Note Details. This Note is one of a duly authorized issue of Notes issued under the Indenture (as defined below) having the applicable class designation and other details specifically indicated below (the "Note Details"). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Indenture. Reference is hereby made to the Indenture and all indentures supplemental thereto for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Issuer, the Notes, the Collateral Trustee and the Holders and the terms upon which the Notes are, and are to be, authenticated and delivered. Issuer: Ares Direct Lending CLO 4 LLC Collateral Trustee: U.S. Bank Trust Company, National Association Indenture: Indenture and Security Agreement, dated as of November 19, 2024, between the Issuer and the Collateral Trustee, as amended, modified or supplemented from time to time Registered Holder (check applicable): ¨ CEDE & CO. ¨ ________________ (insert name) Stated Maturity: Payment Date in October 2036 Payment Dates: The 24th day of January, April, July and October of each year, commencing in April 2025 (or, if such day is not a Business Day, then the immediately following Business Day), any Redemption Date (other than a Partial Redemption Date) and any Liquidation Payment Date (each, a "Payment Date"); provided that, following the redemption or repayment in full of the Rated Debt, Holders of Subordinated Notes may receive payments (including in respect of an Optional Redemption of the Subordinated Notes) on any dates designated by the Asset Manager (which dates may or may not be the dates stated above) upon seven Business Days' prior written notice to the Collateral Trustee (which notice the Collateral Trustee will promptly forward to the Holders of the Subordinated Notes), the Loan Agent and the Collateral Administrator and such dates will constitute "Payment Dates." The last Payment Date in respect of any Class of Debt will be its Redemption Date, its Stated Maturity or such other Payment Date on which the Aggregate Outstanding Amount of such Class is paid in full or the final distribution in respect thereof is made. Class designation and Note Interest Rate (check applicable): ¨ Class A Notes Benchmark Rate + 1.54% Principal amount (check applicable "up to" principal amount): ¨ Class A Notes $0 Authorized Denominations: $250,000 and integral multiples of $1.00 in excess thereof
Note Details. The Notes, together with the Trustee’s certificate of authentication, shall be in substantially the form set forth in Exhibit A hereto, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined by the officers executing the Notes, as evidenced by their execution of the Notes. Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note.
Note Details. The aggregate principal amount of the Series 2004-2 Notes which may be initially authenticated and delivered pursuant to this Indenture is limited to $1,017,700,000 except for Series 2004-2 Notes authenticated and delivered upon transfer of, or in exchange for, or in lieu of Series 2004-2 Notes pursuant to Sections 2.03 and 2.04 hereof. The Series 2004-2 Notes shall be issued in nine (9) separate classes (each a "Class") consisting of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5a Notes, the Class A-5b Notes, the Class A-5c Notes, the Class B-1 Notes and the Class B-2 Notes. The Series 2004-2 Notes shall be issuable only as fully registered notes in Authorized Denominations. The Series 2004-2 Notes of each Class shall each be lettered "R" and shall be numbered separately from 1 upwards, respectively. The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class A-5a Notes, the Class A-5b Notes and the Class A-5c Notes (collectively, the "Class A Notes") constitute Senior Obligations hereunder and the Class B-1 Notes and the Class B-2 Notes (collectively, the "Class B Notes") constitute Subordinate Obligations hereunder. The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes (collectively, the "LIBOR Rate Notes") shall be dated as of the Closing Date and shall bear interest from the Closing Date, payable on each Quarterly Distribution Date, except that LIBOR Rate Notes which are issued upon transfer, exchange or other replacement shall bear interest from the most recent Quarterly Distribution Date to which interest has been paid, or if no interest has been paid, from the Closing Date. The Class A-1 Notes shall mature on the Quarterly Distribution Date in November of 2009. The Class A-2 Notes shall mature on the Quarterly Distribution Date in November of 2013. Class A-3 Notes shall mature on the Quarterly Distribution Date in November of 2015. The Class A-4 Notes shall mature on the Quarterly Distribution Date in August of 2019. For each Accrual Period, the Class A-1 Notes shall bear interest at the Class A-1 Notes Interest Rate, the Class A-2 Notes shall bear interest at the Class A-2 Notes Interest Rate, the Class A-3 Notes shall bear interest at the Class A-3 Notes Interest Rate and the Class A-4 Notes shall bear interest at the Class A-4 Notes Interest Rate. The determination by the Issuer, or by the Administrator on behalf of the Issuer, of...
Note Details. The Notes shall be issued in a single series, with three classes therein: (a) a class of Class A-1A Notes entitled “Higher Education Loan Authority of the State of Missouri, Taxable Student Loan Asset Backed Notes, Senior Series 2021-3A-1A” in the aggregate principal amount of $15,000,000; (b) a class of Class A-1B Notes entitled “Higher Education Loan Authority of the State of Missouri, Taxable Student Loan Asset Backed Notes, Senior Series 2021-3A-1B” in the aggregate principal amount of $178,000,000, and (c) a class of Class B Notes entitled “Higher Education Loan Authority of the State of Missouri, Taxable Student Loan Asset Backed Notes, Subordinate Series 2021-3B” in the aggregate principal amount of
Note Details. (a) The Notes shall be issued in five (5) separate series consisting of $334,637,000 of Series A-1 Notes, $209,762,000 of Series A-2 Notes, $201,603,000 of Series A-3 Notes, $223,998,000 of Series A-4 Notes, and $30,000,000 of Series B Notes. The Series A-1 Notes will mature no later than December 15, 2017. The Series A-2 Notes will mature no later than March 15, 2022. The Series A-3 Notes will mature no later than March 15, 2026. The Series A-4 Notes will mature no later than December 15, 2033. The Series B Notes will mature no later than December 15, 2043. The Notes shall be issuable only as fully registered notes in Authorized Denominations. The Notes of each Series shall be numbered separately from 1 upwards. The Notes shall be in substantially the form set forth in Exhibit A, each with such variations, omissions and insertions as may be necessary.
(b) Payment of interest on any Note shall be made to the Noteholder thereof by check or draft mailed on the applicable Distribution Date by the Indenture Trustee to the Noteholder at his address as it last appears on the registration books kept by the Indenture Trustee at the close of business on the Record Date for such Distribution Date, except that, with respect to Notes registered on the Record Date in the name of the nominee of the Securities Depository (initially such nominee shall be Cede & Co.), payment will be made by wire transfer in immediately Available Funds to the account designated by such nominee; provided that payment of interest on a Note in respect of the redemption in whole of such Note shall be payable as provided in Section 1.2(b) below. No premium payments shall be paid on the Notes issued under this Indenture.
(c) In accordance with Section 4.4, interest shall accrue on the principal balances of the Notes during each Accrual Period and shall be payable on each Distribution Date. The Notes shall bear interest at the annual rates listed below:
(i) The Series A-1 interest rate will be three-month LIBOR, except for the first Accrual Period, plus 0.02%;
(ii) The Series A-2 interest rate will be three-month LIBOR, except for the first Accrual Period, plus 0.09%;
(iii) The Series A-3 interest rate will be three-month LIBOR, except for the first Accrual Period, plus 0.12%;
(iv) The Series A-4 interest rate will be three-month LIBOR, except for the first Accrual Period, plus 0.16%; and
(v) The Series B interest rate will be three-month LIBOR, except for the first Accrual Period, plus 0.21%; LI...
Note Details. (a) The aggregate principal amount of the Notes which may be initially authenticated and delivered under this Series Supplement shall be issued in three (3) classes, having the Class and Series designation, initial principal balance, Note Rate and initial rating set forth below (except for Notes authenticated and delivered upon transfer of, or in exchange for, or in lieu of Notes pursuant to Section 2.02 of the Indenture). Series 2018-1 Class C $ 95,530,000 3.97% A- (sf) Series 2018-1 Class D $ 13,180,000 4.70% BBB-(sf) Series 2018-1 Class F $ 16,730,000 5.92% BB- (sf)
(b) The “Anticipated Repayment Date” for the Notes is the Payment Date falling in June 2023. The “Rated Final Payment Date” for the Notes is the Payment Date falling in June 2048.
Note Details. 3.1.1. The Note: (a) shall be issued as a single note in an aggregate amount not to exceed $62.7 million (the “Maximum Amount”) over the Project Term, (b) shall be designated “TIF Support Facility Promissory Note,” (c) shall be in type-written form, (d) shall provide for periodic principal advances supported by Draw Requests attached as Exhibit 2 and made a part hereof and consistent with the purposes described in Sections 5.4.2.2 and 5.4.2.3 of the PDA, (e) shall be dated the date of its delivery, and
Note Details. Pursuant to provisions of applicable law and an order of the County Treasurer, which order is hereby authorized, the notes may be issued in one or more series; shall be known as "General Obligation Limited Tax Notes, Series 2013" with a letter designation added thereto if the notes are issued in more than one series; shall be in fully registered form in denominations not exceeding the aggregate principal amounts for each maturity of the notes; shall be sold for not less than 98% of the face amount of the notes; shall bear interest at fixed or variable rates not to exceed the maximum interest rate permitted by applicable law; shall be dated, payable as to interest and in principal amounts, be subject to redemption in whole or in part prior to maturity, including any redemption premiums, and be subject to renewal, at such times and in such amounts, all as shall be designated in the order of the County Treasurer. Notes or portions of notes called for redemption shall not bear interest after the redemption date, provided funds are on hand with the note registrar and paying agent to redeem the same. Notice of redemption shall be given in the manner prescribed by the County Treasurer, including the number of days’ notice of redemption and whether such notice shall be written or published, or both. If any notes of any series are to bear interest at a variable rate or rates, the County Treasurer is hereby further authorized to establish by order, and in accordance with law, a means by which interest on such notes may be set, reset or calculated prior to maturity, provided that such rate or rates shall at no time be in excess of the maximum interest rate permitted by applicable law. Such rates may be established by reference to the minimum rate that would be necessary to sell the notes at par; by a formula that is determined with respect to an index or indices of municipal obligations, reported prices or yields on obligations of the United States or the prime rate or rates of a bank or banks selected by the County Treasurer; or by any other method selected by the County Treasurer.
Note Details. Subject to the provisions hereof, the Notes shall be dated, shall mature in such years and such amounts, shall bear interest at such rate or rates per annum, shall be subject to redemption on such terms and conditions and shall be payable as to principal of, Repurchase Price, if applicable, Redemption Price, if applicable, premium, if any, and interest at such place or places as shall be specified in this Indenture.
Note Details. The Notes shall be issued in a single series, with three classes therein: (a) a class of Class A-1A Notes entitled “Higher Education Loan Authority of the State of Missouri, Taxable Student Loan Asset-Backed Notes, Senior Series 2021-1A-1A” in the aggregate principal amount of $135,000,000; (b) a class of Class A-1B Notes entitled “Higher Education Loan Authority of the State of Missouri, Taxable Student Loan Asset-Backed Notes, Senior Series 2021-1A-1B” in the aggregate principal amount of $301,000,000; and (c) a class of Class B Notes entitled “Higher Education Loan Authority of the State of Missouri, Taxable Student Loan Asset-Backed Notes, Subordinate Series 2021-1B” in the aggregate principal amount of $10,000,000. The Class A-1A Notes, together with the Trustee’s certificate of authentication, shall be in substantially the form set forth in Exhibit A-1 hereto, the Class A-1B Notes, together with the Trustee’s certificate of authentication, shall be in substantially the form set forth in Exhibit A-2 hereto and the Class B Notes, together with the Trustee’s certificate of authentication, shall be in substantially the form set forth in Exhibit B hereto, each with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined by the Authorized Representative executing the Notes, as evidenced by their execution of the Notes. Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note.
