Examples of Class A-2 Commitment Termination Date in a sentence
On the Class A-2 Commitment Termination Date, the Class A-2 Noteholders will be required to pay (or cause to be paid) to the Additional Collateral Account, any remaining Class A-2 Undrawn Commitment Amount as at such date.
Under the terms of the Class A-2 Note Purchase Agreement, the Issuer may, subject to certain conditions, up to nine times (including the Closing Date and the Class A-2 Commitment Termination Date) in respect of the Class A-2 Notes make one or more Funding Requests to the Class A-2 Noteholders.
Each Class A-1-D Noteholder and Class A-2 Noteholder will be required at all times prior to the Class A-1-D Commitment Termination Date or the Class A-2 Commitment Termination Date, as the case may be, to satisfy the applicable Rating Requirements.
If a Class A-2 Noteholder defaults or becomes unable to perform its obligations under the applicable Class A-2 Note Purchase Agreement due to insolvency or otherwise, the Issuer may not receive payments to which it would otherwise be entitled which may affect the ability of the Issuer to invest in Additional Collateral Debt Obligations.Each Class A-2 Noteholder will be required at all times prior to the Class A-2 Commitment Termination Date to have the applicable Required Ratings.
Pursuant to the terms of the Class A-2 Variable Funding Agreement each Class A-2 Noteholder has agreed that, subject as provided below, prior to the Class A-2 Commitment Termination Date, the Issuer may request Fundings (upon providing 5 Business Days prior written notice), repay such Fundings on any Class A-2 Interest Date (upon providing at least 3 Business Days’ prior written notice), and then reborrow such amounts from the Class A-2 Noteholders, in each case, in Euro and on a pro rata basis.
Under the terms of the Class A-2 Variable Funding Agreement the Issuer may, subject to certain conditions, make Funding Requests for a Funding in Euro, on a pro rata and pari passu basis to the Class A-2 Noteholders, prior to, or on, the Class A-2 Commitment Termination Date.
Should a Class A-2 Noteholder fail at any time prior to the Class A-2 Commitment Termination Date to have the Required Ratings, the applicable Class A-2 Noteholder may choose either to (i) transfer its Class A-2 Note to an eligible institution which has a Required Rating, or (ii) have a third party, which has a Required Rating, provide the requisite credit support.
In consideration of the Class A-2 Noteholder’s Class A-2 Commitment, on each Payment Date up to (and including) the Class A-2 Commitment Termination Date, the Issuer shall pay to the Class A-2 Noteholders the Class A-2 Commitment Fee.
The Class A-2 Commitment will reduce in accordance with Condition 7(n) (Redemption of the Class A Notes on a pro rata and pari passu basis) and will be cancelled in full on the Class A-2 Commitment Termination Date.