Common use of Class C Notes Clause in Contracts

Class C Notes. In respect of the Class C Notes, subject to sub-paragraph (vi): (a) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class C Notes of one Series only shall be deemed to have been duly passed if passed at a meeting of the holders of the Class C Notes of that Series; (b) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class C Notes of any two or more Series but does not give rise to a conflict of interest between the holders of such two or more Series of Class C Notes, shall be deemed to have been duly passed if passed at a single meeting of the holders of such two or more series of Class C Notes; and (c) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class C Notes of any two or more Series and gives or may give rise to a conflict of interest between the holders of such two or more Series of Class C 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 Series of Class C Notes, it shall be passed at separate meetings of the holders of such two or more Series of Class C Notes.

Class C Notes. In respect of the Class C Notes, the Master Issuer Trust Deed provides that, subject to sub-paragraph (vi):CONDITION 11.2: (ai) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders Holders of one class only of the Class C Notes of one Series only shall be deemed to have been duly passed if passed at a meeting of that class of the holders Holders of that class of the Class C Notes of that SeriesNotes; (bii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders Holders of any two or more classes of the Class C Notes of any two or more Series but does not give rise to a conflict of interest between the holders Holders of any such two or more Series Classes of Class C Notes, shall be deemed to have been duly passed if passed at a single meeting of the holders Holders of such two or more series Classes of Class C Notes; and (ciii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders Holders of any two or more classes of the Class C Notes of any two or more Series and gives or may give rise to a conflict of interest between the holders Holders of any such two or more Series Classes of Class C 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 Series Classes of Class C Notes, it shall be passed at separate meetings of the holders Holders of each of such two or more Series Classes of Class C Notes.

Class C Notes. In respect of the Class C Notes, the Issuer Trust Deed provides that, subject to sub-paragraph (vi):Condition 11(A)(6): W-71 (ai) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class C Notes of one Series only shall be deemed to have been duly passed if passed at a meeting of the holders of the Class C Notes of that Series; (bii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class C Notes of any two or more Series but does not give rise to a conflict of interest between the holders of such two or more Series of Class C Notes, shall be deemed to have been duly passed if passed at a single meeting of the holders of such two or more series of Class C Notes; and (ciii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class C Notes of any two or more Series and gives or may give rise to a conflict of interest between the holders of such two or more Series of Class C 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 Series of Class C Notes, it shall be passed at separate meetings of the holders of such two or more Series of Class C Notes.