Drawdown Deed definition
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).
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 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.
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.
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 0.