Scottish Supplemental Charge definition

Scottish Supplemental Charge means each assignation in security governed by Scots law granted by the LLP in favour of the Security Trustee pursuant to the Deed of Charge; Scottish Transfer means an assignation of Scottish Mortgages and the Scottish Loans secured thereby in the form set out in Part 1 of Schedule 15 to the Mortgage Sale Agreement (in relation to Scottish Mortgages registered or required to be registered in the Land Register of Scotland) or Part 2 of Schedule 15 to the Mortgage Sale Agreement (in relation to Scottish Mortgages recorded or required to be recorded in the General Register of Sasines);
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Scottish Supplemental Charge means each assignation in security governed by Scots law granted by the LLP in favour of the Security Trustee pursuant to the Deed of Charge;
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Scottish Supplemental Charge means each assignation in security governed by Scots law granted by the Issuer in favour of the Security Trustee pursuant to Clause 3.5 of the Deed of Charge; Scottish Transfers means each Sasine Transfer and each SLR Transfer, as applicable, granted by the Seller in favour of the Issuer; Scottish Trust means the trust declared and created pursuant to a Scottish Declaration of Trust; Scottish Trust Property has the meaning given to it in the relevant Scottish Declaration of Trust; Secured Creditors means the Security Trustee, the Note Trustee, the Noteholders, the Seller, the Servicer, the Back-Up Servicer Facilitator, the Cash Manager, the Interest Rate Hedge Provider, the Account Bank, the GIC Provider, the Collateral Account Bank, the Corporate Services Provider, the Paying Agents, the Registrar, the Class Z VFN Registrar, the Agent Bank and any other person who is expressed in the Deed of Charge or any deed supplemental to the Deed of Charge to be a secured creditor; Secured Obligations means any and all of the monies and liabilities which the Issuer covenants and undertakes to pay or discharge under Clause 2 (Issuer's Covenant to Pay) of the Deed of Charge and all other amounts owed by it to the Secured Creditors under and pursuant to the Transaction Documents; Securities Act means the United States Securities Act of 1933, as amended; Securitisation Regulations means the Taxation of Securitisation Companies Regulations 2006 (SI 2006/3296); Securitisation Regulation means Regulation 2017/2402 of the European Parliament and of the Council laying down common rules on securitisation and creating a European framework for simple, transparent, and standardised securitisation and amending Directives 2009/65/EC, 2009/138/EC, 2011/61/EU, and Regulations (EC) No 1060/2009 and (EU) No 648/2012; Security means the security granted by the Issuer to the Security Trustee under and pursuant to the Deed of Charge in favour of the Secured Creditors;
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Examples of Scottish Supplemental Charge in a sentence

  • The Issuer shall make a filing or shall procure that a filing is made with the Registrar of Companies of a duly completed Form MR01 in respect of itself together with a certified copy of this Deed and each Scottish Supplemental Charge and Scottish Sub-Security, in each case within the applicable time limit.

  • The Issuer undertakes to the Security Trustee at the time of delivery of the Scottish Supplemental Charge under the terms of Clause 3.5(a) simultaneously to deliver to the Security Trustee the relevant Scottish Declaration of Trust, with the schedule thereto redacted.

  • It is entered into (together with any other additional security document such as each Scottish Supplemental Charge) for the purpose of constituting and securing the Notes and setting out the terms of the agreement made between the parties specified therein in relation to the Notes.

  • The Seller undertakes to execute the Scottish Supplemental Charge as trustee under the relevant Scottish Declaration of Trust.

  • The Seller undertakes to execute each Scottish Supplemental Charge as trustee under the relevant Scottish Declaration of Trust.

  • Governing Law: English law (other than (i) each Scottish Declaration of Trust, ScottishTransfer, Scottish Supplemental Charge and Scottish Sub-Security, which shall be governed by and construed in accordance with Scots law and (ii) any terms of the Transaction Documents which are particular to Scots law which will be construed in accordance with Scots law).

  • The Issuer undertakes forthwith upon the execution and delivery of a Scottish Declaration of Trust entered into pursuant to Clause 3 (Closing Date) or Clause 4 (Sale and Purchase of Additional Loans) of the Mortgage Sale Agreement or otherwise, to execute and deliver to the Security Trustee a Scottish Supplemental Charge substantially in the form set out in Schedule 4 (Form of Scottish Supplemental Charge) to this Deed.

  • The other parties to this Deed consent to the entering into of such Scottish Supplemental Charge and the Sec urity Trustee authorises and instructs the Issuer to intimate and give notice to the Seller of the assignation in security made thereunder as provided therein.

  • The Seller will also undertake forthwith to execute the Scottish Supplemental Charge in respect of the Issuer’s interest in the Scottish Vehicle Sale Proceeds Floating Charge for the purpose of acknowledging receipt of intimation of the Scottish Supplemental Charge.

  • The LLP undertakes to the Security Trustee at the time of delivery of any Scottish Supplemental Charge under the terms of Clause 4.8(a) above simultaneously to deliver to the Security Trustee each Scottish Declaration of Trust specified therein.


More Definitions of Scottish Supplemental Charge

Scottish Supplemental Charge has the meaning given to it in the Deed of Charge;
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Scottish Supplemental Charge means an assignation in security of the interest of the Issuer under the Scottish Declaration of Trust granted by the Issuer in favour of the Security Trustee on the Closing Date pursuant to the Deed of Charge substantially in the form set out in Schedule 4 (Form of Scottish Supplemental Charge) thereto.
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Related to Scottish Supplemental Charge

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Additional Charge means a charge in accordance with Canon’s Current Rate; Additional Services means any service in addition to the Services to be provided by Canon under clause 21; Business Day means a day that is not a Saturday, Sunday or public holiday in the place where the Products or Services are being supplied;

  • Transition bond charge means a charge, expressed as an

  • Rental Charges means the charges payable for renting the Vehicle from Us together with GST and any other taxes or levies which are all fully set out in the Rental Agreement.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Capital Charge means the deemed opportunity cost of employing Capital in the Company’s businesses, determined as follows: Capital Charge = Capital X Cost of Capital

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.