Examples of Class A Senior Notes in a sentence
Ms. Louise Venables presented the SHREC Bond structure (for cash flow requirements) which is a bond in two ‘classes’; Class A, Senior Notes valued at $36.8 million and Class B, Subordinate Notes valued at $1.8 million.
As to each Interest Accrual Period, the amount of interest for each Interest Accrual Period payable in respect of each $100,000 principal amount of the Class A Senior Notes.
If any Event of Default (including an Event of Default specified in Section 5.1(f) or (g)) has occurred and has not been cured or waived, the Class A Senior Notes shall be paid in full in Cash or, to the extent a Majority of the Class A Senior Notes consent, other than in Cash, before any further payment or distribution is made on account of the Subordinate Interests.
On 26 July 2004, Credico Funding 2 S.r.l. financed the purchase of the portfolio securities by placing on the market five classes of asset-backed notes — Class A (Senior Notes), Class B, C and D (Mezzanine Notes), and Class E (Junior Notes) — for a corresponding value of Eur 1,159,500.000.
A test satisfied if as of any date of determination the S&P Weighted Average Recovery Rate for the Class A Senior Notes is equal to or greater than the applicable S&P Minimum Weighted Average Recovery Rate.
For the avoidance of doubt, a reduction or withdrawal in the ratings assigned to any Class of the Class A Senior Notes 30 days after the Effective Date will not cause a redemption thereof under Condition 7(d) (Redemption upon an Effective Date Rating Event).
Any legal suit, action or proceeding arising out of or related to this Agreement or the licenses granted hereunder shall be instituted exclusively in the federal courts of the United States or the courts of the State of Nebraska in each case located in the city of Lincoln and County of Lancaster, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding.
The Subordinated Notes are subordinated to the Class A Senior Notes in respect of the payment of principal and interest.
The Class A Refinancing Notes will bear interest from their issue date at the same rate as the Class A Senior Notes and such interest will be quarterly in arrear on each Payment Date.
The Class A Senior Notes are worth P175 million and shall be amortized using the Controlled Amortization method with a pre-defined amortization schedule during the Controlled Amortization Period.