Series Parties definition

Series Parties means the Instrumentholders, the Trustee, the Custodian and any Hedging Counterparty, all of whom expressly accept, and shall be deemed to be bound by, the provisions of the Securitisation Act 2004 and, in particular, the provisions on limited recourse, no petition, subordination, waterfall and priority of payments as included in the General Conditions and the relevant Final Terms.
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Examples of Series Parties in a sentence

  • In respect of any claim against the Issuer in relation to the Notes, the Series Parties and the Noteholders shall have recourse only to the Series Assets in respect of such Notes, subject always to the Security, and not to any other assets of the Issuer.

  • The Issuer shall give a copy of the Issuer Call Redemption Notice to each of the Series Parties on the same date as such notice is given to the Noteholders.

  • Furthermore, potential investors should note that the Selling Agent will be able to deduct any of its commissions and/or expenses in connection with the realisation of the Series Assets from the proceeds of realisation of the Series Assets prior to the distribution of such proceeds to the other Series Parties.

  • The Series Assets are secured in favour of the Trustee for the benefit of the Series Parties (which include the Instrumentholders) as security for the obligations of the Issuer in respect of the Instruments.

  • By executing the Series Instrument, (i) the Issuer has appointed the Trustee to act as trustee in respect of the Notes on the trust terms (the Trust Terms) and (ii) security is created over the Series Assets in favour of the Trustee on behalf of the Series Parties on the security terms (the Security Terms), in each case, as set out and modified in and incorporated by reference into the Series Instrument.

  • Following application of the proceeds of realisation of the Series Assets in accordance with the Conditions of the Notes, the claims of the Noteholders, the Hedging Counterparty and the other Series Parties for any shortfall shall be extinguished and the Noteholders, the Hedging Counterparty and the other Series Parties (and any person acting on behalf of any of them) may not take any further action to recover such shortfall.

  • Furthermore, where the Series Assets become subject to realisation by the Selling Agent, potential investors should note that the Selling Agent will be able to deduct any of its commissions or expenses in connection with the realisation of the Series Assets from the proceeds of realisation of the Series Assets prior to the distribution of such proceeds to the other Series Parties.

  • The Securitisation Act 2004 provides that the Series Assets (and the proceeds thereof) specified below are available solely to meet the claims of the Series Parties.

  • The Instruments will have the benefit of English law governed security interests (and, in certain circumstances, security interests governed by the laws of any other relevant jurisdiction) which are granted to the Trustee (for the benefit of the Series Parties for the relevant Series) over all the Series Assets of the relevant Compartment (see the section entitled “Summary”).

  • Any shortfall shall be borne by the Noteholders, the Hedging Counterparty and the other Series Parties according to the priorities specified in the Conditions of the Notes.

Related to Series Parties

  • Class Debt Representatives has the meaning assigned to such term in Section 8.09.

  • Parties has the meaning set forth in the Preamble.

  • Investor Parties has the meaning set forth in the Preamble.

  • Additional Senior Debt Parties means, with respect to any series, issue or class of Additional Senior Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any Guarantor under any related Additional Senior Debt Documents.

  • Company Representatives shall have the meaning set forth in Section 6.5(a).

  • Party/Parties means Buyer and Seller individually/collectively.

  • Secured Debt Representative means each Parity Lien Representative and each Priority Lien Representative.

  • Backstop Parties means, collectively, the Initial Backstop Parties and the Additional Backstop Parties.

  • Class Debt Parties has the meaning assigned to such term in Section 8.09.

  • Note Parties means the Company and each Guarantor.

  • Transaction Parties As defined in Section 5.3(o).

  • Warrantors means the Founders, the Founder Holdcos and the Group Companies.

  • Parent Representatives has the meaning set forth in Section 5.2(a).

  • Selling Parties has the meaning assigned to such term in the Preamble.

  • Settling Parties means, collectively, Defendant and Plaintiffs, individually and on behalf of the Class and all Released Persons.

  • Financing Parties means Parties financing the Project, pursuant to Financing Documents.

  • Second Lien Representative means, in the case of any Series of Second Lien Debt, the trustee, agent or representative of the holders of such Series of Second Lien Debt who maintains the transfer register for such Series of Second Lien Debt and is appointed as a Second Lien Representative (for purposes related to the administration of the Security Documents) pursuant to the indenture, credit agreement, loan agreement, note agreement, promissory note or other agreement or instrument evidencing or governing such Series of Second Lien Debt, together with its successors in such capacity; provided that in each case such Person shall have executed a joinder to the Collateral Agency and Intercreditor Agreement.

  • Lender Group Representatives has the meaning specified therefor in Section 17.9 of the Agreement.

  • Designated Senior Representative means (i) if at any time there is only one Senior Representative for a Senior Facility with respect to which the Discharge of Senior Obligations has not occurred, such Senior Representative and (ii) at any time when clause (i) does not apply, the Applicable Authorized Representative (as defined in the First Lien Intercreditor Agreement) at such time.

  • Debt Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent or representative under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Contracting Parties has the meaning set forth in Section 10.15.

  • Party/Parties means Buyer and Seller individually/collectively.

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.7, any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.

  • Required Consenting Noteholders means, as of the relevant date, the Consenting Noteholders then holding greater than fifty and one-tenth percent (50.1%) of the aggregate outstanding principal amount of Senior Notes Claims that are held by all Consenting Noteholders subject to the Restructuring Supporting Agreement as of such date.

  • Consenting Creditors has the meaning set forth in the preamble to this Agreement.

  • Principal’s Representative means the person nominated by the Principal or other person from time to time appointed in writing by the Principal to act as the Principal’s Representative for the purposes of the Contract.