Current Issuer definition
Examples of Current Issuer in a sentence
Notwithstanding Section 7, Party A hereby agrees and consents to the assignment by way of security by Party B of its interests under this Agreement (without prejudice to, and after giving effect to, any contractual netting provision contained in this Agreement) to the Note Trustee (or any successor thereto) pursuant to and in accordance with the Current Issuer Deed of Charge and acknowledges notice of such assignment.
The Current Issuer will treat the Notes as indebtedness for U.S. federal income tax purposes.
If any Swap Collateral Available Principal Amounts are received by the Current Issuer on a Payment Date, such Swap Collateral Available Principal Amounts shall be applied by the Current Issuer Cash Manager on that Payment Date in the same manner as it would have applied the receipts which such Swap Collateral Available Principal Amounts replace.
The Note Trustee shall not be responsible for exercising the rights of any of the parties under the Current Issuer Transaction Documents or considering the basis upon which the approvals or consents are granted by any of the parties under the Current Issuer Transaction Documents.
Terms not defined herein have the meaning ascribed to such terms in the Current Issuer Conditions.
The Current Issuer covenants with the Note Trustee that it will comply with and perform and observe all the provisions of these presents, the Current Issuer Notes (including the Current Issuer Conditions), the Current Issuer Deed of Charge, the Current Issuer Paying Agent and Agent Bank Agreement, and the documents executed pursuant thereto and the other Current Issuer Transaction Documents.
A person (who may, but need not be, a Noteholder) nominated in writing by the Note Trustee shall be entitled to take the chair at the relevant Meeting, but if no such nomination is made or if at any Meeting the person nominated shall not be present within 15 minutes after the time appointed for holding the Meeting the Noteholders present shall choose one of their number to be Chairman, failing which the Current Issuer may appoint a Chairman.
Payments of principal, premium (if any) and interest in respect of Notes represented by this Individual Note Certificate will be made in accordance with the Current Issuer Conditions.
Any appointment of a new Note Trustee and any retirement of an existing Note Trustee hereof shall as soon as practicable thereafter be notified by the Current Issuer to the Noteholders.
Any notation on the Register to reflect the amount of any increase or decrease in the Principal Amount Outstanding of the Current Issuer Notes represented by a Global Note Certificate shall be made by or on behalf of the Registrar in accordance with such Global Note Certificate and the Current Issuer Paying Agent and Agent Bank Agreement.