Examples of Trust Terms in a sentence
The Master Trust Terms provide that, in connection with any Replacement, the Trustee shall receive a certificate from the Swap Counterparty confirming that all the conditions and requirements in relation to the Replacement have been met, and it may rely absolutely upon such certificate for all purposes and, for the avoidance of doubt, it need make no further enquiry of any nature.
The Master Trust Terms provide that, in connection with any Substitution, the Trustee shall receive a certificate from the Swap Counterparty describing the Substitution and confirming that the Substitution is not materially prejudicial to the interests of the Noteholders, and it may rely absolutely upon such certificate for all purposes and, for the avoidance of doubt, it need make no further enquiry of any nature.
The provisions of the Master Trust Terms are expressed to apply separately to each Series.
Only the Trustee may pursue the remedies available under the Master Trust Terms, the Constituting Instrument, the Trust Deed applicable to the Series, the Charging Instrument, if applicable, and the Conditions to enforce the rights of the Noteholders, Receiptholders and Couponholders (if any) of a Series or the Swap Counterparty (if any) in the order of priority specified in the Constituting Instrument.
The Issuer has submitted to the jurisdiction of the English courts for all purposes in connection with the Notes, the Receipts, the Coupons and the Talons (if any), the Master Trust Terms, the Agency Agreement and the Charged Agreement (if any) and by the Constituting Instrument has appointed an agent in London to accept service of process on its behalf in connection with service of proceedings in the English courts.
The Master Trust Terms contain provisions for the release from the security in favour of the Trustee of the relevant Charged Assets (or part thereof) which correspond to the Series of Notes (or part thereof) to be redeemed by the Issuer pursuant to Condition 7(f) or purchased by the Issuer pursuant to Condition 7(g).
On notice having been given to the Issuer by the Trustee following any such occurrence, the Notes will become repayable in accordance with Condition 9 and the security therefor will become enforceable in accordance with the Master Trust Terms (as amended, modified and/or supplemented by the relevant Constituting Instrument) and subject to the provisions of Condition 10.
The Master Trust Terms contain provisions for convening meetings of Noteholders of a Series to consider matters affecting their interests, including the modification by Extraordinary Resolution of the Conditions or the provisions of the Terms, the Master Trust Terms or the Trust Deed applicable to the Series and/or, if applicable, the Charging Instrument or any agreement or deed constituted or created by the Constituting Instrument applicable to the Series.
The Master Trust Terms contain provisions for indemnification of the Trustee and for its relief from responsibility for the validity, sufficiency and enforceability (which the Trustee has not investigated) of the security created over the Mortgaged Property or Charged Agreement (if any), including provisions relieving it from taking proceedings to enforce repayment or from taking any action in accordance with the Constituting Instrument without being first indemnified and/or prefunded to its satisfaction.
The Trustee is entitled to exercise certain powers, trusts, authorities and discretions in accordance with the Master Trust Terms and the terms hereof.