Description of Notes and Basic Documents Clause Samples
The 'Description of Notes and Basic Documents' clause defines and outlines the key financial instruments and foundational agreements involved in a transaction. It typically specifies the types of notes being issued, such as promissory notes or bonds, and identifies the principal documents that govern the rights and obligations of the parties, like indentures, purchase agreements, or security agreements. By clearly describing these elements, the clause ensures all parties have a shared understanding of the instruments and documents at the heart of the deal, thereby reducing ambiguity and potential disputes over what constitutes the core contractual framework.
Description of Notes and Basic Documents. The Notes and each of the Basic Documents conform in all respects to the description thereof and the statements relating thereto contained in the Registration Statement, the Preliminary Prospectus and the Final Prospectus, as then amended or supplemented, and will be in substantially the respective forms previously delivered to the Representative, except where such failure to conform would not have a material adverse effect on the Seller’s or the Servicer’s respective ability to perform its obligations under the Basic Documents.
Description of Notes and Basic Documents. The Notes and each of the Basic Documents conform in all material respects to the description thereof and the statements relating thereto contained in the Registration Statement and Prospectus, as then amended or supplemented, and will be in substantially the respective forms previously delivered to the Underwriters.