Examples of Secured Issuer Obligations in a sentence
The Security is granted to the Trustee as continuing Security for the Secured Issuer Obligations.
If, following realisation in full of the Secured Property (whether by way of liquidation or enforcement) and application of available cash sums as provided in this Condition 6, the Trust Deed and the Security Deed, as applicable, any outstanding claim against the Issuer in respect of the Secured Issuer Obligations remains unpaid, then such outstanding claim shall be extinguished and no debt shall be owed by the Issuer in respect thereof.
The Security is granted to the Security Trustee as continuing Security for the Secured Issuer Obligations.
The Issuer hereby ratifies and confirms and agrees to ratify and confirm whatever such an attorney does, may do, or may purport to do pursuant to this clause and all monies expended by such an attorney shall be deemed to form part of the Secured Issuer Obligations except in either case of fraud, gross negligence or wilful misconduct on the part of that attorney.
Any release, settlement, discharge, re-assignment or arrangement (in this Clause, a "release") shall be deemed to be made subject to the condition that it will be void if any payment or discharge of the Secured Issuer Obligations is set aside under any applicable law or proves to have been for any reason invalid or void.
All costs, expenses, outgoings and liabilities properly incurred by any such Receiver shall form part of the Secured Issuer Obligations, unless such costs, expenses, outgoings and liabilities arise out of its own fraud, gross negligence and/or wilful default.
Additionally, the Secured Issuer Obligations may be secured pursuant to a Security Document other than the Irish Law Security Trust Deed or the English Law Security Trust Deed, as specified in the relevant Issue Deed.
The Security is granted to the Security Trustee as continuing security for the Secured Issuer Obligations relating to the relevant Series and shall remain in force as a continuing security to the Security Trustee, notwithstanding any intermediate payment or satisfaction of any part of the Secured Issuer Obligations or any settlement of account or any other act, event or matter whatsoever.
In order to secure the Secured Issuer Obligations relating to a Series, the Issuer will grant security over the Secured Property on the terms of, and as set out in, the English Law Security Trust Deed (as defined below) and/or any other Security Document entered into in respect of such Series.
In addition, data recently published by the General State Comptroller (IGAE) and notified by the Spanish statistical office to Eurostat on 29 September 2015, i.e. after the submission of the Draft Budgetary Plan, show a lower nominal GDP in 2014 and, in turn, a slightly higher general government deficit to GDP ratio, at 5.9% of GDP2.