Class S VFN definition

Class S VFN has the same meaning as in the Trust Deed;

Class S VFN means the £85,000,000 Class S variable funding note due December 2055, constituted by the Trust Deed or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof;

Class S VFN and "Notes" have the same meaning as indicated in the Deed of Charge (as defined below).

Examples of Class S VFN in a sentence

• No certificate evidencing entitlement to the Class S VFN will be issued.

• The Class S VFN Drawdown Ledger will be credited to the Transaction Account.

• No transfer of a Note (other than the Class S VFN) will be valid unless and until entered on the Register.

• Each Note (other than the Class S VFN) shall be dated the date of its authentication.

• Notes (other than the Class S VFN) will be represented by one or more permanent global notes in fully registered form without interest coupons (each such global note in relation to a class of those Notes being a "Global Note").

• In the case of Definitive Notes, upon any payment under clause 8.2 of the Deed of Charge (other than payment in full against surrender of a Definitive Note), the Trustee shall cause the Registrar and/or the Class S VFN Registrar to make appropriate annotations in the Register or the Class S VFN Register (as applicable).

• The Class S VFN has a minimum denomination of £100,000 and may be issued and redeemed in integral multiples of £1.

• The Class S VFN Drawdown Ledger will be funded in accordance with Clause 6.14.2.

• No transfer or assignment of the Class S VFN otherwise permitted hereunder shall be effective unless and until it has been duly recorded in the Class S VFN Register as provided in Clause 3.10(f) above.

• The Issuer will cause to be kept at the Specified Office of Citibank, N.A., London Branch as registrar (the "Registrar" which expression shall include its successors as registrar under the Agency Agreement) a register (the "Register") on which shall be entered the names and addresses of the holders of the Notes (other than the Class S VFN) and the particulars of such Notes held by them and all transfers and redemptions of such Notes.

More Definitions of Class S VFN

Class S VFN means the £4,175,242 Class S variable funding note due 2047, hereby constituted or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof;

Class S VFN has the same meaning as in the Trust Deed;‌‌‌‌‌‌

Class S VFN means the £7,952,955 Class S variable funding note due 2050, hereby constituted or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof;

Class S VFN means the £9,477,658 Class S variable funding note due 2045, hereby constituted or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof;