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.

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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

• However, neither the Trustee (except as specifically provided herein or in the TIA) nor the Depositor shall be under any obligation whatsoever to appear in, prosecute or defend any Proceeding in respect of Underlying Notes or Certificates.

• The parties hereto agree and intend that the Transfer of Underlying Notes to the Trust by the Depositor and all proceeds thereof shall be treated as a sale and purchase by the Trust and not as a loan or a pledge to secure a loan.

• In addition, access to the documentation regarding the Underlying Notes will be provided to the Depositor or any Certificateholder upon request during normal business hours at the Corporate Trust Office of the Trustee at the expense of the Person requesting such access.

• In the event that, notwithstanding the aforementioned intent of the parties, any Underlying Notes are held to be property of the Depositor, then it is the express intent of the parties that such conveyance be deemed a pledge of such Underlying Notes by the Depositor to the Trustee to secure a debt or other obligation of the Depositor.

• The Depositor shall not have any obligation on or with respect to the Underlying Notes.

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 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, in respect of the Class V Structured Combination Notes, the Subordinated Notes and the OAT Strips relating to the respective Components thereof, and in respect of the Class VI Structured Combination Notes, the Subordinated Notes and the Natexis Zero Coupon Notes relating to the respective Components thereof.

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

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”.

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