Loan Note Issuer definition
Examples of Loan Note Issuer in a sentence
No Secured Creditor of such Series is entitled to proceed directly against the Loan Note Issuer or any assets of the Loan Note Issuer unless the Security Trustee, having become bound to proceed in accordance with the terms of the Trust Deed, any Loan Note Supplement, any Supplementary Security Document executed in relation to the Loan Notes or the Conditions, fails or neglects to do so within a reasonable period and such failure or neglect is continuing.
The Loan Note Issuer has, in the Trust Deed, irrevocably agreed for the benefit of the Secured Creditors that the courts of England shall have jurisdiction to hear and determine any suit, action or proceedings, and to settle any disputes, which may arise out of or in connection with the Loan Notes (respectively, "PROCEEDINGS" and "DISPUTES") and, for such purposes, irrevocably submits to the jurisdiction of such courts.
Notwithstanding the generality of the foregoing, each Secured Creditor shall be solely responsible for making its own independent appraisal of and investigation into the financial condition, creditworthiness, condition, affairs, status and nature of the Loan Note Issuer and the Security Trustee shall not at any time have any responsibility for the same and each Secured Creditor shall not rely on the Security Trustee in respect thereof.
The Security Trustee shall be entitled to rely absolutely on a certificate of a director of the Loan Note Issuer in relation to any matter relating to such restrictions and to accept without liability any such certificate as sufficient evidence of the relevant fact or matter in question.
The Loan Note Issuer reserves the right at any time with the consent of the Security Trustee to vary or terminate the appointment of the Registrar and to appoint another Registrar outside the United Kingdom.
The provisions of Section 311 of the TIA shall apply to the Loan Note Issuer as the obligor of the Loan Notes.
The Loan Note Issuer hereby makes the covenants set out in Loan Note Condition 4 (Restrictions).
The Security Trustee shall not be responsible for the application of the proceeds of the issue of any of the Loan Notes by the Loan Note Issuer.
Enforcement Payments) of the supplemental provisions to clause 8 (Loan Note Issuer Bank Accounts and Application of Monies) of the Security Trust Deed and Cash Management Agreement (as set out in Schedule 2 (Addition to Clause 8 of the Security Trust Deed and Cash Management Agreement)).
Every such instrument shall be filed with the Security Trustee and a copy thereof given to the Loan Note Issuer and the Servicer.