Common use of Minimum Denominations Clause in Contracts

Minimum Denominations. Each Note shall be issued in minimum denominations of not less than the Minimum Denomination. On the Closing Date, (i) the Original Notes shall be issued such that the sum of the denominations of all outstanding Original Notes shall equal the Initial Note Principal Balance, and (ii) the MAC Notes, other than the Class M-3 Notes, shall be registered in denominations of $0, and as the Class M-3A and M-3B Notes will be deemed to have been exchanged in their entirety for the Class M-3 Notes on the Closing Date, the Class M- 3 Notes shall be issued in the denomination equal to the sum of the denominations of the Class M-3A and M-3B Notes so exchanged. On the Closing Date and pursuant to an Issuer Order, the Registrar will execute and authenticate one or more Book-Entry Notes in an aggregate principal amount that shall equal the Initial Note Principal Balance.

Appears in 12 contracts

Samples: Global Agency Agreement, Exchange Administration Agreement, Exchange Administration Agreement

AutoNDA by SimpleDocs

Minimum Denominations. Each Note shall be issued in minimum denominations of not less than the Minimum Denomination. On the Closing Date, (i) the Original Notes shall be issued such that the sum of the denominations of all outstanding Original Notes shall equal the Initial Note Principal Balance, and (ii) the MAC Notes, other than the Class M-3 M-2 Notes, shall be registered in denominations of $0, and as the Class M-3A M-2A and M-3B M-2B Notes will be deemed to have been exchanged in their entirety for the Class M-3 M-2 Notes on the Closing Date, the Class M- 3 M-2 Notes shall be issued in the denomination equal to the sum of the denominations of the Class M-3A M-2A and M-3B M-2B Notes so exchanged. On the Closing Date and pursuant to an Issuer Order, the Registrar will execute and authenticate one or more Book-Entry Notes in an aggregate principal amount that shall equal the Initial Note Principal Balance.

Appears in 8 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Global Agency Agreement

AutoNDA by SimpleDocs

Minimum Denominations. Each Note shall be issued in minimum denominations of not less than the Minimum Denomination. On the Closing Date, (i) the Original Notes shall be issued such that the sum of the denominations of all outstanding Original Notes shall equal the Initial Note Principal Balance, and (ii) the MAC Notes, other than the Class M-3 M-2 Notes, shall be registered in denominations of $0, and as the Class M-3A M-2A and M-3B M-2B Notes will be deemed to have been exchanged in their entirety for the Class M-3 M-2 Notes on the Closing Date, the Class M- 3 2 Notes shall be issued in the denomination equal to the sum of the denominations of the Class M-3A M-2A and M-3B M-2B Notes so exchanged. On the Closing Date and pursuant to an Issuer Order, the Registrar will execute and authenticate one or more Book-Entry Notes in an aggregate principal amount that shall equal the Initial Note Principal Balance.

Appears in 4 contracts

Samples: Global Agency Agreement, Exchange Administration Agreement, Global Agency Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!