Examples of Other Issuer Creditors in a sentence
Each Series of Covered Bonds is the subject of a guarantee dated 11 July 2013 (the "Covered Bond Guarantee") entered into by the Guarantor for the purpose of guaranteeing the payments due from the Issuer in respect of the Covered Bonds of all Series issued under the Programme and to the Other Issuer Creditors.
On or about the Issue Date, the Issuer and the Other Issuer Creditors entered into the Intercreditor Agreement.
Each Series of Covered Bonds is the subject of a guarantee dated 2 April 2012, as amended and supplemented from time to time (the "Covered Bond Guarantee") entered into by the Guarantor for the purpose of guaranteeing the payments due from the Issuer in respect of the Covered Bonds of all Series issued under the Programme and to the Other Issuer Creditors.
The obligations owed by the Issuer to the Noteholders and, in general, to the Other Issuer Creditors are limited recourse obligations of the Issuer.
After the Notes have become due and payable following the delivery of a Trigger Notice, the only remedy available to the Noteholders and the Other Issuer Creditors is the exercise by the Representative of Noteholders of the Issuer's Rights under the Transaction Documents.