Examples of Charging Group Member in a sentence
For so long as any of the Notes remains outstanding (as defined in the Note Trust Deed), the Issuer covenants to comply with, and to procure that each Charging Group Member complies with, its various undertakings set out in the Note Trust Deed and the Security Documents including, but not limited to, undertakings as to the maintenance of the Charged Properties.
The Issuer or any other member of the Group (including, without limitation, any Charging Group Member) may at any time purchase Bonds (provided that all unmatured Coupons appertaining to the Bonds are purchased with the Bonds) in any manner and at any price.
The Issuer also covenants, and each Charging Group Member will covenant in the Note Trust Deed, that it shall not, save as expressly permitted by the Note Trust Deed and/or the Security Documents, sell, transfer, grant or lease or otherwise dispose of all or any part of, or any interest in, the Series Charged Property without the prior written consent of the Note Trustee or the Security Trustee, as applicable, or as permitted under the Conditions, the Note Trust Deed and/or the Security Documents.
The Issuer covenants to comply with, and to procure that each Charging Group Member complies with, its various undertakings set out in the Bond Trust Deed and the Security Documents including, but not limited to, undertakings as to the maintenance of the Charged Properties.
The Issuer shall act in good faith in addressing any questions regarding the financial position of it and of each Charging Group Member raised at any such meeting, provided, however, that the Issuer shall not be obliged to disclose any information which it, in its absolute discretion, considers to be of a confidential nature.
On 29 November 2017, Messrs UHY presented to the AC the Audit Review Memorandum for the financial year ended 30 September 2017, outlining the major audit findings arising from the interim and final audits and the response from the Management.
Each Charging Group Member will be required to covenant (pursuant to the Bond Trust Deed) that it will provide all reasonable assistance to the Issuer for the preparation and delivery to the Bond Trustee of such Full Valuations and Desk Top Valuations.
The Issuer covenants, and each Charging Group Member will covenant in the Bond Trust Deed, in each case for so long as any of the Bonds remain outstanding, save as expressly permitted by the Bond Trust Deed and/or the Security Documents, not to create or permit to subsist, over any of the Security Assets, any mortgage or charge or any other security interest ranking in priority to, or pari passu with, the Security, excluding, for this purpose any security interest created by operation of law.
The Issuer also covenants, and each Charging Group Member will covenant in the Bond Trust Deed, that it shall not, save as expressly permitted by the Bond Trust Deed and/or the Security Documents, sell, transfer, grant or lease or otherwise dispose of all or any part of the Security Assets without the prior written consent of the Bond Trustee or the Security Trustee, as applicable, or as permitted under these Conditions, the Bond Trust Deed and/or the Security Documents.
In the case of a Charging Group Member which is a company limited by guarantee, the relevant Security Agreement will also contain a floating charge granted by such Charging Group Member over the whole of its undertaking and assets, present and future, which may be crystallised by the Security Trustee, at any time before the appointment of an administrator to such Charging Group Member, if an Enforcement Event occurs and is continuing unremedied or unwaived.