Examples of Class A Loan Note in a sentence
In the event that any withholding or deduction for or on account of any tax is imposed on payments in respect of the Notes or in respect of payment on the Class A Loan Note, neither the Issuer nor any other person is obliged to gross up or otherwise compensate the Debtholders for such withholding or deduction.
For the purposes of the calculations set out in the Security Trust Deed this Class A3 (2023-1) Notional Tranche shall be designated as a Class A Loan Note.
It is expected that on the Closing Date, the Original Class A Loan Noteholder will acquire all of the Class A Loan Note (see "Significant Investors" above).
The Class B Notes will rank pro rata and pari passu without preference or priority among themselves in relation to payment of interest and principal at all times, but subordinate to the Class A Notes and the Class A Loan Note, as provided in the Conditions and the Transaction Documents.
In relation to any such Proposed Amendment, the Issuer is required to, among other things, give at least 30 calendar days' notice to the Debtholders of each Class of the proposed modification in accordance with Condition 21 (Notices) or the Class A Loan Note Agreement (as applicable) and, in respect of the Notes, by publication on Bloomberg on the "Company Filings" screen relating to the Notes.
The Class F Notes will rank pro rata and pari passu without preference or priority among themselves in relation to payment of interest and principal at all times, but subordinate to all payments due in respect of the Class A Notes, the Class A Loan Note, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, and (following service of an Acceleration Notice) all payments due in respect of all other Classes of Notes, as provided in the Conditions and the Transaction Documents.
The Combined Class A Debt will rank senior to the other Classes of Debt at all times as to payments of interest and principal, as provided in the Class A Loan Note Agreement, the Conditions and the Transaction Documents.
The Combined Class A Debt ranks pro rata and pari passu without preference or priority among itself in relation to payment of interest and principal at all times while any of the Class A Loan Note and/or the Class A Notes are outstanding, as provided in the Conditions, the Class A Loan Note Agreement and the Transaction Documents.
A Class A Loan Noteholder will have no ability to call for the repayment of the Class A Loan Note or the redemption of the Class A Loan Note in the event that payments on the Class A Loan Note Agreement are subject to any withholding or deduction on account of tax.
For so long as one or more Class A Loan Noteholders collectively hold all (or a significant majority) of the Class A Loan Note, and for so long as the Class A Loan Note is (or comprises part of) the Most Senior Class of Debt, such Class A Loan Noteholders (or their transferee(s)) will have the ability to block Ordinary Resolutions and Extraordinary Resolutions (other than Basic Term Modifications relating to the Class A Notes or other Classes of Debt).