Note Issuance Facility Deed definition

Note Issuance Facility Deed means the note issuance facility deed dated as of November 14, 2008 between Flume No. 8 SPE, ResCap and the Flume No. 8 Security Trustee, as the same may be amended, supplemented, restated or otherwise modified from time to time.

Note Issuance Facility Deed means the note issuance facility deed made on or about June 4, 2008 between, among others, Residential Capital, LLC and the UK SPE.

Note Issuance Facility Deed means the note issuance facility deed for notes with a discounted value aggregating to £[●] dated [●] 2008 between, among others, the SPE and the Note Purchaser.

Examples of Note Issuance Facility Deed in a sentence

• Flume (No. 8) Limited All Flume No. 8 Notes, including, without limitation, that certain Secured Zero Coupon Discount Note of Flume (No. 8) Limited constituted by and issued pursuant to the Note Issuance Facility Deed dated as of November 14, 2008, and made between Flume (No. 8) Limited, Residential Capital, LLC and Deutsche Trustee Company Limited.

• The Noteholder (as defined below) is bound by, and are deemed to have notice of, all the provisions of the Note Issuance Facility Deed applicable to it.

• These terms and conditions (the “Conditions”) are, in certain provisions, summaries of the Note Issuance Facility Deed and subject to its detailed terms and, in the event of any inconsistency between the Conditions and the Note Issuance Facility Deed, the terms of the Note Issuance Facility Deed shall prevail.

• Unless otherwise defined herein, terms and expressions used herein have the meanings ascribed to them in the Note Issuance Facility Deed and the Master Definitions Schedule executed by, inter alios, each of the parties to the Note Issuance Facility Deed on or about 2 June 2008 (as it may be amended, varied or supplemented from time to time with the consent of the parties to it).

• The Company minimised liquidity risk by matching the cash inflows from the Loans and receivables and the cash outflows for liabilities by incorporating terms of payments in the Loan Note Issuance Facility Deed such as including limited recourse provisions.

• By: …………………………………………… …………………………………………… Authorised Attorney In the presence of ISSUED as [of Note Issue Date] The secured zero coupon discount note (the “Note”) of Viaduct (No.7) Limited (the “SPE”) is constituted by the Note Issuance Facility Deed (the “Note Issuance Facility Deed”) dated on or about 2 June 2008 and made between the SPE, the Note Purchaser and the Security Trustee.

• Subject to Conditions 7.2 (Priority of Payments Prior to Enforcement) and 7.3 (Priority of Payments Post Enforcement), the SPE will be required to redeem the Note due to (a) illegality as set forth in Clause 7.1 (Mandatory redemption – illegality) of the Note Issuance Facility Deed or (b) repurchase of the Loans and their Related Security as set forth in Clause 7.2 (Mandatory redemption – Repurchase of Loans and disposals).

• Assigned Documents means the Note Issuance Facility Deed, the Deed of Charge, the UK Note and any other Transaction Document (as defined in the Master Definitions Schedule dated as of June 4, 2008 relating to the Warehouse Facility of English Sellers) which the Company is a party.

• This Note is issued subject to, and with the benefit of, the attached terms and conditions (the “Conditions”) set forth in Schedule 7 (Terms and Conditions of the Note) to the Note Issuance Facility Deed, which are incorporated by reference herein.

• Upon notice from any of the U.S. Collateral Agents to the Parties to the effect that the Security Interests constituted by any of the U.S. Security Documents have become enforceable, the relevant U.S. Collateral Agent(s) shall be entitled to exercise the rights and remedies of the Note Purchaser under the Note Issuance Facility Deed and the Deed of Charge and in respect of the Note and the Security held by the Note Purchaser.

More Definitions of Note Issuance Facility Deed

Note Issuance Facility Deed means the note issuance facility deed made on or about the date hereof between, amongst others, Residential Capital, LLC and the UK SPE. Obligations means obligations, indebtedness, fees, expenses (including, without limitation, attorneys’ fees and expenses) and liabilities of the ResCap Hedge Counterparty or of any other Grantor now existing or hereafter arising under or in connection with any Hedge Document, whether monetary or otherwise, matured or unmatured, direct, indirect, related, unrelated, fixed, contingent, liquidated unliquidated, joint, several, or joint and several, including all interest accruing thereon (including any interest that accrues after the commencement of any proceeding by or against any Grantor under any bankruptcy, insolvency, liquidation, moratorium, receivership, reorganization or other debtor relief law) and all attorneys’ fees and other expenses incurred in the collection or enforcement thereof.

Note Issuance Facility Deed means the note issuance facility deed dated June 4, 2008 between, amongst others, Residential Capital, LLC and the UK SPE, as amended, amended and restated, supplemented or modified from time to time. Obligations means obligations, indebtedness, fees, expenses (including, without limitation, attorneys' fees and expenses) and liabilities of the ResCap Hedge Counterparty or of any other Grantor now existing or hereafter arising under or in connection with any Hedge Document, whether monetary or otherwise, matured or unmatured, direct, indirect, related, unrelated, fixed, contingent, liquidated unliquidated, joint, several, or joint and several, including all interest accruing thereon (including any interest that accrues after the commencement of any proceeding by or against any Grantor under any bankruptcy, insolvency, liquidation, moratorium, receivership, reorganization or other debtor relief law) and all attorneys' fees and other expenses incurred in the collection or enforcement thereof.