Affected Series definition

Affected Series means, (i) if a proposed action or inaction or Event of Default or other relevant circumstance relates solely and specifically to Trust Property, each Series 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 Series 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 Series of Trust Preferred Securities for which Notes at such time are Corresponding Assets (that is, (A) for purposes of Section 5.16(b) and Section 5.16(c), the Capital APEX and, until the Remarketing Settlement Date, the Normal APEX, (B) for purposes of Section 5.16(d), the Normal APEX and the Stripped APEX, 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 Capital APEX and, until the Remarketing Settlement Date, the Normal APEX, (II) if the Event of Default is of the type described in paragraph (b) of the definition of that term, the Normal APEX and Stripped APEX, (III) if the Event of Default is of the type described in clause (d) of the definition of that term, the Series 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 Series of Trust Preferred Securities then outstanding).
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Affected Series shall have the meaning specified in paragraph 4(c)(i) of Part I of this Section 11.1.
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Affected Series means any series of Government of Barbados BBD-denominated debt securities that incorporates by reference this Natural Disaster Clause;
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Examples of Affected Series 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 Series a record date shall be established for determining Holders of Outstanding Trust Preferred Securities of the Affected Series 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 this Section 5.16(d), the Holders of Trust Preferred Securities of the Affected Series 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 Trust Preferred Securities of the Affected Series shall have no right to exercise directly any right or remedy available to the holders of, or in respect of, the Notes.

  • Within 30 days after the occurrence of any Event of Default actually known to a Responsible Officer of the Property Trustee or the Administrative Trustees, the Property Trustee or the Administrative Trustees shall transmit, in the manner and to the extent provided in Section 12.9, notice of such Event of Default to the Holders of each Affected Series, unless such Event of Default shall have been cured or waived.

  • The Trustee shall not be accountable for the use or application by the Partnership of the Securities of the Affected Series or of the proceeds thereof.

  • The amendments and supplements contained herein shall apply to the Securities of the Affected Series only and not to any other series of Securities issued under the Indenture, and any covenants provided herein are expressly being included solely for the benefit of the Securities of the Affected Series and the Holders thereof.

  • Each Subsidiary Guarantor and, by its acceptance of any Securities of the Affected Series, each Holder, hereby confirms that it is their intention that the Subsidiary Guarantee by such Subsidiary Guarantor not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to the Subsidiary Guarantees.

  • These amendments and supplements shall be effective only for so long as there remains any Securities of the Affected Series Outstanding.

  • Each Subsidiary Guarantor hereby agrees that its Subsidiary Guarantees shall remain in full force and effect notwithstanding any failure to endorse on each of the Securities of the Affected Series a notation relating to the Subsidiary Guarantee thereof.

  • The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or of the Securities of the Affected Series.


More Definitions of Affected Series

Affected Series is defined in Section 10.22.
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Affected Series has the meaning ascribed to such term in Section 4.1(b).
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Affected Series means, as of any date of determination, in respect of:
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Affected Series has the meaning ascribed thereto in Section 8.8(3).
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Related to Affected Series

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • Unscheduled Principal Distribution Amount With respect to any Distribution Date, an amount equal to the aggregate of: (a) all Principal Prepayments received on the Mortgage Loans during the related Collection Period (or, in the case of the Outside Serviced Mortgage Loans, all Principal Prepayments received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date); and (b) any other collections (exclusive of payments by Mortgagors) received on the Mortgage Loans and, to the extent of the Trust’s interest therein, any REO Properties during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan or any interest in REO Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date), whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation proceeds, net income, rents, and REO Proceeds or otherwise, that were identified and applied by the Master Servicer (and/or, in the case of an Outside Serviced Mortgage Loan, the related Outside Servicer) as recoveries of previously unadvanced principal of the related Mortgage Loan.

  • Early Amortization Event means the occurrence of any of the following events:

  • Special Event Prepayment Price means with respect to the Notes, a prepayment price equal to 100% of the outstanding principal amount of the Notes, plus any accrued and unpaid interest thereon so prepaid up to but excluding the date of prepayment.

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate: