Amount with regard to the Relevant Note.

• Party B must not (and the Manager must not direct it to) designate an Early Termination Date without the prior written consent of the Relevant Note Trustee.

• If while an Event of Default or Termination Event that gives Party B the right to designate an Early Termination Date in relation to a Transaction is subsisting, Party B does not exercise its right to terminate a Transaction, then the Relevant Note Trustee in relation to that Transaction may designate an Early Termination Date in relation to that Transaction as if it were a party to this Agreement.

• This Note B (a) is the Relevant Note B with respect to the Aircraft referred to in the Loan Agreement as described above, (b) is subject to the provisions of the Loan Agreement and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Loan Agreement.

• If a Relevant Note becomes mutilated, destroyed, lost or stolen, the Borrower shall, upon the written request of the Lender with respect to such Relevant Note, execute and deliver in replacement thereof, a new Relevant Note, in the same principal amount, dated the date of the Relevant Note being replaced and designated as issued under this Agreement and the Security Agreement.

• The Calculation Agent shall determine the redemption amount of, and/or, if applicable, the amount of interest payable on, each Relevant Note in accordance with the redemption calculation applicable thereto.

• The Calculation Agent shall determine the amount of interest payable on, each Relevant Note in accordance with the redemption calculation applicable thereto.

• In respect of this Compartment and any Note (the Relevant Note), and following a Note Acceleration in respect of the Relevant Note, the entitlement of the holder of the Relevant Note as against the Issuer will be limited on or prior to the Deemed Realisation Date to such Noteholder's pro rata share of the proceeds of the relevant Charged Assets applied in accordance with the Order of Priority specified in the Issue Specific Terms.

More Definitions of Relevant Note

Relevant Note has the meaning set out in Condition 5(c);

Relevant Note has the meaning specified in Schedule 4 to the Current Issuer Trust Deed;