Affected Classes definition

Affected Classes has the meaning set forth in Section 13.04(b)(A).

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Affected Classes means, (i) if a proposed action or inaction or Event of Default or other relevant circumstance relates solely and specifically to Trust Property, each Class for which such Trust Property is a Corresponding Asset, (ii) if a proposed action or inaction or Event of Default or other relevant circumstance does not relate specifically and solely to Trust Property, then each Class that could reasonably be expected to be affected by the action proposed or inaction or Event of Default, and (iii) for purposes of Section 5.16 at any time, the Classes of HITS for which Notes at such time are Corresponding Assets (that is, (A) for purposes of Sections 5.16(b) and 5.16(c), until the Remarketing Settlement Date, the Preferred HITS and the Corporate HITS and, thereafter, the Corporate HITS, (B) for purposes of Section 5.16(d), the Preferred HITS and the Treasury HITS, and (C) for purposes of Section 5.16(e), (I) if the Event of Default is of the type referred to in clause (a) of the definition of that term, the Preferred HITS and the Corporate HITS until the Remarketing Settlement Date and the Corporate HITS thereafter, (II) if the Event of Default is of the type described in paragraph (b) of the definition of that term, the Preferred HITS and Treasury HITS, (III) if the Event of Default is of the type described in clause (d) of the definition of that term, the Classes of HITS that were to have been redeemed, and (IV) if the Event of Default is of the type described in any of clause (c), (e) or (f) of the definition of that term, each Class of HITS then outstanding). AMENDED AND RESTATED DECLARATION OF TRUST

Affected Classes has the meaning set forth in Section 4.

Examples of Affected Classes in a sentence

• Upon receipt by the Property Trustee of written notice declaring such an acceleration, or rescission and annulment thereof, by Holders of any part of the Trust Preferred Securities of the Affected Classes a record date shall be established for determining Holders of Outstanding Trust Preferred Securities of the Affected Classes entitled to join in such notice, which record date shall be at the close of business on the day the Property Trustee receives such notice.

• Except as set forth in Section 5.16(b) and this Section 5.16(c), the Holders of Trust Preferred Securities of the Affected Classes shall have no right to exercise directly any right or remedy available to the holders of, or in respect of, the Notes.

• Except as set forth in this Section 5.16(d), the Holders of Trust Preferred Securities of the Affected Classes shall have no right to exercise directly any right or remedy under the Stock Purchase Contract Agreement available to the Issuer Trust (acting through the Property Trustee) as a party thereto.

• Except as set forth in Section 5.16(b) and this Section 5.16(c), the Holders of HITS of the Affected Classes shall have no right to exercise directly any right or remedy available to the holders of, or in respect of, the Notes.

• Except as set forth in this Section 5.16(d), the Holders of HITS of the Affected Classes shall have no right to exercise directly any right or remedy under the Stock Purchase Contract Agreement available to the Trust (acting through the Property Trustee) as a party thereto.

• Upon receipt by the Property Trustee of written notice declaring such an acceleration, or rescission and annulment thereof, by Holders of any part of the HITS of the Affected Classes a record date shall be established for determining Holders of Outstanding HITS of the Affected Classes entitled to join in such notice, which record date shall be at the close of business on the day the Property Trustee receives such notice.

• The Debtors, the Supporting Noteholders and the Committee agree to cooperate to reduce the allowed Claims in the Affected Classes, other than the 2018 Note Claims.

• In the event of any Tax Redemption pursuant to Section 9.3, the written direction of the relevant Affected Class(es) or Majority of the Subordinated Notes shall be provided to the Issuer, the Trustee and the Portfolio Manager not later than 30 days prior to the Payment Date on which such redemption is to be made (which date shall be designated in such direction).

More Definitions of Affected Classes

Affected Classes means, (i) if a proposed action or inaction or Event of Default or other relevant circumstance relates solely and specifically to Trust Property, each Class for which such Trust Property is a Corresponding Asset, (ii) if a proposed action or inaction or Event of Default or other relevant circumstance does not relate specifically and solely to Trust Property, then each Class that could reasonably be expected to be affected by the action proposed or inaction or Event of Default, and (iii) for purposes of Section 5.16 at any time, the Classes of Trust Preferred Securities for which Notes at such time are Corresponding Assets (that is, (A) for purposes of Sections 5.16(b) and 5.16(c), until the Remarketing Settlement Date the Normal PPS and the Capital PPS and, thereafter, the Capital PPS, (B) for purposes of Section 5.16(d), the Normal PPS and the Stripped PPS, and (C) for purposes of Section 5.16(e), (I) if the Event of Default is of the type referred to in clause (a) of the definition of that term, the Normal PPS and the Capital PPS until the Remarketing Settlement Date and the Capital PPS thereafter, (II) if the Event of Default is of the type described in paragraph (b) of the definition of that term, the Normal PPS and Stripped PPS, (III) if the Event of Default is of the type described in clause (d) of the definition of that term, the Classes of Trust Preferred Securities that were to have been redeemed, and (IV) if the Event of Default is of the type described in any of clause (c), (e) or (f) of the definition of that term, each Class of Trust Preferred Securities then outstanding).

Affected Classes means the unappealed, related and identical classes of the compensation plan.

Affected Classes means, (i) if a proposed action or inaction or Event of Default or other relevant circumstance relates solely and specifically to Trust Property, each Class for which such Trust Property is a Corresponding Asset, (ii) if a proposed action or inaction or Event of Default or other relevant circumstance does not relate specifically and solely to Trust Property, then each Class that could reasonably be expected to be affected by the action proposed or inaction or Event of Default, and (iii) for purposes of Section 5.16 at any time, the Classes of HITS for which Notes at such time are Corresponding Assets (that is, (A) for purposes of Sections 5.16(b) and 5.16(c), until the Remarketing Settlement Date, the Preferred HITS and the Corporate HITS and, thereafter, the Corporate HITS, (B) for purposes of Section 5.16(d), the Preferred HITS and the Treasury HITS, and (C) for purposes of Section 5.16(e), (I) if the Event of Default is of the type referred to in clause (a) of the definition of that term, the Preferred HITS and the Corporate HITS until the Remarketing Settlement Date and the Corporate HITS thereafter, (II) if the Event of Default is of the type described in paragraph (b) of the definition of that term, the Preferred HITS and Treasury HITS, (III) if the Event of Default is of the type described in clause (d) of the definition of that term, the Classes of HITS that were to have been redeemed, and (IV) if the Event of Default is of the type described in any of clause (c), (e) or (f) of the definition of that term, each Class of HITS then outstanding).

Affected Classes means classes containing affected positions;

Affected Classes has the meaning set forth in Section 13.04(b)(A). “Affiliate” shall mean, with respect to any Person, any other Person that directly or indirectly controls, or is under common control with, or is controlled by, such Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by” and “under common control with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise).