Issue of Note Acknowledgement Sample Clauses
The Issue of Note Acknowledgement clause establishes the formal process by which a party recognizes the issuance of a note, typically a financial instrument or debt obligation. In practice, this clause requires the recipient or holder of the note to confirm receipt and acceptance, often through a signed document or electronic confirmation. By mandating this acknowledgement, the clause ensures that both parties have a clear, documented understanding of the note's existence and terms, thereby reducing the risk of disputes regarding its issuance or validity.
Issue of Note Acknowledgement. When a person has been entered in the relevant Register as the holder of Notes, as soon as practicable (and in any event no later than 5 Business Days or such shorter period specified in the relevant Series Notice or as otherwise agreed by the Trustee with the person or the Trust Manager) thereafter, the Trustee shall issue a Note Acknowledgement to that person in respect of those Notes. If the person has been entered into the relevant Register under a Note Transfer and the transferor continues to retain a holding of Notes, the Trustee shall within the same period stated above issue to the transferor a Note Acknowledgement in respect of that retained holding of Notes. No certificates will be issued in respect of Notes.
Issue of Note Acknowledgement. 62 15.2 Note Acknowledgement not certificate of title .......................................................... 62 15.3
Issue of Note Acknowledgement. When a person has been entered in the Register as the holder of Class B Notes, as soon as practicable (and in any event no later than 5 Business Days or such shorter period specified in the relevant Supplementary Terms Notice or as otherwise agreed by the Trustee with the person or the Manager) thereafter, the Trustee shall issue a Note Acknowledgement to that person in respect of those Class B Notes. If the person has been entered into the Register under a Note Transfer and the transferor continues to retain a holding of Class B Notes, the Trustee shall, within the same period stated above, issue to the transferor a Note Acknowledgement in respect of that retained holding of Class B Notes. No certificates will be issued in respect of Class B Notes.