Common use of MATERIAL PREJUDICE Clause in Contracts

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Third Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Third Issuer Secured Creditors.

Appears in 1 contract

Samples: Deed of Charge (Permanent Mortgages Trustee LTD)

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MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Third Seventh Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Third Seventh Issuer Secured Creditors.

Appears in 1 contract

Samples: Seventh Issuer Deed of Charge (Permanent Mortgages Trustee LTD)

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Third Fifth Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Third Fifth Issuer Secured Creditors.

Appears in 1 contract

Samples: Fifth Issuer Deed of Charge (Permanent Financing (No. 5) PLC)

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Third Sixth Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Third Sixth Issuer Secured Creditors.

Appears in 1 contract

Samples: Deed of Charge (Permanent Mortgages Trustee LTD)

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Third Second Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Third Second Issuer Secured Creditors.

Appears in 1 contract

Samples: Second Issuer Deed of Charge (Permanent Mortgages Trustee LTD)

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MATERIAL PREJUDICE. The Security Trustee may determine whether or not any an event, matter or thing is, in its opinion, is materially prejudicial to the interests of the Third Issuer one or more Secured Creditors and if the Security Trustee shall certify that any Creditor. Any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall determination will be conclusive and binding upon on the Third Issuer and the Secured Creditors.

Appears in 1 contract

Samples: Deed of Charge

MATERIAL PREJUDICE. The Security Trustee may determine whether or not any event, matter or thing is, in its opinion, materially prejudicial to the interests of the Third Fourth Issuer Secured Creditors and if the Security Trustee shall certify that any such event, matter or thing is, in its opinion, materially prejudicial, such certificate shall be conclusive and binding upon the Third Fourth Issuer Secured Creditors.

Appears in 1 contract

Samples: Deed of Charge (Permanent Mortgages Trustee LTD)

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