Class A-1 Loans definition
Examples of Class A-1 Loans in a sentence
The Issuer will also incur U.S.$50,000,000 in Class A-1 Loans maturing 2037 (the “Class A-1 Loans”) pursuant to the Class A-1 Credit Agreement, dated as of the date hereof (the “Credit Agreement”) among the Issuer, as borrower, the lenders party thereto, the Trustee and U.S. Bank Trust Company, National Association, as loan agent (the “Loan Agent”).
Without limiting the generality of the foregoing, the Class A-1 Loans shall comprise and be a part of the Class A-1 Debt and, as such, shall be subject to the terms and conditions of the Indenture applicable to the Class A-1 Debt, and shall have the rights afforded in the Indenture to the Class A-1 Debt (to the extent applicable to the Class A-1 Loans).
The Offering Documents collectively describe, among other things, the Notes, the Class A-1 Loans, the Assets, the Issuer, the Indenture, the Credit Agreement, the Collateral Servicer and the Collateral Servicing Agreement.
References to (i) the “redemption” of Debt or Secured Debt shall be understood to include references to the repayment of the Class A-1 Loans by the Issuer and (ii) the “issuance” of Debt or Secured Debt or to the “execution,” “authentication” and/or “delivery” of Debt or Secured Debt shall be understood to include references to the incurrence of Class A-1 Loans by the Issuer pursuant to the Class A-1 Credit Agreement.
Each Lender acknowledges that this indemnification will continue with respect to any period during which it held the Class A-1 Loans notwithstanding it ceasing to be a Lender.
All payments on the Class A-1 Loans shall be made by the Collateral Trustee or the applicable Paying Agent to the Loan Agent for disbursement in accordance with the Class A-1 Credit Agreement.