Examples of Class A CP Notes in a sentence
No Liquidity Advance shall be requested and none will be made in respect of any Class A CP Notes that have been Defeased.
No Swing Line Advances will be made in respect of Class A CP Notes that have been Defeased.
In curing a Coverage Test, funds will be paid to the Class A CP Notes and the Class A LT Notes prior to the Class B Notes.
The Swing Line Commitment will be reduced proportionately on any day on which the Class A CP Notes are Defeased, by the percentage decrease in the Maximum CP Principal Component Amount caused by such Defeasance.
See “Liquidity Agreement.” Interest Proceeds deposited in the Interest Collection Account will be used, on a pro rata basis, to pay any accrued interest or Discount on any Class A CP Notes maturing on such date and to reimburse the Liquidity Provider for each Swing Line Advance, together with interest thereon.
After a Liquidity Advance is made, if new Class A CP Notes are issued, the proceeds from such issuance will upon receipt be promptly paid to the Liquidity Provider to repay any Liquidity Advance and redeem the Class A ST Notes and, thereafter, any remaining proceeds will be deposited in the Principal Collection Account.
The “Class D Interest Coverage Test” means, for so long as any Class A ST Notes, Class A LT Notes, Class A-1 Notes, Class A-2 Notes, Class B Notes, Class C Notes, Class D Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date if the Class D Interest Coverage Ratio as of such Measurement Date occurring on or after the second Distribution Date is equal to or greater than 102.0%.
In the event that the Interest Diversion Test is not satisfied on any Quarterly Distribution Date, funds that would otherwise be used to make distributions to the Preference Shareholders and to pay certain other expenses may instead be used to pay principal of the Notes, to Defease the Class A CP Notes, to pay any outstanding Base Liquidity Advances and to pay amounts payable to the Prepaid Swap Counterparty on an accelerated basis in accordance with the Priority of Payments.
The “Class E Interest Coverage Test” means, for so long as any Class A ST Notes, Class A LT Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the second Distribution Date following the Ramp-Up Effective Date if the Class E Interest Coverage Ratio as of such Measurement Date is equal to or greater than 100%.
There can be no assurance that a secondary market for any Class of the Notes, the Class A CP Notes or the Preference Shares will develop, or if a secondary market does develop, that it will provide the holders of such Offered Securities with liquidity of investment or that it will continue for the life of such Offered Securities.