Note Enforcement Notice definition

Note Enforcement Notice. The Note Trustee serves a Note Enforcement Notice on Party B (in which case Party B shall be the Defaulting Party)." The following shall constitute an Additional Termination Event: "Redemption and Prepayment of the Current Issuer Notes. The Current Issuer serves a notice of redemption pursuant to Condition 5(F) of the terms and conditions of the Current Issuer Notes (in which case Party B shall be the sole Affected Party and all Transactions shall be Affected Transactions)."

Note Enforcement Notice means, in relation to the First Issuer, the First Issuer Note Enforcement Notice and in relation to any New Issuer, a notice issued by the Note Trustee to such Issuer and the Security Trustee declaring the Notes issued by such Issuer or any class of such Notes to be due and repayable pursuant to Conditions of such New Notes;

Note Enforcement Notice means any or all of a Class A Note Enforcement Notice, a Class B Note Enforcement Notice, a Class M Note Enforcement Notice and a Class C Note Enforcement Notice;

Examples of Note Enforcement Notice in a sentence

• The Master Issuer Security Trustee will notify Party A promptly following it giving or receiving any notice (including any Note Enforcement Notice) in connection with any redemption, purchase and cancellation of all of the Relevant Notes by the Issuer.

• In administering the Current Issuer Transaction Accounts on behalf of the Current Issuer and the Note Trustee, the Current Issuer Cash Manager shall comply with the provisions of Schedule 2 prior to receipt by the Current Issuer Cash Manager of a copy of any Current Issuer Note Enforcement Notice served on the Current Issuer.

• Following service of a Current Issuer Note Enforcement Notice, the Note Trustee or any Receiver appointed by the Note Trustee will administer the Current Issuer Transaction Accounts in accordance with the terms of the Current Issuer Deed of Charge.

• Clause 2.1(c) is amended by the deletion of the words “a Potential Event of Default” in respect of obligations of Party A only insofar as such Potential Event of Default relates to the potential service by the Master Issuer Security Trustee on Party B of a Note Enforcement Notice pursuant to Condition 9 of the Terms and Conditions.

• Clause 3(b) is amended by the deletion of the words “or Potential Event of Default” in respect of obligations of Party B only insofar as such Potential Event of Default relates to the potential service by the Master Issuer Security Trustee on Party B of a Note Enforcement Notice pursuant to Condition 9 of the Terms and Conditions.

More Definitions of Note Enforcement Notice

Note Enforcement Notice. The Security Trustee serves a Class C Issuer Note Enforcement Notice, as defined in Condition 9 of the Offered Issuer Notes, on Party B (in which case Party B shall be the Defaulting Party)."

Note Enforcement Notice means, in relation to the Current Issuer, the Current Issuer Note Enforcement Notice and in relation to any other Issuer, a notice issued by the Note Trustee to such Issuer and the Security Trustee on the occurrence of a Note Event of Default, declaring the Notes issued by that Issuer or any class of such Notes to be due and repayable pursuant to the Conditions of such Notes;

Note Enforcement Notice. The Note Trustee serves a Note Enforcement Notice on Party B."

Note Enforcement Notice means a notice delivered by the Trustee to the Issuer in accordance with Condition 11 (Note Events of Default) which declares the Notes to be immediately due and payable;

Note Enforcement Notice. ’ means any or all of a Class A Note Enforcement Notice, a Class B Note Enforcement Notice and a Class C Note Enforcement Notice;

Note Enforcement Notice means the notice delivered by the Note Trustee upon the written request of the Controlling Beneficiary in accordance with Note Condition 8 upon the occurrence of a Note Event of Default.

Note Enforcement Notice means, in relation to any Funding Issuer, a notice issued by the Notes Trustee to such Funding Issuer and the Security Trustee declaring the Notes issued by such Funding Issuer or any class of such Notes to be due and repayable pursuant to the Conditions of such New Notes;