Common use of CERTIFICATE IN RESPECT OF MATERIAL PREJUDICE Clause in Contracts

CERTIFICATE IN RESPECT OF MATERIAL PREJUDICE. the Note Trustee may certify whether or not any of the conditions, events and acts set out in Condition 9 (each of which conditions, events and acts shall, unless the Note Trustee in its absolute discretion shall otherwise determine, for all the purposes of these presents be deemed to include the circumstances resulting therein and the consequences resulting therefrom) is in its opinion materially prejudicial to the interests of the Noteholders of the relevant Series and/or Class or Classes and any such certificate shall be conclusive and binding upon the Master Issuer and the Noteholders;

Appears in 2 contracts

Samples: Master Issuer Trust Deed (Permanent Funding (No. 2) LTD), Master Issuer Trust Deed (Holmes Master Issuer)

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CERTIFICATE IN RESPECT OF MATERIAL PREJUDICE. the Note Trustee may certify whether or not any of the conditions, events and acts set out in Condition 9 (each of which conditions, events and acts shall, unless in any case the Note Trustee in its absolute discretion shall otherwise determine, for all the purposes of these presents be deemed to include the circumstances resulting therein and the consequences resulting therefrom) is in its opinion materially prejudicial to the interests of the Noteholders of the relevant Series and/or Class class or Classes classes and any such certificate shall be conclusive and binding upon the Master Seventh Issuer and the Noteholders;

Appears in 1 contract

Samples: Seventh Issuer Trust Deed (Holmes Financing No 7 PLC)

CERTIFICATE IN RESPECT OF MATERIAL PREJUDICE. the Note Trustee may certify whether or not any of the conditions, events and acts set out in Condition 9 (each of which conditions, events and acts shall, unless in any case the Note Trustee in its absolute discretion shall otherwise determine, for all the purposes of these presents be deemed to include the circumstances resulting therein and the consequences resulting therefrom) is in its opinion materially prejudicial to the interests of the Noteholders of the relevant Series and/or Class or Classes and any such certificate shall be conclusive and binding upon the Master Issuer and the Noteholders;resulting

Appears in 1 contract

Samples: Trust Deed (HOLMES FINANCING (No. 9) PLC)

CERTIFICATE IN RESPECT OF MATERIAL PREJUDICE. the Note Trustee may certify whether or not any of the conditions, events and acts set out in Condition CONDITION 9 (each of which conditions, events and acts shall, unless the Note Trustee in its absolute discretion shall otherwise determine, for all the purposes of these presents be deemed to include the circumstances resulting therein and the consequences resulting therefrom) is in its opinion materially prejudicial to the interests of the Noteholders of the relevant Series and/or Class class or Classes classes and any such certificate shall be conclusive and binding upon the Master Second Issuer and the Noteholders;

Appears in 1 contract

Samples: Second Issuer Trust Deed (Permanent Mortgages Trustee LTD)

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CERTIFICATE IN RESPECT OF MATERIAL PREJUDICE. the Note Trustee may certify whether or not any of the conditions, events and acts set out in Condition 9 (each of which conditions, events and acts shall, unless in any case the Note Trustee in its absolute discretion shall otherwise determine, for all the purposes of these presents be deemed to include the circumstances resulting therein and the consequences resulting therefrom) is in its opinion materially prejudicial to the interests of the Noteholders of the relevant Series and/or Class class or Classes classes and any such certificate shall be conclusive and binding upon the Master Eighth Issuer and the Noteholders;

Appears in 1 contract

Samples: Eighth Issuer Trust Deed (Holmes Financing No 8 PLC)

CERTIFICATE IN RESPECT OF MATERIAL PREJUDICE. the Note Trustee may certify whether or not any of the conditions, events and acts set out in Condition CONDITION 9 (each of which conditions, events and acts shall, unless the Note Trustee in its absolute discretion shall otherwise determine, for all the purposes of these presents be deemed to include the circumstances resulting therein and the consequences resulting therefrom) is in its opinion materially prejudicial to the interests of the Noteholders of the relevant Series and/or Class or Classes and any such certificate shall be conclusive and binding upon the Master Issuer and the Noteholders;

Appears in 1 contract

Samples: Trust Deed (Permanent Funding (No. 2) LTD)

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