Underlying Notes definition

Underlying Notes. The Underlying Notes specified on Schedule I, subject to removal from the assets of the Trust upon the occurrence of a Removal Event, a Wind-Up Event, an event specified in Section 3.10 or the optional redemption of Underlying Notes by the related Underlying Issuer.

Underlying Notes means the Notes represented by the Components of a Combination Note, which, for the avoidance of doubt, are:

Underlying Notes means the Notes initially represented by, and comprised in, Global Notes, in each case representing a certain number of underlying Notes.

Examples of Underlying Notes in a sentence

• Rights in the Underlying Notes will be held through custodial and depositary links through the relevant clearing system.

• The legal title to the Underlying Notes or to interests in the Underlying Notes will depend on the rules of the relevant clearing system in or through which the Underlying Notes are held.Rights in respect of the Underlying Notes and, by extension, the Collateral relating to such Underlying Notes cannot be enforced by holders of CDIs except indirectly through the CREST Depository and CREST Nominee who in turn can enforce rights indirectly through the intermediary depositaries and custodians described above.

• The custodian will hold the Underlying Notes through the relevant clearing system.

• CDIs will be issued by the CREST Depository to investors and will be governed by English law.The Underlying Notes (as distinct from the CDIs representing indirect interests in such Underlying Notes) will be held in an account with a custodian.

• The custodian will hold the Underlying Notes through a clearing system.

More Definitions of Underlying Notes

Underlying Notes. The Class A-5 Notes and Class A-IO Notes issued pursuant to the Underlying Indenture.

Underlying Notes. The meaning set forth in Section 10.13 hereof.

Underlying Notes means the 6.763% Notes due 2008 which are purchasable upon exercise of the Warrants.

Underlying Notes. The Class [___] Notes and the Class [__]-IO Notes issued pursuant to the Underlying Indenture.

Underlying Notes means the collective reference to the promissory notes executed by an Affiliate Partnership payable to the order of any Person evidencing Indebtedness secured by corresponding Underlying Mortgages.

Underlying Notes means promissory notes evidencing Underlying Loans.

Underlying Notes means the notes to be issued by the Underlying Note Issuer and subscribed for by the Issuer and being as described in Part 5 “Answers to important questions”.