Applicable Class definition

Applicable Class. A Closing Price Average” 1

Applicable Class as defined in Section 2.12(f).

Applicable Class applicable Primary Liquidity Facility", "applicable Primary Liquidity Provider","applicable Policy" , "applicable Policy Provider" and "applicable Liquidity Facility" are defined in Section 2.1(c). The term "applicable", when used with respect to a Trust Account, drawing or utilization or with regard to the application of proceeds applicable to, or in respect of, any Policy or Liquidity Facility shall have a correlative meaning. When used with respect to the Senior Trustee or the Junior Trustee, "applicable" means the Trustee in its capacity as Trustee for the applicable Class of Senior Certificates or Junior Certificates.

Examples of Applicable Class in a sentence

• Each Warrant issued hereunder represents a Call Option and a Call Right to purchase $1,000 of Unit Principal Balance of the Class A Units and the Initial Notional Amortizing Balance of the Class B Units corresponding to the Applicable Class B Equivalent Amount.

• Each Warrant issued by the Trust represents a Call Option and Call Right to purchase $1,000 Unit Principal Balance of Class A Units and the Applicable Class B Equivalent Amount.

• Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the Applicable Class of Term Loans being prepaid.

• Nominations of candidates for election to the Applicable Class of Board of Directors may be made at a special meeting of the stockholders.

• The Bank’s payroll and personnel records for all Claimants will be used to determine the number of workweeks that the Claimant recorded working more than 38 hours (excluding vacation, holiday, sick, meal and rest breaks, and any other paid or unpaid time off that is not included in the calculation of “work” time) during the longer of the Collective Period or Applicable Class Period in a Covered Position.

• The Administrative Agent will promptly distribute to each Lender its Applicable Percentage or Applicable Class Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.

• On and as of the Effective Date, the participations of the Lenders in each Existing Letter of Credit shall be adjusted as necessary in accordance with their respective Commitments of the Applicable Class, as though each Existing Letter of Credit had been issued on the Effective Date.

• The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Class Percentage of such prepayment.

• If the Warrants are partially exercised and if and to the extent that there is no Alternative Exercise or if there is a partial redemption of the Underlying Securities, the Trustee will also randomly select Class B Units for call or redemption in an amount equal to an Initial Notional Amortizing Balance of Class B Units corresponding to the Applicable Class B Equivalent Amount.

• Each such prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages of the Applicable Class of Revolving Loans being prepaid.

More Definitions of Applicable Class

Applicable Class means, for any claim of any UK Affiliate against any Debtor,

Applicable Class means any class of securities (whether shares or securities other thanshares) of a PLC (including where the relevant issuer has only one class of securities);