Common use of No Other Remedies and Other Terms Clause in Contracts

No Other Remedies and Other Terms. (a) Other than the limited remedies specified in this Article 4, and subject to paragraph (c) below, no remedy against the Company shall be available to the Trustee (acting on behalf of the Holders) and to the Holders and Beneficial Owners, whether for the recovery of amounts owing in respect of such Additional Tier 1 Securities or under the Indenture, or in respect of any breach by the Company of any of the Company’s obligations under or in respect of the terms of such Additional Tier 1 Securities or under the Indenture in relation thereto; provided, however, that the Company’s obligations to the Trustee under, and the Trustee’s lien provided for in, Section 6.07 of the Capital Securities Indenture and the Trustee’s rights to have money collected applied first to pay amounts due to it under such Section pursuant to Section 5.06 of the Capital Securities Indenture shall not be limited or impaired by this Article 4 or otherwise and expressly survive any Enforcement Event and are not subject to the subordination provisions of Section 5.01 of this First Supplemental Indenture. (b) For purposes of the Capital Securities Indenture, “Event of Default” shall mean an “Enforcement Event” as defined in this First Supplemental Indenture, except that the term “Event of Default” as used in Article 8 of the Capital Securities Indenture shall mean “Winding-Up or Administration Event.”

Appears in 2 contracts

Samples: First Supplemental Indenture (Lloyds Banking Group PLC), First Supplemental Indenture (Lloyds Banking Group PLC)

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No Other Remedies and Other Terms. (a) Other than the limited remedies specified in this Article 4‎Article 5, and subject to paragraph (c‎(c) below, no remedy against the Company shall be available to the Trustee (acting on behalf of the Holders) and or to the Holders and Beneficial Owners, whether for the recovery of amounts owing in respect of such Additional Tier 1 Securities Contingent Capital Notes or under the Indenture, or in respect of any breach by the Company of any of the Company’s obligations under or in respect of the terms of such Additional Tier 1 Securities Contingent Capital Notes or under the Indenture in relation thereto; provided, however, that the Company’s obligations to the Trustee under, and the Trustee’s lien provided for in, Section 6.07 of the Capital Contingent Convertible Securities Indenture and the Trustee’s rights to have money collected applied first to pay amounts due to it under such Section pursuant to Section 5.06 of the Capital Contingent Convertible Securities Indenture shall not be limited or impaired by this Article 4 5 or otherwise and expressly survive any Enforcement Event and are not subject to the subordination provisions of Section 5.01 ‎Section 6.01 of this First Third Supplemental Indenture. (b) For purposes of the Capital Contingent Convertible Securities Indenture, “Event of Default” shall mean an “Enforcement Event” as defined in this First Third Supplemental Indenture, except that the term “Event of Default” as used in Article 8 of the Capital Contingent Convertible Securities Indenture shall mean “Winding-Up up or Administration Event” and as used in Article 5.08 of the Contingent Convertible Securities Indenture shall mean “Non-Payment Event”.

Appears in 1 contract

Samples: Third Supplemental Indenture (Royal Bank of Scotland Group PLC)

No Other Remedies and Other Terms. (a) Other than the limited remedies specified in this Article ‎Article 4, and subject to paragraph (c‎(c) below, no remedy against the Company shall be available to the Trustee (acting on behalf of the Holders) and to or the Holders and Beneficial Owners, whether for the recovery of amounts owing in respect of such Additional Tier 1 Securities or under the Indenture, or in respect of any breach by the Company of any of the Company’s obligations under or in respect of the terms of such Additional Tier 1 Securities or under the Indenture in relation thereto; provided, however, that the Company’s obligations to the Trustee under, and the Trustee’s lien provided for in, Section 6.07 of the Capital Securities Indenture and the Trustee’s rights to have money collected applied first to pay amounts due to it under such Section pursuant to Section 5.06 of the Capital Securities Indenture shall not be limited or impaired by this Article 4 or otherwise and expressly survive any Enforcement Event and are not subject to the subordination provisions of Section ‎Section 5.01 and the waiver of set-off provisions of ‎Section 5.02 of this First Fourth Supplemental Indenture. (b) For purposes of the Capital Securities Indenture, “Event of Default” shall mean an “Enforcement Event” as defined in this First Fourth Supplemental Indenture, except that the term “Event of Default” as used in Article 8 of the Capital Securities Indenture shall mean “Winding-Up up or Administration Event.”

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Lloyds Banking Group PLC)

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No Other Remedies and Other Terms. (a) Other than the limited remedies specified in this Article ‎Article 4, and subject to paragraph (c‎(c) below, no remedy against the Company shall be available to the Trustee (acting on behalf of the Holders) and to or the Holders and Beneficial Owners, whether for the recovery of amounts owing in respect of such Additional Tier 1 Securities or under the Indenture, or in respect of any breach by the Company of any of the Company’s obligations under or in respect of the terms of such Additional Tier 1 Securities or under the Indenture in relation thereto; provided, however, that the Company’s obligations to the Trustee under, and the Trustee’s lien provided for in, Section 6.07 of the Capital Securities Indenture and the Trustee’s rights to have money collected applied first to pay amounts due to it under such Section pursuant to Section 5.06 of the Capital Securities Indenture shall not be limited or impaired by this Article 4 or otherwise and expressly survive any Enforcement Event and are not subject to the subordination provisions of Section ‎Section 5.01 and the waiver of set-off provisions of ‎Section 5.02 of this First Third Supplemental Indenture. (b) For purposes of the Capital Securities Indenture, “Event of Default” shall mean an “Enforcement Event” as defined in this First Third Supplemental Indenture, except that the term “Event of Default” as used in Article 8 of the Capital Securities Indenture shall mean “Winding-Up up or Administration Event.”

Appears in 1 contract

Samples: Third Supplemental Indenture (Lloyds Banking Group PLC)

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