Examples of Class A Loans in a sentence
Notwithstanding anything to contrary herein or in this Indenture, (i) Class A Notes may not be converted into Class A Loans at any time and (ii) Class B Notes may not be converted into Class B Loans at any time.
Payments on the Class A Loans and the Class B Loans shall be made by the Collateral Trustee or the applicable Paying Agent to the Loan Agent for disbursement in accordance with the Credit Agreements; provided that, so long as the same entity is acting as both the Collateral Trustee and the Loan Agent, all requirements for payments required to made by the Loan Agent hereunder shall be deemed satisfied if such payments are remitted by the Collateral Trustee.
Any Class A Notes or Class B Notes, as applicable, issued upon such conversion from Class A Loans into Class A Notes or from Class B Loans to Class B Notes, as applicable, that are not fungible for U.S. federal income tax purposes with the outstanding Class A Notes or Class B Notes, as applicable, will be identified with separate CUSIP numbers.
References to (i) “redemption” of Rated Debt shall be understood to refer to the prepayment of the Class A Loans or Class B Loans by the Issuer, as applicable and (ii) the “issuance” of the Rated Debt or to the “execution,” “authentication” and/or “delivery” of Rated Debt shall be understood to refer, in the case of either the Class A Loans or the Class B Loans, to the incurrence of the Class A Loans or the Class B Loans, as applicable, by the Issuer pursuant to the Credit Agreements.
Class A Loans may not be converted into Class B Notes at any time.