Examples of Drawdown Deed in a sentence
Any Fungible Notes will be constituted and secured by a further Drawdown Deed and such further security will be consolidated with the existing Secured Property so that such consolidated Secured Property secures both such existing Notes and the Fungible Notes, even if this means that new security is given over the Secured Property for the existing Notes (as well as for the Fungible Notes).
Party A and Party B agree that any payment or delivery obligations which Party A has to Party B pursuant to this Annex may be extinguished by Party A making such payment or delivery to the Custodian (as defined in the Drawdown Deed) who shall take receipt thereof on Party B’s behalf.
Notwithstanding anything to the contrary in this Annex references in this Agreement to “all Swap Transactions”, “all Transactions” and “all Affected Transactions” means only the Transactions relating to the Notes (as defined in the Drawdown Deed) (the “Relevant Transactions”).
The Issuer has irrevocably appointed the Process Agent specified in the relevant Drawdown Deed as its agent in England to receive, for it and on its behalf, service of process in any Proceedings in England.
In respect of any Series, the Issuer may have entered into, or may enter into, one or more “title transfer collateral arrangements” (as defined in Article 2(1) of Directive 2002/47/EC) (each such arrangement, a “Title Transfer Arrangement”) with a counterparty (each such counterparty, a “Title Transfer Counterparty”) as specified in the Drawdown Deed in respect of such Series.
Party A and Party B agree that any payment or delivery obligations which Party A has to Party B pursuant to this Annex may be extinguished by Party A making such payment or delivery to the Custodian (as defined in the Drawdown Deed) who shall take receipt thereof on Party B’s behalf.(iv) Transactions.
Notwithstanding anything to the contrary in this Annex references in this Agreement to “all Swap Transactions” “all Transactions” and “all Affected Transactions” means only the Transactions (the “Relevant Transactions”) relating to the Notes (as defined in the Drawdown Deed).
In the absence of wilful default, negligence or fraud, no liability shall attach to the Issuer or any Transaction Counterparty for any determination of the Calculation Agent or modification to the Conditions, the Drawdown Deed or any Transaction Agreement so made in accordance with this Base Condition 5.10.
The Noteholders’ right to be paid amounts due under the Notes will be subordinated to prior ranking claims in the manner specified in the Drawdown Deed.
In the absence of wilful default, negligence or fraud, no liability shall attach to the Issuer or any Transaction Counterparty for any determination of the Calculation Agentor modification to the Conditions, the Drawdown Deed or any Transaction Agreement so made in accordance with this Base Condition 5.10.