Common use of Trustee to Act Clause in Contracts

Trustee to Act. Only the Trustee may pursue the remedies available under the Trust Deed and the Notes. Noteholders may not proceed against the Issuer unless the Trustee, having become so bound, fails to do so, and such failure is continuing.

Appears in 5 contracts

Samples: Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme

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Trustee to Act. Only the Trustee may pursue the remedies available under the Trust Deed and the Notes. Noteholders may not proceed against the Issuer or the Guarantor unless the Trustee, having become so bound, fails to do so, and such failure is continuing.

Appears in 1 contract

Samples: Base Prospectus

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