Applicable to Certificated Class E Notes Sample Clauses

Applicable to Certificated Class E Notes. Applicable to Class E Notes issued in the form of a Global Note. 4 Applicable to Class E Notes issued in the form of Certificated Notes. 5 Applicable to Class E Notes issued in the form of a Global Note. [Up to]6 U.S.$ [__] [ ]-1 CUSIP No.: [__] ISIN No.: [__] [Common Code: ] JMP CREDIT ADVISORS CLO IV LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the "Issuer"), and JMP CREDIT ADVISORS CLO IV LLC, a limited liability company formed under the laws of the State of Delaware (the "Co-Issuer" and, together with the Issuer, the "Co-Issuers"), for value received, hereby promise to pay to [CEDE & CO.] [__] or its registered assigns, upon presentation and surrender of this Note (except as otherwise permitted by the Indenture referred to below), the principal sum of [up to]7 [__] United States Dollars (U.S.$ [__]) [, or such other principal sum as is equal to the aggregate principal amount of the Class E Notes identified from time to time on the records of the Trustee and Schedule A hereto as being represented by this [Rule 144A Global Secured Note][Regulation S Global Secured Note,]]8 on the Payment Date in July 2029 (the "Stated Maturity") except as provided below and in the Indenture. Notwithstanding any provision of the Transaction Documents (as defined in the Indenture) to the contrary the obligations of the Co-Issuers under this Note and the Indenture are limited recourse obligations of the Co-Issuers payable solely from the Assets in accordance with the Indenture, and following realization of the Assets in accordance with the Indenture, all claims of Noteholders shall be extinguished and shall not thereafter revive. The Co-Issuers promise to pay interest, if any, on the 17th day of each of January, April, July and October in each year (each, a "Payment Date"), commencing in October 2017 (or, if such day is not a Business Day, the next succeeding Business Day), at the rate equal to LIBOR plus 6.80% per annum on the unpaid principal amount hereof until the principal hereof is paid or duly provided for. Interest shall be computed on the basis of the actual number of days elapsed in the applicable Interest Accrual Period divided by 360. The interest so payable on any Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Record Date for such interest, which shall be the 15th day (whether or ...