Security Protection Notice definition

Security Protection Notice shall have the meaning given to that term in clause 5.1 (Crystallisation by notice) of the Deed of Charge and Assignment.

Security Protection Notice means a notice in, or substantially in, the form of the document so named set out in Schedule 5 to this Note Trust Deed Supplement; Series 2020-1 (A3) means the Note Series designated as such in accordance with the relevant Final Terms/Drawdown Prospectus; Series 2020-1 (A3) Charged Accounts means (i) the Series 2020-1 (A3) Distribution Ledger in respect of the Issuer Distribution Account; (ii) the Call Protection Accumulation Deposit Account in respect of Series 2020-1 (A3); and (iii) any bank account or other account in which the Issuer may at any time acquire a Benefit in relation to Series 2020-1 (A3) and over which the Issuer has created an Encumbrance in favour of the Note Trustee pursuant to the Note Trust Deed or this Note Trust Deed Supplement in respect of Series 2020-1 (A3); Series 2020-1 (A3) Distribution Ledger means, in relation to the Issuer Distribution Account the ledger designated the Series 2020-1 (A3) Distribution Ledger in respect of Series 2020-1 (A3); Series 2020-1 (A3) Documents means, in relation to Series 2020-1 (A3) only, the Class A3 (2020-1) Loan Note Supplement to the Global Loan Note No. 1 and this Note Trust Deed Supplement; Series 2020-1 (A3) Notes means the Class A Notes of Series 2020-1 (A3) due 2030 issued in accordance with the relevant Final Terms dated 30 July 2020. The meaning of Global Notes and Noteholders shall be construed in accordance with the definition of Series 2020-1 (A3) Notes in this Note Trust Deed Supplement; Series 2020-1 (A3) Secured Creditors means, in respect of Series 2020-1 (A3), the Note Trustee in its own capacity and as Note Trustee (on behalf of the Noteholders), each of the Agents, the Account Bank, the Bank Account Operator and any Receiver;

Security Protection Notice has the meaning given to it in clause 11.1 of the Issuer Deed of Charge.

Examples of Security Protection Notice in a sentence

• The Note Trustee may at any time, unless an Enforcement Notice has been delivered, by notice in writing to the Issuer withdraw a Security Protection Notice.

• If a Security Protection Notice is delivered pursuant to Clause 9.1 (Crystallisation: By Notice), the Bond Trustee may (with no obligation to do so), during any time other than an Enforcement Period, by notice in writing to the Obligors, withdraw a Security Protection Notice, the effect of which is to confirm that the OFCA Floating Security has ceased to be crystallised.

• The Trustee may at any time, unless an Enforcement Notice has been delivered, by notice in writing to the Issuer withdraw an English Security Protection Notice.

• This is an Irish Security Protection Notice for the purposes of the Irish Deed of Charge.

• This is an English Security Protection Notice for the Purposed of the English Deed of Charge.

• The Trustee may at any time, unless an Enforcement Notice has been delivered, by notice in writing to the Issuer withdraw an Irish Security Protection Notice.

More Definitions of Security Protection Notice

Security Protection Notice means in the case of the English Chargor Security a notice given in accordance with Clause 10.1 (Delivery of Security Protection Notice) of the English Deed of Charge or, in the case of the Issuer Security, a notice given in accordance with Clause 10.1 (Delivery of a Security Protection Notice) and in the form set out in Schedule 4 to the Issuer Deed of Charge;

Security Protection Notice means an English Security Protection Notice and/or an Irish Security Protection Notice, as applicable;

Security Protection Notice means a notice in, or substantially in, the form set out in schedule 2 (Form of Security Protection Notice) of the Deed of Charge;

Security Protection Notice means a notice in, or substantially in, the form of the document so named set out in Schedule 5 to this Note Trust Deed Supplement; Series 2023-1 (A2) means the Note Series designated as such in accordance with the relevant Final Terms/Drawdown Prospectus; Series 2023-1 (A2) Charged Accounts means (i) the Series 2023-1 (A2) Distribution Ledger in respect of the Issuer Distribution Account; (ii) the Call Protection Accumulation Deposit Account in respect of Series 2023-1 (A2); and (iii) any bank account or other account in which the Issuer may at any time acquire a Benefit in relation to Series 2023-1 (A2) and over which the Issuer has created an Encumbrance in favour of the Note Trustee pursuant to the Note Trust Deed or this Note Trust Deed Supplement in respect of Series 2023-1 (A2); Series 2023-1 (A2) Distribution Ledger means, in relation to the Issuer Distribution Account the ledger designated the Series 2023-1 (A2) Distribution Ledger in respect of Series 2023-1 (A2); Series 2023-1 (A2) Documents means, in relation to Series 2023-1 (A2) only, the Class A2 (2023-1) Loan Note Supplement to the Global Loan Note No. 1 and this Note Trust Deed Supplement;