Common use of Class A Notes Clause in Contracts

Class A Notes. In respect of the Class A Notes, the Note Trust Deed provides that, subject to Condition 11.2 (Limitations on Noteholders): (i) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of the Class A Notes of one Class only shall be deemed to have been duly passed if passed at a meeting of the Holders of the Class A Notes of that Class for the time being outstanding; (ii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of the Class A Notes of any two or more Classes but does not give rise to a conflict of interest between the Holders of any such two or more Classes of Class A Notes, shall be deemed to have been duly passed if passed at a single meeting of the Holders of such two or more Classes of Class A Notes for the time being outstanding; and (iii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of the Class A Notes of any two or more Classes and gives or may give rise to a conflict of interest between the Holders of any such Classes of Class A Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the Holders of such two or more Classes of Class A Notes, it shall be passed at separate meetings of the Holders of each such Class of Class A Notes for the time being outstanding. The Note Trust Deed contains similar provisions in relation to requests in writing or directions from Holders of a specified percentage of the Principal Amount Outstanding of each Class of Class A Notes for the time being outstanding.

Class A Notes. In respect of the Class A Notes, the Note Trust Deed provides that, subject to Condition 11.2 sub-paragraph (Limitations on Noteholdersvi): (ia) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class A Notes of one Class Series only shall be deemed to have been duly passed if passed at a meeting of the Holders holders of the Class A Notes of that Class for the time being outstandingSeries; (iib) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class A Notes of any two or more Classes Series but does not give rise to a conflict of interest between the Holders holders of any such two or more Classes Series of Class A Notes, shall be deemed to have been duly passed if passed at a single meeting of the Holders holders of such two or more Classes series of Class A Notes for the time being outstandingNotes; and (iiic) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class A Notes of any two or more Classes Series and gives or may give rise to a conflict of interest between the Holders holders of any such Classes two or more Series of Class A Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the Holders holders of such two or more Classes Series of Class A Notes, it shall be passed at separate meetings of the Holders holders of each such Class two or more Series of Class A Notes for the time being outstanding. The Note Trust Deed contains similar provisions in relation to requests in writing or directions from Holders of a specified percentage of the Principal Amount Outstanding of each Class of Class A Notes for the time being outstandingNotes.

Class A Notes. In respect of the Class A Notes, the Note Master Issuer Trust Deed provides that, subject to Condition 11.2 (Limitations on Noteholders):CONDITION 11.2: (i) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of one class only of the Class A Notes of one Class only shall be deemed to have been duly passed if passed at a meeting of the Holders of that class of the Class A Notes of that Class for the time being outstandingNotes; (ii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of any two or more classes of the Class A Notes of any two or more Classes but does not give rise to a conflict of interest between the Holders of any such two or more Classes of Class A Notes, shall be deemed to have been duly passed if passed at a single meeting of the Holders of that class of such two or more Classes of Class A Notes for the time being outstandingNotes; and (iii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of any two or more classes of the Class A Notes of any two or more Classes and gives or may give rise to a conflict of interest between the Holders of any such two or more Classes of Class A Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the Holders of such two or more Classes of Class A Notes, it shall be passed at separate meetings of the Holders of each of such Class two or more Classes of Class A Notes for the time being outstanding. The Note Trust Deed contains similar provisions in relation to requests in writing or directions from Holders of a specified percentage of the Principal Amount Outstanding of each Class of Class A Notes for the time being outstandingNotes.

Class A Notes. In respect of the Class A Notes, the Note Issuer Trust Deed provides that, subject to Condition 11.2 (Limitations on Noteholders11(A)(6): (i) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class A Notes of one Class Series only shall be deemed to have been duly passed if passed at a meeting of the Holders holders of the Class A Notes of that Class for the time being outstandingSeries; (ii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class A Notes of any two or more Classes Series but does not give rise to a conflict of interest between the Holders holders of any such two or more Classes Series of Class A Notes, shall be deemed to have been duly passed if passed at a single meeting of the Holders holders of such two or more Classes series of Class A Notes for the time being outstandingNotes; and (iii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class A Notes of any two or more Classes Series and gives or may give rise to a conflict of interest between the Holders holders of any such Classes two or more Series of Class A Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the Holders holders of such two or more Classes Series of Class A Notes, it shall be passed at separate meetings of the Holders holders of each such Class two or more Series of Class A Notes for the time being outstanding. The Note Trust Deed contains similar provisions in relation to requests in writing or directions from Holders of a specified percentage of the Principal Amount Outstanding of each Class of Class A Notes for the time being outstandingNotes.

Class A Notes. In respect of Notwithstanding the Class A Notesforegoing, the Note Trust Deed provides that, subject following additional provisions shall apply to Condition 11.2 a Class of Notes issued (Limitations on Noteholders):and remaining outstanding) in more than one Series. (i) a resolution whichBusiness, which in the sole opinion of the Note TrusteeTrustee affects one Series of Notes of such Class, affects the interests shall be transacted at a separate Meeting of the Holders of the Class A Notes of one Class only shall be deemed to have been duly passed if passed at a meeting of the Holders of the Class A Notes holders of that Series and Class for the time being outstanding;of Notes. (ii) a resolution which, Business which in the sole opinion of the Note Trustee, Trustee affects the interests more than one Series of the Holders of the Class A Notes of any two or more Classes such Class but does not give rise to a an actual or potential conflict of interest between the Holders holder of Notes of one such Series and the holders of Notes of any other such two or more Classes Series of such Class A Notes, shall be deemed to have been duly passed if passed transacted either at separate Meetings of the holders of the Notes of each such Series of such Class or at a single meeting Meeting of the Holders holders of the Notes of all such Series of such two or more Classes of Class A Notes for Class, as the time being outstanding; andNote Trustee shall in its absolute discretion determine. (iii) a resolution which, Business which in the sole opinion of the Note Trustee, Trustee affects the interests of the Holders of the Class A Notes of any two or more Classes than one Series of such Class and gives or may give rise to a an actual or potential conflict of interest between the Holders holders of Notes of one such Series and the holders of Notes of any other such Classes Series of such Class A Notes, shall be deemed transacted at separate Meetings of the holders of the Notes of each such Series of such Class. (iv) The preceding paragraphs of this Schedule shall be applied as if references to have been duly passed only if, in lieu the Issuer Notes and Issuer Noteholders were to the Issuer Notes of being passed at the relevant Series and Class and to the holders of such Notes. (v) There shall be no provision for a single meeting of the Holders holders of such two or more Classes one sub-class only of Class A Notes, it shall be passed at separate meetings of the Holders of each such a Class of Class A Notes for of any Series. (vi) In this paragraph, "business" includes (without limitation) the time being outstanding. The Note Trust Deed contains similar provisions in relation to requests in writing passing or directions from Holders rejection of a specified percentage of the Principal Amount Outstanding of each Class of Class A Notes for the time being outstandingany resolution.