Junior Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Junior Notes (i) a single Meeting of the holders of all classes of Junior Notes may be held whether or not there is a conflict of interest between the holders of such classes of the Junior Notes; (ii) there shall be no provision for a Meeting of the holders of one class only of the Junior Notes; and (iii) as the Junior Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Junior Note denominated in Dollars or Euro shall be converted into Sterling at the relevant Dollar Currency Swap Rate or Euro Currency Swap Rate, as the case may be.
Appears in 6 contracts
Samples: Issuer Trust Deed (Granite Mortgages 04-2 PLC), Issuer Trust Deed (Granite Mortgages 04-1 PLC), Issuer Trust Deed (Granite Mortgages 04-1 PLC)
Junior Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Junior Notes
(i) a single Meeting of the holders of all classes of Junior Notes may be held whether or not there is a conflict of interest between the holders of such classes series of the Junior Notes;
(ii) there shall be no provision for a Meeting of the holders of one class only of the Junior Notes; and
(iii) as the Junior Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Junior Note denominated in Dollars or Euro shall be converted into Sterling at the relevant Dollar Currency Swap Rate or Euro Currency Swap Rate, as the case may be.
Appears in 5 contracts
Samples: Issuer Trust Deed Amendment and Restatement Deed (Granite Mortgages 03-2 PLC), Issuer Trust Deed (Granite Mortgages 03-1 PLC), Issuer Trust Deed (Granite Mortgages 02-2 PLC)
Junior Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Junior Notes
(i) a single Meeting of the holders of all classes series of Junior Notes may be held whether or not there is a conflict of interest between the holders of such classes of the Junior Notes;
(ii) there shall be no provision for a Meeting of the holders of one class series only of the Junior Notes; and
(iii) as the Junior Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Junior Note denominated in Dollars or Euro shall be converted into Sterling at the relevant Dollar Currency Swap Rate or Euro Currency Swap Rate, as the case may be.
Appears in 3 contracts
Samples: Issuer Trust Deed (Granite Mortgages 04-3 PLC), Issuer Trust Deed (Granite Mortgages 04-2 PLC), Issuer Trust Deed (Granite Finance Trustees LTD)
Junior Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Junior Notes
(i) a single Meeting of the holders of all classes of Junior Notes may be held whether or not there is a conflict of interest between the holders of such classes series of the Junior Notes;
(ii) there shall be no provision for a Meeting of the holders of one class only of the Junior Notes; and
(iii) as the Junior Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Junior Note denominated in Dollars or Euro shall be converted into Sterling at the relevant Dollar Currency Swap Rate or Euro Currency Swap Rate, as the case may be.. 106
Appears in 1 contract
Junior Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Junior Notes
(i) a single Meeting of the holders of all classes of Junior Notes may be held whether or not there is a conflict of interest between the holders of such classes series of the Junior Notes;
(ii) there shall be no provision for a Meeting of the holders of one class only of the Junior Notes; and
(iii) as the Junior Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Junior Note denominated in Dollars or Euro shall be converted into Sterling at the relevant Dollar Currency Swap Rate or Euro Currency Swap Rate, as the case may be.. 105
Appears in 1 contract
