Trustee for Noteholders only. In acting under the Trust Deed, the Trustee must consider Noteholders’ interests only and not those of any other Secured Party. In the circumstances set out in Base Condition 11.2(a)(ii), however, Secured Parties may direct the Trustee to enforce the Security.
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Samples: Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme
Trustee for Noteholders only. In acting under the Trust Deed, the Trustee must consider Noteholders’ interests only and not those of any other Secured Party. In the circumstances set out in Base Condition 11.2(a)(ii), however, Secured Parties may direct the Trustee to enforce the Security.
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