Constitution of the Notes. 4.1 The Issuer hereby covenants in favor of the Noteholders and each Noteholder that it will duly perform and comply with the obligations expressed to be undertaken by it in the Conditions (and for this purpose any reference in the Conditions to any obligation or payment under or in respect of any Note shall be construed to include a reference to any obligation or payment under or pursuant to this provision). The Issuer hereby unconditionally and irrevocably acknowledges the right of every Noteholder to the prompt production of a copy of the Securities Purchase Agreement.
4.2 The covenant set out in Clause 4.1 shall inure to the benefit of the Noteholders and each Noteholder and its/their (and any subsequent) successors and permitted transferees, each of which shall be entitled severally to enforce the covenant set out in Clause 4.1.
4.3 Each Noteholder shall be entitled to transfer or assign all or any of its rights, benefits and obligations in respect of this Clause 4 solely in accordance with Clause 6 (Transfers of Notes).
Constitution of the Notes. The Series 2020-1 (A1) Notes are constituted by and issued in accordance with the Note Trust Deed and this Note Trust Deed Supplement in the aggregate principal amount of £400,000,000. The Series 2020-1 (A1) Notes shall be in registered form. The Authorised Denomination of the Series 2020-1 (A1) Notes is £100,000 and amounts in excess thereof which are an integral multiple of £1,000.
Constitution of the Notes. On and from each Issue Date, the Issuer constitutes the relevant Notes and covenants in favour of each Subscriber that it will duly perform and comply with the obligations expressed to be undertaken by it in this Agreement and in each Note Certificate (and for this purpose any reference in any Note Certificate and/or in this Agreement to any obligation or payment under or in respect of the Notes shall be construed to include a reference to any obligation or payment under or pursuant to this provision).
Constitution of the Notes. The Notes will be:
(a) issued in registered form;
(b) issued in a minimum amount of:
(i) if the currency selected is GBP, £0.01;
(ii) if the currency selected is USD, $0.01;
(iii) if the currency selected is EUR, €0.01;
(iv) if the currency selected is an Optional Currency other than USD, EUR or GBP, agreed between the relevant Issuer and the Agent; or
(v) in the case of any Additional Facility Notes, the minimum amount agreed between the relevant Issuer and the relevant Additional Facility Noteholders, and, in each case, integral multiples thereof;
(c) considered issued when their details are registered in the Notes Register; and
(d) subject to the terms and conditions of this Agreement.
Constitution of the Notes. 2.1 The principal amount of the Notes constituted by this Deed is limited to(pound)1,654,706 issuable in integral multiples of(pound)1.
2.2 The Company shall only issue the Notes in accordance with the Sale and Purchase Agreement.
2.3 The Notes are not transferable.
Constitution of the Notes. On and from the Restructuring Effective Date, the Company constitutes the Original Notes and covenants in favour of each Finance Party that it will duly perform and comply with the obligations expressed to be undertaken by it in this Agreement and in each Note Certificate (and for this purpose any reference in any Note Certificate and/or in this Agreement to any obligation or payment under or in respect of the Notes shall be construed to include a reference to any obligation or payment under or pursuant to this provision).
Constitution of the Notes. The Notes are hereby constituted in accordance with, and subject to the terms and conditions of, this Agreement. The Notes shall be known and referred to as the Issuer’s up to US$300,000,000 10% Subordinated PIK Notes due May 25, 2018.
Constitution of the Notes. 2.1 The principal amount of the Notes constituted by this Instrument is limited to Pound Sterling7,650,000. The Notes may be issued in denominations of any amount and shall be transferable in whole or (in amounts and integral multiples of Pound Sterling50,000) in part, as provided in the Conditions.
2.2 This Instrument shall operate for the benefit of all Noteholders, each of whom may sue for the performance or observance of its provisions in his xxn right so far as his holding of Notes is concerned, and for all persons claiming through or under them. The Company shall comply with the terms of the Notes and the Conditions and the Notes shall be held subject to the Conditions. The Conditions and schedules shall be deemed to be incorporated in this Instrument and shall be binding on the Company and the Noteholders and all persons claiming through or under them.
2.3 Until such time as the Notes are redeemed or repurchased in accordance with the provisions of this Instrument, the Company will pay to the Noteholders interest (less any applicable taxes) on the principal amount of the Notes outstanding at such rate, at such intervals and in such manner as is provided in the Conditions.
2.4 The Notes may be issued whenever, to whomever, and on whatever terms and conditions the Directors please. When issued and while they are outstanding, the Notes shall rank pari passu equally and rateably without discrimination or preference and as a guaranteed, but otherwise unsecured, obligation of the Company.
Constitution of the Notes. 2.1 The Notes are called(pound)1,250,000 Floating Rate Unsecured Loan Notes 2002.
2.2 The Board may issue the Notes to the Noteholder at such times and on such conditions as provided for in this Deed and in the Conditions.
2.3 Notes may be issued in the amount of(pound)25,000 or an integral multiple thereof.
2.4 The principal amount of the Notes is limited to(pound)1,250,000 (THE "MAXIMUM PRINCIPAL AMount").
2.5 The Notes shall be held subject to and with the benefit of the Conditions, which shall be binding on the Company and on the Noteholder, and which shall have effect in the same manner as if they were set out in this Deed.
Constitution of the Notes. 2.1 The Notes shall be known as The 79TH GRP One Limited secured loan notes 2021.
2.2 The principal amount of the Notes constituted by this instrument is limited to £2,500,000.
2.3 The minimum investment is £10,000 and in multiples of £1,000 thereafter.
2.4 The Company may, by resolution of the Board, issue the Notes to such persons, at such times and on such terms and conditions as the Board may decide. The Company may from time to time (by resolution of the Board) cancel any Notes created but unissued.
2.5 Repayment of the principal and interest due on the Notes shall be secured by the Security Document.
2.6 Each Note or series of Notes is an individual fixed interest security
