Common use of Benefit of Conditions Clause in Contracts

Benefit of Conditions. Except as otherwise specified herein, this Permanent Global Note is subject to the Conditions and the Trust Deed and, until the whole of this Permanent Global Note is exchanged for Definitive Notes or Registered Notes, the holder of this Permanent Global Note shall in all respects be entitled to the same benefits as if it were the holder of the Definitive Notes or Registered Notes, as the case may be, for which it may be exchanged and as if such Definitive Notes or Registered Notes, as the case may be, had been issued on the Issue Date.

Appears in 1 contract

Samples: Principal Trust Deed

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Benefit of Conditions. Except as otherwise specified herein, this Permanent Global Note is subject to the Conditions and the Trust Deed and, until the whole of this Permanent Global Note is exchanged for Definitive Notes or Registered Notes, the holder of this Permanent Global Note shall shall, in all respects respects, be entitled to the same benefits as if it were the holder of the Definitive Notes or Registered Notes, as the case may be, for which it may be exchanged and as if such Definitive Notes or Registered Notes, as the case may be, had been issued on the Issue Date.

Appears in 1 contract

Samples: Master Trust Terms

Benefit of Conditions. Except as otherwise specified hereinherein or in the Trust Deed or the Conditions, this Permanent permanent Global Note is subject to the Conditions and the Trust Deed and, until the whole of this Permanent permanent Global Note is exchanged for Definitive Notes or Registered Notes, the holder of this Permanent permanent Global Note shall in all respects be entitled to the same benefits as if it were the holder of the Definitive Notes or Registered Notes, as the case may be, for which it may be exchanged and as if such Definitive Notes or Registered Notes, as the case may be, had been issued on the Issue DateDate and shall have the benefit of and be bound by all applicable provisions of the Deed Poll.

Appears in 1 contract

Samples: Trust Deed (Lloyds Banking Group PLC)

Benefit of Conditions. Except as otherwise specified herein, this Permanent permanent Global Note is subject to the Conditions and the Trust Deed and, until the whole of this Permanent permanent Global Note is exchanged for Definitive Notes or Registered Notescancelled, the holder of this Permanent permanent Global Note shall in all respects be entitled to the same benefits as if it were the holder of the Definitive Notes or Registered Notes, as the case may be, for which it may be exchanged and as if such Definitive Notes or Registered Notes, as the case may be, had been issued on the Issue Date.

Appears in 1 contract

Samples: Trust Deed (PPL Corp)

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Benefit of Conditions. Except as otherwise specified herein, this Permanent permanent Global Note is subject to the Conditions and the Trust Deed and, until the whole of this Permanent permanent Global Note is exchanged for Definitive Notes or Registered Notes, the holder of this Permanent permanent Global Note shall in all respects be entitled to the same benefits as if it were the holder of the Definitive Notes or Registered Notes, as the case may be, for which it may be exchanged and as if such Definitive Notes or Registered Notes, as the case may be, had been issued on the Issue Date.

Appears in 1 contract

Samples: Trust Deed

Benefit of Conditions. Except as otherwise specified herein, this Permanent permanent Global Note Note, the Issuer shall procure that is subject to the Conditions and the Trust Deed and, until the whole of this Permanent permanent Global Note is exchanged for Definitive Notes or Registered Notescancelled, the holder of this Permanent permanent Global Note shall in all respects be entitled to the same benefits as if it were the holder of the Definitive Notes or Registered Notes, as the case may be, for which it may be exchanged and as if such Definitive Notes or Registered Notes, as the case may be, had been issued on the Issue issue Date.

Appears in 1 contract

Samples: Trust Deed (PPL Corp)

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