Silver Note definition
Examples of Silver Note in a sentence
The Silver Note Issuer is required to issue Silver Notes to the Silver Note Purchaser from time to time in accordance with the terms of this Agreement on each date on which it purchases any ▇▇▇▇▇▇▇▇ US Notes from the US Master Purchaser.
The Silver Note Issuer may not redeem the Silver Notes or any of them, except in accordance with the provisions of this Silver Note Condition 7, but without prejudice to Silver Note Condition 10.
The Silver Note Registrar shall not be under any fiduciary duty towards any person other than Silver Note Issuer and shall not be responsible for or liable in respect of any act or omission of any other person or be under any obligation towards any person other than the Silver Note Issuer.
Back to Contents If the relevant Silver Note Redemption Date is not a Business Day, payments in respect of the relevant Silver Note shall be postponed to the next day, which is a Business Day.
Prior to the due presentment for registration of transfer of any Silver Note, the Silver Note Issuer shall deem and treat the Person in whose name any Silver Note Certificate is registered as the absolute owner and holder of such Silver Note for the purpose of receiving payment of all amounts payable with respect to such Silver Note and for all other purposes, and neither the Silver Note Issuer nor any Silver Note Purchaser will be affected by any notice to the contrary.
The Master Servicer hereby agrees that it will issue and deliver on behalf of the Silver Note Issuer any Silver Note Certificate that the Silver Note Issuer is required to procure the issue and delivery of in accordance with Clause 5.1(a) of the Silver Note Purchase Agreement.
Each of the Master Servicer and the Liquidation Servicer agrees with the Security Agent and Silver Security Agent to be bound by the terms of the Silver Note Issuer Security Agreement and the US Master Purchaser Guarantee and Security Agreement and agrees with the MTN Security Trustee to be bound by the terms of the MTN Issuer Security Documents.
The Security Agent and Silver Security Agent on behalf of the ▇▇▇▇▇▇▇▇ Noteholders and Silver Note Purchaser respectively hereby appoint the Liquidation Servicer as its lawful agent with effect from the date of this Agreement on the terms of this Agreement and subject to the Letter of Engagement and Terms and Conditions attached hereto as Schedule 4.
The US Master Purchaser, the Silver Note Issuer, the Silver Security Agent, the Security Agent and the MTN Security Trustee shall not have any liability to the Sub-Servicers or any other person appointed pursuant to Clause 22.1 whatsoever in respect of any cost, claim, charge, loss, liability, damage or expense suffered or incurred by the Sub-Servicers or any such person in connection with this Agreement.
No modification to these Silver Note Conditions may be made without the consent of the holders of a majority in aggregate of the Silver Note Face Value of all Silver Notes.