Class Z Notes definition

Class Z Notes means, the £8,753,000 Class Z mortgage backed floating rate notes due July 2043, constituted by the Trust Deed or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof and includes the Class Z Global Note of each class (or any part thereof) and the Definitive Class Z Notes of each class (or any of them);

Class Z Notes has the same meaning in the Trust Deed; "Class Z Noteholders" has the same meaning in the Trust Deed;

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

Examples of Class Z Notes in a sentence

• A Class Z Noteholder may waive, defer payment or designate for reinvestment its portion of a payment in respect of Class Z Notes.

• Subject thereto, for so long as any Class Z Notes are outstanding, the Note Trustee in its absolute discretion may (and if so requested in writing by the Holders of not less than 25 per cent.

• Subject thereto, for so long as any Class Z Notes are outstanding, the Note Trustee in its absolute discretion may, and if so requested in writing by the Holders of not less than 25 per cent.

• Following the service of an Enforcement Notice, the Class X Notes rank pro rata and pari passu without preference or priority among themselves in relation to payment of interest and principal at all times, but subordinate to all payments due in respect of the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes, the Class Z Notes and to the Class Y Payments, as provided in the Conditions and the Transaction Documents.

• The Class Z Notes rank pro rata and pari passu without preference or priority among themselves in relation to payment of interest and principal at all times, but subordinate to all payments due in respect of the Rated Notes and the Class R Notes, as provided in the Conditions and the Transaction Documents.

More Definitions of Class Z Notes

Class Z Notes means, the £18,031,000 Class Z mortgage backed floating rate notes due December 2047, hereby constituted or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof and includes the Global Class Z Note of each class (or any part thereof) and the Definitive Class Z Notes of each class (or any of them).

Class Z Notes has the meaning given to it in the Trust Deed; "Clearing Systems" has the meaning given to it Condition 1(b);

Class Z Notes means the £60,967,000 Class Z mortgage backed fixed rate notes due on the Final Maturity Date;

Class Z Notes has the same meaning in the Trust Deed; "Class Z Noteholders" has the same meaning in the Trust Deed; "Closing Date" means 1 November 2023;

Class Z Notes means the Issuer's £146,800,000 Mortgage Backed Floating Rate Notes due 2049.

Class Z Notes means the Issuer's £85,400,000 Mortgage Backed Floating Rate Notes due 2047.

Class Z Notes means the €474,154,000 Class Z Residential Mortgage Backed Fixed Rate Notes due 2066 issued or due to be issued by the Issuer on the Closing Date or, as the case may be, a specific number thereof, whether represented by Notes in definitive or global form;