Examples of Prioritised Tranches in a sentence
The Supplemental Trust Deed will contain certain provisions relating to meetings, modification, waiver and substitution for Prioritised Tranches.
The Securities rank and will rank, unless otherwise specified in the Issue Terms, pari passu without any preference among themselves (except in case of the Prioritised Tranches which will rank pari passu and without preference only among Securities of the same Prioritised Tranche).
Support infant and adult vaccination programme including COVID-19 vaccination.
The relevant Issuer shall give notice to the Trustee, holders of Securities comprising Prioritised Tranches which are subordinated to any other Prioritised Tranche of the same Series and, if the Securities are rated, the relevant Rating Agency(ies) promptly on redemption (or purchase and cancellation) of all Securities comprised within any such Prioritised Tranche.
In the case of Prioritised Tranches of Notes, details of the relationship of the Notes with other Tranches of Notes of the same Series will be set out in full in the Applicable Supplement.
In the case of Prioritised Tranches of Notes, details of the Notes’ relationship with other Tranches of Notes of the same Series will be set out in full in the Issue Memorandum.
In case of a Series of Securities consisting of Prioritised Tranches, prior to the security granted in respect of such Series becoming enforceable, amounts received by the relevant Issuer in connection with the Charged Assets and/or any Charged Agreements or otherwise shall be distributed amongst the holders of each Prioritised Tranche in the order of priorities set out in the relevant Issue Terms.
The Applicable Transaction Terms and the Supplemental Trust Deed relating to any Series of Notes which contains Prioritised Tranches shall specify whether the Trustee is to have regard to the interests or directions of the Holders of one Tranche of Notes over the interests of another Tranche of Notes of the same Series in the event of any conflict of interest.
PowersIn the case of a Series of Notes consisting of Prioritised Tranches, separate meetings of the holders of each Tranche shall be convened and held.
In the case of a Series of Securities containing Prioritised Tranches, the relevant Issue Terms will state which Prioritised Tranche is most senior.