Common use of Mezzanine Notes Clause in Contracts

Mezzanine Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Mezzanine Notes: (i) a single Meeting of the holders of all classes of Mezzanine Notes may be held whether or not there is a conflict of interest between the holders of such classes of the Mezzanine Notes; (ii) there shall be no provision for a Meeting of the holders of one class only of the Mezzanine Notes; and (iii) as the Mezzanine Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Mezzanine 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 03-3 PLC), Issuer Trust Deed (Granite Mortgages 03-3 PLC), Issuer Trust Deed (Granite Mortgages 04-1 PLC)

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Mezzanine Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Mezzanine Notes: (i) a single Meeting of the holders of all classes of Mezzanine Notes may be held whether or not there is a conflict of interest between the holders of such classes series of the Mezzanine Notes; (ii) there shall be no provision for a Meeting of the holders of one class only of the Mezzanine Notes; and (iii) as the Mezzanine Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Mezzanine 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 (Granite Mortgages 03-1 PLC), Issuer Trust Deed (Granite Mortgages 02-2 PLC), Issuer Trust Deed Amendment and Restatement Deed (Granite Mortgages 03-2 PLC)

Mezzanine Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Mezzanine Notes: (i) a single Meeting of the holders of all classes series of Mezzanine Notes may be held whether or not there is a conflict of interest between the holders of such classes of the Mezzanine Notes; (ii) there shall be no provision for a Meeting of the holders of one class series only of the Mezzanine Notes; and (iii) as the Mezzanine Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Mezzanine 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 Finance Trustees LTD), Issuer Trust Deed (Granite Mortgages 04-2 PLC), Issuer Trust Deed (Granite Mortgages 04-3 PLC)

Mezzanine Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Mezzanine Notes: (i) a single Meeting of the holders of all classes of Mezzanine Notes may be held whether or not there is a conflict of interest between the holders of such classes series of the Mezzanine Notes;; 141 (ii) there shall be no provision for a Meeting of the holders of one class only of the Mezzanine Notes; and (iii) as the Mezzanine Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Mezzanine 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 1 contract

Samples: Issuer Trust Deed (Granite Mortgages 03-1 PLC)

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Mezzanine Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Mezzanine Notes: (i) a single Meeting of the holders of all classes of Mezzanine Notes may be held whether or not there is a conflict of interest between the holders of such classes series of the Mezzanine Notes;; 105 (ii) there shall be no provision for a Meeting of the holders of one class only of the Mezzanine Notes; and (iii) as the Mezzanine Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Mezzanine 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 1 contract

Samples: Issuer Trust Deed (Granite Mortgages 03-2 PLC)

Mezzanine Notes. Notwithstanding the foregoing, the following additional provisions shall apply to Mezzanine Notes: (i) a single Meeting of the holders of all classes of Mezzanine Notes may be held whether or not there is a conflict of interest between the holders of such classes series of the Mezzanine Notes;; 104 (ii) there shall be no provision for a Meeting of the holders of one class only of the Mezzanine Notes; and (iii) as the Mezzanine Notes are not all denominated in the same currency, the Principal Amount Outstanding of any Mezzanine 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 1 contract

Samples: Issuer Trust Deed (Granite Mortgages 03-1 PLC)

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