Examples of English Law Notes in a sentence
If neither the Issuer nor the Guarantor (pursuant to the terms of the Guarantee) has paid all amounts due to Noteholders within a period of 3 Collateral Business Days following the occurrence of a Secured Note Acceleration Event, Noteholders may send a notice in writing to the Security Trustee (in the case of English Law Notes) or the Security Agent (in the case of French Law Notes) requesting that the relevant Pledge Agreement be enforced in accordance with the terms of the Base Prospectus.
This means that neither the Security Trustee (in the case of English Law Notes) nor the Security Agent (in the case of French Law Notes) will have any ability to compel SG Issuer to enforce its rights (or to enforce such rights on behalf of SG Issuer) under any agreement against a counterparty to such agreement.
Definitive Notes that are English Law Notes will be in the standard euromarket form.
Tax Gross-Up:Condition 6(d) (No Gross-Up) of the Terms and Conditions of the English Law Notes not applicablePROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE23.
Where there is limited liquidity in the secondary market relating to Collateral Assets, the Security Trustee (in the case of English Law Notes) or the Security Agent (in the case of French Law Notes), or, in either case, the Disposal Agent on their behalf, may not be able to readily sell such Collateral Assets to a third party or may only be able to sell such Collateral Assets at a discounted value.
If neither the Issuer nor the Guarantor (pursuant to the terms of the Guarantee) has paid all amounts due to Noteholders within a period of 3 Business Days following the occurrence of a Secured Note Acceleration Event, Noteholders may send a notice in writing to the Security Trustee (in the case of English Law Notes) or the Security Agent (in the case of French Law Notes) requesting that the relevant Pledge Agreement be enforced in accordance with the terms of the Base Prospectus.
Where the Security Trustee (in the case of English Law Notes) or the Security Agent (in the case of French Law Notes), or, in either case, the Disposal Agent on their behalf, is unable to sell such Collateral Assets, the Security Trustee (in the case of English Law Notes) or the Security Agent (in the case of French Law Notes) will instead be required to deliver such Collateral Assets as if Physical Delivery of Collateral Assets were applicable in relation thereto.
Any early redemption of Subordinated Notes issued by Société Générale in accordance with Condition 7(b), (c) or (e) of the Terms and Conditions of the English Law Notes and the Uncertificated Notes or, as appropriate, Condition 6(b), (c) or (e) of the Terms and Conditions of the French Law Notes will be subject to the prior written approval of the Secrétariat général de la Commission bancaire in France.
The Notes, Warrants and Certificates which are being offered under this Offering Circular (including, in the case of English Law Notes, as issued under the Issue and Paying Agency Agreement and, in the case of Warrants and Certificates, as issued under the Securities Agency Agreement (in each case, as defined below)) shall be referred to collectively as "Program Securities" in this Offering Circular.
Taxation: All payments in respect of the Notes will be made without deduction for or on account of withholding taxes imposed by any Tax Jurisdiction, subject as provided in Condition 8 of the Terms and Conditions of the English Law Notes and the Uncertificated Notes and condition 7 of the Terms and Conditions of the French Law Notes ("Taxation").