Examples of Class B-2 Noteholders in a sentence
Class B Mortgagees means together: (a) the Note Trustee on behalf of the Class B1 Noteholders, and, if the Note Trustee has become bound to take steps and/or to proceed under this deed and fails to do so within a reasonable time and such failure is continuing, the Class B1 Noteholders, and then only if and to the extent the Class B1 Noteholders are able to do so under Australian law; and (b) the Class B2 Noteholders.
Any Guaranty Payment shall be used solely to pay the Class B-2 Noteholders.
CLASS B MORTGAGEES means together: (a) the Note Trustee on behalf of the Class B1 Noteholders, and, if the Note Trustee has become bound to take steps and/or to proceed under this deed and fails to do so within a reasonable time and such failure is continuing, the Class B1 Noteholders, and then only if and to the extent the Class B1 Noteholders are able to do so under the Transaction Documents; and (b) the Class B2 Noteholders.
CLASS B-2 PRINCIPAL: Class B-2 Noteholders will be entitled to receive the Class B-2 Percentage of the Formula Principal Distribution Amount on each Payment Date on which (i) the Class A Principal Balance, Class M-1 Principal Balance, Class M-2 Principal Balance and Class B-1 Principal Balance has been reduced to zero or (ii) the Class B-2 Distribution Test is satisfied, until the Class B-2 Principal Balance has been reduced to zero.
To the extent of (i) Amount Available on a Remittance Date after payment of all interest and principal then payable on the Class A, Class M-1, Class M-2 and Class B-1 Notes, and (ii) the Guarantee Payment, if any, for such date, interest will be paid to the Class B-2 Noteholders at the Class B-2 Remittance Rate on the Class B-2 Principal Balance.
On each Payment Date, Class B-2 Noteholders will be entitled to receive, pursuant to the Limited Guarantee, any Class B-2 Liquidation Loss Amount for such Remittance Date LIQUIDATION LOSS INTEREST: Liquidation Loss Interest will be distributable first to the Class M-1 Notes, then to the Class M-2 Notes and then to the Class B-1 Notes.