Current Issuer Security definition

Current Issuer Security means the security created by the Current Issuer pursuant to the Current Issuer Deed of Charge;
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Examples of Current Issuer Security in a sentence

  • The Note Trustee does not have any responsibility in relation to the legality and the enforceability of the trust arrangements and the related Current Issuer Security.

  • The Note Trustee may, at its discretion and without notice, at any time after the Current Issuer Security has become enforceable, take such steps as it may think fit to enforce the Current Issuer Security.

  • Furthermore, the Note Trustee will be relieved of liability for making searches or other inquiries in relation to the assets comprising the Current Issuer Security.

  • The Note Trustee will not be responsible for any loss, expense or liability which may be suffered as a result of any assets comprised in the Current Issuer Security, or any deeds or documents of title thereto, being uninsured or inadequately insured or being held by clearing organisations or their operators or by intermediaries such as banks, brokers or other similar persons on behalf of the Note Trustee.

  • The Current Issuer Trust Deed and the Current Issuer Deed of Charge contain provisions governing the responsibility (and relief from responsibility) of the Note Trustee and providing for its indemnification in certain circumstances, including, among others, provisions relieving it from taking enforcement proceedings or enforcing the Current Issuer Security unless indemnified to its satisfaction.

  • The Note Trustee will not be responsible for any deficiency which may arise because it is liable to tax in respect of the proceeds of any Current Issuer Security.

  • The above priority of payments will change and the Current Issuer will make repayments of principal in accordance with and subject to the Current Issuer Priority of Payments as set out in the Current Issuer Cash Management Agreement or, as the case may be, the Current Issuer Deed of Charge (1) following the occurrence of a Trigger Event, and/or (2) following the enforcement of the Funding Security and/or the enforcement of the Current Issuer Security.

  • Except where expressly provided otherwise, so long as any of the Notes remains outstanding, the Note Trustee is not required to have regard to the interests of any persons (other than the class or classes of Noteholders described above) entitled to the benefit of the Current Issuer Security.

  • The above priority of payments will change and the Current Issuer will make repayments of principal in accordance with and subject to the Current Issuer Priority of Payments as set out in the Current Issuer Cash Management Agreement or, as the case may be, the Current Issuer Deed of Charge (1) following the occurrence of a Trigger Event and/or, (2) following the enforcement of the Funding Security and/or the enforcement of the Current Issuer Security.

  • Amounts available for distribution after enforcement of the Current Issuer Security shall be distributed in accordance with the terms of the Current Issuer Deed of Charge.

Related to Current Issuer Security

  • Issuer Secured Parties means the Trustee in respect of the Trustee Issuer Secured Obligations.

  • Cyber security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Tender Security means the security required to be submitted by the Tenderer with its Tender Offer.

  • exchangeable security means a security of an issuer that is exchangeable for, or carries the right of the holder to acquire, or of the issuer to cause the acquisition of, a security of another issuer;

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • Junior Security of a Person means, when used with respect to the Securities of any series, any Qualified Capital Stock of such Person or any Indebtedness of such Person that is subordinated in right of payment to the Securities of such series and has no scheduled installment of principal due, by redemption, sinking fund payment or otherwise, on or prior to the Stated Maturity of the Securities of such series.

  • Preferred Security means a preferred security of the Trust, denominated as such and representing an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the terms provided therefor in this Trust Agreement.

  • Similar Security means a reference bond or reference bonds issued by the same issuer as the Reference Security having actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  • Book-Entry Preferred Security means a Preferred Security, the ownership and transfers of which shall be made through book entries by a Depositary.

  • Issuer Shares means any classes of share capital or other equity securities issued by the Issuer (including but not limited to actions de préférence (preference shares));

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Bid Security (BS) means Earnest Money Deposit / monetary or financial guarantee to be furnished by a bidder along with its tender.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Underlying Securities Issuer With respect to an Underlying Security, the issuer thereof (including, if applicable, the guarantor of the Underlying Security), as identified in the Underlying Securities Schedule.

  • First Issue Date means the date on which the Issuer issues a Series of Covered Bonds for the first time pursuant to the Programme;

  • Issuer Secured Obligations means the Insurer Issuer Secured Obligations and the Trustee Issuer Secured Obligations.

  • Purchaser Securities means the Purchaser Shares, Purchaser Rights, Purchaser Units, Purchaser Warrants, collectively.

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Event Issue Value means, with respect to any Common Unit as of any date of determination, (i) in the case of a Revaluation Event that includes the issuance of Common Units pursuant to a public offering and solely for cash, the price paid for such Common Units, or (ii) in the case of any other Revaluation Event, the Closing Price of the Common Units on the date of such Revaluation Event or, if the General Partner determines that a value for the Common Unit other than such Closing Price more accurately reflects the Event Issue Value, the value determined by the General Partner.

  • Coupon Security means any Bearer Security authenticated and delivered with one or more Coupons appertaining thereto.