Class 1 Notes definition

Class 1 Notes means any note the Company may issue pursuant to the Class 1 Notes Trust Agreement filed as an Exhibit to the Company’s Registration Statement for its Class 1 Notes and declared effective on January 6, 2015. Under the terms of the Class I Trust Agreement, the Company may issue up to an aggregate of $85 million of Class 1 Notes. The Company’s Class 1 offering expired on December 31, 2017 and no additional Class 1 Notes were sold after expiration. As of December 31, 2017, $39.7 million of the Company’s Class 1 Notes were outstanding.
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Class 1 Notes. Class 2 Notes" or "Class 3 Notes" in a total aggregate amount outstanding at any time not to exceed $4,000,000. Class 1 Notes and Class 2 Notes shall not exceed $3,000,000 outstanding, however such $3,000,000 shall be decreased by the principal amount of any Class 1 Notes exchanged for Class 3 Notes, as provided in Section 1(c), below.
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Class 1 Notes means the aggregate in principal amount of the Company's 10% Secured Notes due four (4) years from the Closing Date for each Purchaser. Each Note will be substantially in the form of the Note set forth as Exhibit B hereto. Interest on the Notes shall accrue from the Closing Date and shall be payable quarterly on the 30th day of March, June, September and December of each year (the "Quarterly Payment Dates"), commencing as to each Purchaser on the Quarterly Payment Date next following their Closing Date (which first interest payment shall be for the period from and including the Closing Date specified in Section 2 hereof through and including the next occurring Quarterly Payment Date) at the interest rates and in the manner specified in the form of Note attached hereto as Exhibit B. Principal on the Notes shall be paid in quarterly installments on the Quarterly Payment Dates beginning after one year from the Closing Date for each Purchaser through and including the Quarterly Payment Date immediately preceding the fourth anniversary from the Closing Date for such Purchaser. All Notes issued on or before April 15, 2002, in the total amount of $1,050,000 are Class 1 Notes. Class 1 Notes issued after April 15, 2002 will be subordinated to the Class 1 Notes issued on or before April 15, 2002 in their rights to receive payment under the Collateral Assignment, as defined below.
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Examples of Class 1 Notes in a sentence

  • In such circumstances, each Class of Class Notes (as identified by class number: for example, "Class 1 Notes") may rank ahead of (in the case of a smaller class number), or behind (in the case of a larger class number), any other such Class(es), as provided below.

  • Notwithstanding, the above, Class 1 Notes purchased after April 15, 2002 are subordinate in the right of payment to those Class 1 Notes purchased on or before April 15, 2002, and are on a par in the right of payment with Class 2 Notes.

  • Where these time-series are long enough, it is possible to remove the tidal component and estimate an observed 50 year storm-surge height.

  • All Notes issued on or before April 15, 2002, in the total amount of $1,050,000 are Class 1 Notes.

  • Specifically, in the event the Company defaults in its obligations under the Class 1 Notes or this Agreement, the Class 1 Purchasers on or before April 15, 2002 will be entitled to payment before the Class 1 Purchasers after April 15, 2002.

  • The Maker’s obligation to pay any deficiencies under the terms of the Note shall be subordinate in right of payment and subject to the prior payment or provision for payment, in full, of all claims for principal and interest of all present and future holders of the Company’s Class A and Class 1 Notes which arise prior to the date on which a payment under the Note is made.

  • Notwithstanding the preceding sentence, the Company’s obligation for any amounts due on the Notes which remain unpaid after the exhaustion of remedies available against the Collateral shall be subordinate in right of payment and subject to the prior payment in full of all claims for principal and interest of all current or future holders of the Company’s Class A Notes or its Class 1 Notes arising out of any occurrence prior to the date on which a payment under the Notes is, or is to be, made.

  • Class 1 Notes issued after April 15, 2002 will be subordinated to the Class 1 Notes issued on or before April 15, 2002 in their rights to receive payment under the Collateral Assignment, as defined below.

  • MP Securities will receive an assets under management fee equal to 1% of the outstanding principal balance of the Class 1 Notes, payable on a monthly basis sold under the Offering (the “AUM Fee”).

  • The Notes will not be subordinated to any Class A Notes and Class 1 Notes held by the Company, its affiliated entities, its officers, managers or members for its own account.


More Definitions of Class 1 Notes

Class 1 Notes or "Class 2 Notes" in a total aggregate amount not to exceed $2,000,000" shall be modified to read, "As used herein, "Notes" means either "Class 1 Notes" or "Class 2 Notes" in a total aggregate amount outstanding at any time not to exceed $2,500,000."
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Class 1 Notes or "Class 2 Notes" in a total aggregate amount outstanding at any time not to exceed $2,500,000."
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Class 1 Notes or "Class 2 Notes" in a total aggregate amount not to exceed $2,000,000. (i) "Class 1 Notes" means the aggregate in principal amount of the Company's 10% Secured Notes due four (4) years from the Closing Date for each Purchaser, together with all Notes issued in exchange therefor or replacement thereof. Each Note will be substantially in the form of the Note set forth as Exhibit B hereto. Interest on the Notes shall accrue from the Closing Date and shall be payable quarterly on the 30th day of March, June, September and December of each year (the "Quarterly Payment Dates"), commencing as to each Purchaser on the Quarterly Payment Date next following their Closing Date (which first interest payment shall be for the period from and including the Closing Date specified in Section 2 hereof through and including the next occurring Quarterly Payment Date) at the interest rates and in the manner specified in the form of Note attached hereto as Exhibit B. Principal on the Notes shall be paid in quarterly installments on the Quarterly Payment Dates beginning after one year from the Closing Date for each Purchaser through and including the Quarterly Payment Date immediately preceding the fourth anniversary from the Closing Date for such Purchaser. All Notes issued on or before April 15, 2002, in the total amount of $1,050,000 are Class 1 Notes. Class 1 Notes issued after April 15, 2002 will be subordinated to the Class 1 Notes issued on or before April 15, 2001 in their rights to receive payment under the Collateral Assignment, as defined below.
Sample 1
Class 1 Notes means the aggregate in principal amount of the Company's 10% Secured Notes due four (4) years from the Closing Date for each Purchaser, together with all Notes issued in exchange therefor or replacement thereof. Each Note will be substantially in the form of the Note set forth as Exhibit B hereto. Interest on the Notes shall accrue from the Closing Date and shall be payable quarterly on the 30th day of March, June, September and December of each year (the "Quarterly Payment Dates"), commencing as to each Purchaser on the Quarterly Payment Date next following their Closing Date (which first interest payment shall be for the period from and including the Closing Date specified in Section 2 hereof through and including the next occurring Quarterly Payment Date) at the interest rates and in the manner specified in the form of Note attached hereto as Exhibit B. Principal on the Notes shall be paid in quarterly installments on the Quarterly Payment Dates beginning after one year from the Closing Date for each Purchaser through and including the Quarterly Payment Date immediately preceding the fourth anniversary from the Closing Date for such Purchaser. All Notes issued on or before April 15, 2002, in the total amount of $1,050,000 are Class 1 Notes. Class 1 Notes issued after April 15, 2002 will be subordinated to the Class 1 Notes issued on or before April 15, 2001 in their rights to receive payment under the Collateral Assignment, as defined below.
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Class 1 Notes. Class 2 Notes" or "Class 3 Notes" in a total aggregate amount outstanding at any time not to exceed $5,500,000,, however such $5,500,000 shall be decreased by the principal amount of any Class 1 Notes surrendered to exercise warrants, and any Class 3 Notes converted, to purchase the Company's common stock
Sample 1
Class 1 Notes means the aggregate in principal amount of the Company's 10% Secured Notes substantially in the form of the Note set forth as Exhibit B hereto. Interest on the Notes shall accrue from the Closing Date and, except as provided in Section 1(c), below, shall be payable quarterly on the 30th day of March, June, September and December of each year (the "Quarterly Payment Dates"), commencing as to each Purchaser on June 30, 2004 (which first interest payment shall be
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Related to Class 1 Notes

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • Class A-1 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-1 Notes, issued in accordance with the Indenture.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • B Notes means each of Note B-1 and Note B-2.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Class A-2 Notes means the Class A-2a Notes and the Class A-2b Notes, collectively.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Class B Notes means the Class B 5.03% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class A-2a Notes means the $359,000,000 Class A-2a 5.14% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit A to the Indenture.

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A-1 Note means any of the 0.23000% Asset Backed Notes, Class A-1, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • Class of Notes means each of the Classes of Notes being:

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Initial Class A-3 Note Balance means $380,000,000.

  • 2028 Notes means the Borrower’s $650,000,000 aggregate principal amount notes due June 13, 2028, issued in June 2023 and July 2023.

  • Series A Notes is defined in Section 1.

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

  • Initial Class D Note Balance means $142,370,000.