Underlying Notes definition

Underlying Notes. The Underlying Notes specified on Schedule I, subject to removal from the assets of the Trust upon the occurrence of a Removal Event, a Wind-Up Event, an event specified in Section 3.10 or the optional redemption of Underlying Notes by the related Underlying Issuer.

Underlying Notes means the Notes represented by the Components of a Combination Note, which, for the avoidance of doubt, are:

Underlying Notes. The Class A-5 Notes and Class A-IO Notes issued pursuant to the Underlying Indenture.

Examples of Underlying Notes in a sentence

• The records of the Relevant Clearing System shall be conclusive evidence of the identity of the Relevant Account Holders and the number of Underlying Notes credited to the securities account of each Relevant Account Holder.

• The custodian will hold the Underlying Notes through a clearing system.

• Rights in the Underlying Notes will be held through custodial and depositary links through the appropriate clearing systems.

• The enforcement of rights under the Underlying Notes will therefore be subject to the local law of the relevant intermediary.

• CDIs will be issued by the CREST Depository to investors and will be governed by English law.The Underlying Notes (as distinct from the CDIs representing indirect interests in such Underlying Notes) will be held in an account with a custodian.

More Definitions of Underlying Notes

Underlying Notes means promissory notes evidencing Underlying Loans.

Underlying Notes means promissory notes evidencing Underlying Loans. (10) (11) "Mortgage-Backed Securities" shall mean securities derived from or secured by Underlying Loans that are intended to be sold to responsible long-term investors. (12) (13) "Purchase Commitments" shall mean commitments from long-term investors or representatives of long-term investors to purchase Underlying Loans or Mortgage-Backed Securities. (14) (15) (16) (17)

Underlying Notes means the notes to be issued by the Underlying Note Issuer and subscribed for by the Issuer and being as described in Part 5 “Answers to important questions”.

Underlying Notes means the collective reference to the promissory notes executed by an Affiliate Partnership payable to the order of any Person evidencing Indebtedness secured by corresponding Underlying Mortgages.

Underlying Notes means the 6.763% Notes due 2008 which are purchasable upon exercise of the Warrants.

Underlying Notes. The Class A-5-1 Notes, Class A-5-2 Notes, Class A-5-3 Notes, Class A-5-4 Notes, Class A-5-5 Notes and Class A-5-6 Notes issued pursuant to the Underlying Indenture.

Underlying Notes. ’ means, in respect of the Class V Structured Combination Notes, the Subordinated Notes and the OAT Strips relating to the respective Components thereof, and in respect of the Class VI Structured Combination Notes, the Subordinated Notes and the Natexis Zero Coupon Notes relating to the respective Components thereof.