Examples of Other Secured Parties in a sentence
Fiduciary for Holders Only; Agent for Other Secured Parties 113 Section 6 16.
The Trustee shall, as soon as practicable, notify the Issuer, the Noteholders and Other Secured Parties upon such borrowing being made.
Whenever it considers it expedient in the interests of the Noteholders or Other Secured Parties, the Trustee may, in the conduct of its trust business, instead of acting personally, employ and pay an agent selected by it, whether or not a lawyer or other professional person, to transact or conduct, or concur in transacting or conducting, any business and to do or concur in doing all acts required to be done by the Trustee (including the receipt and payment of money).
Whenever it considers it expedient in the interests of the Noteholders or Other Secured Parties, the Trustee may delegate to any person on any terms (including power to sub delegate) all or any of its functions.
None of the Other Secured Parties, the Noteholders, Coupons, Receipts or Talons shall be entitled to proceed directly against the Issuer unless the Trustee, having become bound to proceed in accordance with the terms of this Principal Trust Deed, fails or neglects to do so.
The claim (or the potential claim) of the holders of the Notes or Coupons shall be the amount of the principal and interest in respect of the Notes accrued to the Calculation Date.The Trustee will divide each category of the Charged Property as nearly as practicable in the respective proportions of the claims (or potential claims) of the Other Secured Parties and the holders of the Notes or Coupons.
Representative for Holders Only; Agent for Other Secured Parties 145140 Section 6.16.
Among other things, the Cash Manager will be required to determine and record all Receipts, to determine the amounts of any losses suffered in respect of the Portfolio (based entirely on information received from the Servicer), to determine the amounts of any deficiencies relating to the Notes, and to arrange for the making of payments to the Noteholders, the Other Secured Parties and to certain other third parties in accordance with the Priority of Payments.
Effect of Secured Party’s Notice on Other Secured Parties on the NoticeAn amendment, continuation statement, or termination statement authorised by one secured party on the notice does not affect the rights of another secured party on the notice.
The Noteholders will have the power (exercisable by an Extraordinary Resolution of each Class of Notes) or, if none of the Notes remains outstanding, all of the Other Secured Parties will have the power to remove any trustee or trustees for the time being under the Trust Deed.