Examples of Note Issue in a sentence
Each expression used in this Note Issue Direction that is not defined has the same meaning as in the Trust Deed.
The Trustee shall be entitled to pay from each Trust from which any person is a Lead Manager or Note Manager fees (if any) to that person in the amount and at the times set out in the corresponding Note Issue Direction or Subscription Agreement.
The Manager may (and where the Trustee has acknowledged the Note Issue Direction in accordance with clause 6.6(b), with the consent of the Trustee), prior to a proposed Note Issue Date amend a previously issued Note Issue Direction or Supplementary Terms Notice (including any Note Issue Direction or Supplementary Terms Notice previously amended under this clause).
If insufficient moneys are raised on a proposed Note Issue Date to satisfy clause 6.7(b), neither the Trustee nor the Manager shall have any obligation or liability to any person (including each other, any intending Noteholder or any Beneficiary) to issue the Notes or, in the case of a proposed issue in relation to a Trust, to hold the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction for the Trust, or otherwise.
Dated: For and on behalf of Crusade Management Limited ------------------------------------------------- Authorised signatory RECEIPT We acknowledge receipt of the above Note Issue Direction.
Subject to the Transaction Documents, the Trustee shall following a Note Issue Date for a Trust execute such documentation and do all such other acts, matters or things as the Manager reasonably requires to transfer the benefit of the Portfolio of Receivables referred to in the corresponding Note Issue Direction (and the benefit of all corresponding Loans, Related Securities, Receivable Rights and Support Facilities) to the Trust.
The terms of the Supplementary Terms Notice for the proposed Notes [each Class of the proposed Notes] are contained [in the attached duly completed Supplementary Terms Notice/in the Supplementary Terms Notice attached to the Note Issue Direction dated [*]].
Subject to this clause 6, the Trustee must comply with a Note Issue Direction.
Each Note is issued on the condition that each Noteholder holding that Note (and any person claiming through or under that Noteholder) is taken, by the Noteholder becoming the holder of that Note, to have notice of, and to be bound by, this document, the relevant Conditions and the relevant Note Issue Supplement.
The Trust Manager must not give a Note Issue Direction under clause 5.1 unless it has received written confirmation from the Designated Rating Agency that the issue of the RFSs would not result in a downgrading or withdrawal of a rating of any Note then outstanding.