Examples of Class B-3 Notes in a sentence
So long as the Class B-3 Notes are listed on the Luxembourg Stock Exchange and the rules of that stock exchange so require, notices to Class B-3 Noteholders will be published in a leading newspaper having general circulation in Luxembourg (which is expected to be the Luxemburger Wort), it being understood that the term “notices” as it is used in this clause shall not include communications of the Class B-3 Note Rate.
We hereby expressly reserve our opinion with regard to the Class B-3 Notes.
The Class A Notes, the Class B-1 Notes, the Class B-2 Notes and the Class B-3 Notes are collectively referred to as the "Notes." The Notes were issued pursuant to an Indenture, dated as of December 1, 1998 (the "Indenture"), among the Trust, First Sierra, as servicer and as originator, and Bankers Trust Company, as indenture trustee (the "Indenture Trustee").
If a prepayment charge is waived as permitted by meeting the standards described above, then the Servicer is required to pay the amount of such waived prepayment charge, for the benefit of the Holders of the Class A-1, Class A-2, Class A-3 and Class B-3 Notes, by depositing such amount into the Protected Account together with and at the time that the amount prepaid on the related Mortgage Loan is required to be deposited into the Protected Account.
Although no transaction closely comparable to the transactions contemplated by the Indenture has been the subject of any Treasury regulation, revenue ruling, or judicial decision, subject to the assumptions and qualifications set forth below, it is our opinion that, for Federal income tax purposes, the Notes, other than the Class B-3 Notes, will be characterized as indebtedness.
All Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall be substantially in the forms set forth in Exhibits C-1, C-2, C-3 and C-4 hereto, respectively, all Class B-1 Notes shall be substantially in the form set forth in Exhibit D-1 hereto, all Class B-2 Notes shall be substantially in the form set forth in Exhibit D-2 hereto, all Class B-3 Notes shall be substantially in the form set forth in Exhibit D-3 hereto.
The Series 1997 1/N1 Notes shall be issued in three classes of Class A Notes, the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, three classes of Class B Notes, the Class B-1 Notes, the Class B-2 Notes and the Class B-3 Notes, and three classes of Class C Notes, the Class C-1 Notes, the Class C-2 Notes and the Class C-3 Notes.
The Class B-1 Notes, the Class B-2 Notes and the Class B-3 Notes will be sold pursuant to a Placement Agent Agreement, dated November __, 1998 (the "Placement Agent Agreement") by and among First Sierra and First Union (in such capacity, the "Placement Agent").
Pursuant to the Indenture, the Indenture Trustee shall, in addition to the Class B-1 Notes, issue Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes (together, the "Class A Notes" or the "Offered Notes") and the Class B-2 Notes and Class B-3 Notes (collectively with the Class B-1 Notes, the "Subordinate Notes") and pursuant to the Trust Agreement, the Owner Trustee shall issue the Trust Certificate.
The Securities Administrator shall upon Issuer Request authenticate and deliver the Class A-1, Class A-2, Class M-1, Class M-2, Class M-3, Class M-4, Class B-1, Class B-2 and Class B-3 Notes for original issue in an aggregate initial principal amount of $713,502,000.00.