Residual Certificates Conditions definition

Residual Certificates Conditions means the terms and conditions of the Residual Certificates set out in Schedule 6 (Terms and Conditions of the Residual Certificates) to the Trust Deed, as any of the same may from time to time be amended, varied or restated in accordance with the provisions of the Trust Deed and any reference to a numbered Residual Certificates Condition shall be construed accordingly;

Residual Certificates Conditions means the conditions applicable to each class of the Residual Certificates in the form set out in Schedule 6 (Terms and Conditions of the Residual Certificates) (but, so long as the Residual Certificates of a particular class are represented by the Global Residual Certificates of that class, with the deletion therefrom of those provisions which are applicable only to the Definitive Notes of that class), as the same may from time to time be modified in accordance with this Trust Deed and any reference in this Trust Deed to a particular numbered Residual Certificates Condition shall be construed accordingly.

Examples of Residual Certificates Conditions in a sentence

• There is no guarantee that any changes made to the Transaction Documents, the Conditions and/or the Residual Certificates Conditions pursuant to the obligations imposed on the Note Trustee and the Security Trustee, as described above, would not be prejudicial to the Noteholders or Certificateholders.

• A system of progressive and corrective discipline shall be applied fairly to all teachers employed by the Board.

• The Conditions and the Residual Certificates Conditions contain provisions for calling meetings of Noteholders and Certificateholders to consider matters affecting their interests generally.

• The Conditions and Residual Certificates Conditions also specify that certain categories of amendments (including changes to majorities required to pass resolutions or quorum requirements) would be classified as Basic Terms Modifications.

• The Conditions shall be binding on the Issuer, the Trustee and the Noteholders and the Residual Certificates Conditions shall be binding on the Issuer, the Trustee and the Certificateholders.

• In carrying out its functions each of the Registrar and the Class S VFN Registrar shall act in accordance with the terms of this Agreement, the Regulations, the Conditions, the Residual Certificates Conditions and the Trust Deed.

• The Registrar shall authenticate and deliver, or cause its designated agent to authenticate and deliver, any Definitive Note and/or Definitive Residual Certificate issued upon a transfer in accordance with this Agreement, the Conditions and the Residual Certificates Conditions.

• The Principal Paying Agent shall on demand promptly reimburse the other Paying Agents (if any) for payments of principal and interest properly made by them in accordance with the Conditions, the Residual Certificates Conditions and this Agreement.

• The Registrar shall, upon and in accordance with the instructions of the Issuer and the Trustee, arrange for the publication and delivery in accordance with the Conditions and the Residual Certificates Conditions of any notice which is to be given to the Noteholders and the Residual Certificateholders and shall promptly supply two copies thereof to the Trustee, the other Agents, the London Stock Exchange or other stock exchange on which the Notes are then listed, (if any) and any Clearing System.

• Meetings of Noteholders The Conditions and the Residual Certificates Conditions contain provisions for calling meetings of Noteholders and/or the Residual Certificateholders to consider matters affecting their interests generally, or to pass resolutions in writing or through the use of electronic consents.