Second Issuer definition
Examples of Second Issuer in a sentence
This Global Second Issuer Note is governed by, and shall be construed in accordance with, the laws of England.
All payments of any amounts payable and paid to the registered holder of this Global Second Issuer Note shall be valid and, to the extent of the sums so paid, effectual to satisfy and discharge the liability for the monies payable hereon.
In the event of a conflict between the Amended and Restated Master Definitions and Construction Schedule and the Second Issuer Master Definitions and Construction Schedule, the Second Issuer Master Definitions and Construction Schedule shall prevail.
Upon any payment of principal and endorsement of such payment on Part I of the Schedule hereto, the principal amount of this Global Second Issuer Note shall be reduced for all purposes by the principal amount so paid and endorsed.
Upon any payment of principal or interest on this Global Second Issuer Note the amount so paid shall be endorsed by or on behalf of the Registrar on behalf of the Second Issuer on Part I of the Schedule hereto.
Thereupon the holder of this Global Second Issuer Note (acting on the instructions of (a) holder(s) of (a) Book-Entry Interest(s) (as defined in SECTION 3 hereof)) may give notice to the Second Issuer, and the Second Issuer may give notice to the Note Trustee and the Noteholders, of its intention to exchange this Global Second Issuer Note for Definitive Second Issuer Notes on or after the Exchange Date (as defined below).
On or after the Exchange Date, the holder of this Global Second Issuer Note shall surrender this Global Second Issuer Note to or to the order of the Registrar.
For the avoidance of doubt, the parties agree that the Funding 1 Liquidity Facility will be available notwithstanding that one or more (but not all) of the First Issuer Intercompany Loan Agreement, the Second Issuer Intercompany Loan Agreement, the Third Issuer Intercompany Loan Agreement or the Fourth Issuer Intercompany Loan Agreement may have been repaid in full or cancelled, subject to any reduction of the Funding 1 Liquidity Facility Commitment in accordance with Clause 2.2 (Facility Limits).
Payments of principal and interest in respect of Second Issuer Notes represented by this Global Second Issuer Note will be made in accordance with the Conditions.
The Issuer represents and warrants in accordance with Part C of Schedule 3 (Issuer Representations and Warranties) to this Agreement, on the date of this Agreement and on each date on which an amount is credited to the Second Issuer Transaction Account.