Note Event of Default. The Issuer Security will become immediately enforceable upon the service of a Note Acceleration Notice or, if there are no Notes outstanding, upon failure by the Issuer to pay any other Issuer Secured Obligation on its due date (subject to any applicable grace period).
Appears in 3 contracts
Samples: Supplemental Issuer Deed of Charge, Supplemental Issuer Deed of Charge, Supplemental Issuer Deed of Charge
Note Event of Default. The Issuer Security will become immediately enforceable upon the service occurrence of a Note Acceleration Notice Event of Default or, if there are no Notes outstanding, upon failure by the Issuer to pay any other Issuer Secured Obligation Liability on its due date (subject to any applicable grace period).
Appears in 1 contract
Samples: Issuer Deed of Charge (Permanent Funding (No. 2) LTD)
