Common use of Class B Notes Clause in Contracts

Class B Notes. In respect of the Class B Notes, the Master Issuer Trust Deed provides that, subject to CONDITION 11.2: (i) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of one class only of the Class B Notes shall be deemed to have been duly passed if passed at a meeting of the Holders of that class of the Class B Notes; (ii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of any two or more classes of the Class B Notes but does not give rise to a conflict of interest between the Holders of any such two or more Classes of Class B Notes, shall be deemed to have been duly passed if passed at a single meeting of the Holders of such two or more Classes of Class B Notes; and (iii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of any two or more classes of the Class B Notes and gives or may give rise to a conflict of interest between the Holders of any such two or more Classes of Class B Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the Holders of such two or more Classes of Class B Notes, it shall be passed at separate meetings of the Holders of each of such two or more Classes of Class B Notes.

Class B Notes. In respect of the Class B Notes, the Master Issuer Trust Deed provides that, subject to CONDITION 11.2:sub-paragraph (vi): (ia) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of one class only holders of the Class B Notes of one Series only shall be deemed to have been duly passed if passed at a meeting of the Holders of that class holders of the Class B NotesNotes of that Series; (iib) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class B Notes of any two or more classes of the Class B Notes Series but does not give rise to a conflict of interest between the Holders holders of any such two or more Classes Series of Class B Notes, shall be deemed to have been duly passed if passed at a single meeting of the Holders holders of such two or more Classes series of Class B Notes; and (iiic) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class B Notes of any two or more classes of the Class B Notes Series and gives or may give rise to a conflict of interest between the Holders holders of any such two or more Classes Series of Class B Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the Holders holders of such two or more Classes Series of Class B Notes, it shall be passed at separate meetings of the Holders of each holders of such two or more Classes Series of Class B Notes.

Class B Notes. In respect of the Class B Notes, the Master Issuer Trust Deed provides that, subject to CONDITION 11.2:Condition 11(A)(6): (i) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders of one class only holders of the Class B Notes of one Series only shall be deemed to have been duly passed if passed at a meeting of the Holders of that class holders of the Class B NotesNotes of that Series; (ii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class B Notes of any two or more classes of the Class B Notes Series but does not give rise to a conflict of interest between the Holders holders of any such two or more Classes Series of Class B Notes, shall be deemed to have been duly passed if passed at a single meeting of the Holders holders of such two or more Classes series of Class B Notes; and (iii) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the Holders holders of the Class B Notes of any two or more classes of the Class B Notes Series and gives or may give rise to a conflict of interest between the Holders holders of any such two or more Classes Series of Class B Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the Holders holders of such two or more Classes Series of Class B Notes, it shall be passed at separate meetings of the Holders of each holders of such two or more Classes Series of Class B Notes.