Supporting Notes definition
Examples of Supporting Notes in a sentence
The Private Residential Tenancies (Information for Tenants) (Scotland) Regulations 2017 provide that if a Landlord chooses not to use this Model Private Residential Tenancy Agreement, the Landlord is still legally required to give a Tenant a copy of the Private Residential Tenancy Statutory Terms Supporting Notes.
After the Noteholder RSA Effective Date, if any Consenting Noteholder acquires any additional Notes, that Consenting Noteholder must, within five Business Days of such acquisition, provide written notice of that acquisition to the JPLs, and the Company, provided that a Consenting Noteholder is not obliged to notify the JPLs or the Company in respect of any acquisition of Notes which are not Supporting Notes.
If a Consenting Noteholder acquires additional Notes which are not Supporting Notes at the time of acquisition, such additional Notes shall only become Supporting Notes if the Consenting Noteholder elects to deliver a notice (a “Supporting Notes Notice”) in the form scheduled to the Noteholder RSA in respect of such additional Notes.
These Supporting Notes can help you understand the ‘statutory terms’.
Subject to the provisions summarized under the section headed “Transfers” above, nothing in the Noteholder RSA shall restrict any Consenting Noteholder’s rights to acquire additional Notes (whether such Notes are or are not Supporting Notes at the time of acquisition).
The Private Residential Tenancies (Information for Tenants) (Scotland) Regulations 2017 provide that if a Landlord chooses not to use the Scottish Government’s Model Private Residential Tenancy Agreement, the Landlord is legally required to give their Tenant a copy of the Private Residential Tenancy Statutory Terms Supporting Notes instead.
The Private Residential Tenancies (Information for Tenants) (Scotland) Regulations 2017 provide that if a Landlord chooses not to use the Model Private Residential Tenancy Agreement, the Landlord is still legally required to give a Tenant a copy of the Private Residential Tenancy Statutory Terms Supporting Notes.
Any Noteholder or Proposed Transferee may become a Consenting Noteholder under the Noteholder RSA by delivering to the Company and the JPLs a duly completed and executed Accession Letter in respect of its holdings of Supporting Notes (or, in respect of a Proposed Transferee, its holdings of Supporting Notes following completion of a Transfer).
After the Noteholder RSA Effective Date, if a Consenting Noteholder acquires additional Notes which are Supporting Notes at the time of acquisition, such Supporting Notes shall remain Supporting Notes.