Principal Trust Deed definition

Principal Trust Deed means the principal trust deed 17 April 2013 between the Lender and the Trustee, as it may be amended or supplemented from time to time.

Principal Trust Deed means the principal trust deed (i) originally entered into by the Issuer and others by execution of the Original Programme Deed and amended by the Programme Deed and(ii) entered into for this Series by, among others, the Managers’ Trustee and the Enforcement Agent by execution of the Issue Deed.

Principal Trust Deed means the amended and restated principal trust deed dated 23 September 2011 between the Lender and the Trustee, as it may be further amended or supplemented from time to time.

Examples of Principal Trust Deed in a sentence

• Upon a determination by the Trustee (or any receiver, agent or other person so appointed) that an Excess Assets Event has occurred, it shall notify the Holders of Securities, the Other Creditors or the Obligees (as defined in the Principal Trust Deed), as the case may be, in accordance with Clause 6.6 (Excess Assets Direction) of the Principal Trust Deed.

• The Transaction Security over the Mortgaged Property shall become enforceable (i) if there is an Event of Default pursuant to Condition 11(a) (Events of Default); or (ii) as otherwise provided in Clause 5.5 (Enforcement of Transaction Security) of the Principal Trust Deed.

• Where an Excess Assets Direction is delivered, Clause 6.5 (Division of Transaction Security) of the Principal Trust Deed shall not apply.

• The Issuer hereby confirms that unless it or, following a Relevant Event (as defined in the Principal Trust Deed), the Trustee notifies the Principal Paying Agent to the contrary, the Principal Paying Agent is authorised to release from the relevant Account as and when necessary such funds as shall satisfy the Issuer’s payment obligations to the Noteholders of each Series under the Conditions.

• For the avoidance of doubt, nothing in an Excess Assets Direction shall modify the manner in which the Trustee is required to apply monies received by it in connection with the realisation or enforcement of the Transaction Security pursuant to Clause 6.2 (Post-Enforcement) of the Principal Trust Deed.

More Definitions of Principal Trust Deed

Principal Trust Deed means the principal trust deed dated the Programme Date in relation to the Classic Programme.

Principal Trust Deed means the principal trust deed originally entered into by the Issuer, BNY Mellon Corporate Trustee Services Limited and others by execution of the Original Programme Deed.

Principal Trust Deed means the amended and restated principal trust deed dated 19 February 2013 between the Lender and Trustee in relation to the Programme as amended, varied or supplemented from time to time;

Principal Trust Deed means the principal trust deed originally dated on or about 22 March 2011 entered into as a deed by the Issuer, the Trustee and any other parties thereto as amended on 11 June 2020 and as further amended, supplemented, novated or replaced from time to time.

Principal Trust Deed means the Trust Deed constituting the Original Notes;

Principal Trust Deed means the principal trust deed entered into by the Issuer, Deutsche Trustee Company Limited and others by execution of the Programme Deed.

Principal Trust Deed means the principal trust deed entered into by, inter alios, the Issuer and the Trustee by execution of the Programme Deed.