Common use of Trustee for Noteholders only Clause in Contracts

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.

Appears in 4 contracts

Samples: www.ise.ie, ise-prodnr-eu-west-1-data-integration.s3-eu-west-1.amazonaws.com, www.ise.ie

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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.

Appears in 1 contract

Samples: ise-prodnr-eu-west-1-data-integration.s3-eu-west-1.amazonaws.com

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