Class B Investor Notes definition
Examples of Class B Investor Notes in a sentence
The Class B Investor Notes are subject to all terms of the Indenture.
Subject to the subordination provisions of the Indenture, the Class A Investor Notes and the Class B Investor Notes are and will be equally and ratably secured by the Series 2010-1 Collateral pledged as security therefor as provided in the Indenture and the Series 2010-1 Indenture Supplement.
Date: CHESAPEAKE FUNDING LLC By: Name: Title: This is one of the Class B Investor Notes of a series issued under the within-mentioned Indenture.
The Class B Investor Notes shall be issued in fully registered form without interest coupons, substantially in the form set forth in Exhibit B.
The Base Indenture and the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇ Supplement are referred to herein as the “Indenture.” The Class B Investor Notes are subject to all terms of the Indenture.
As a result, if PRODUCTS are moved to a new Supplier, this agreement may, at Buyer ption, be terminated as provided at paragraph 12, Termination for Convenience.
Date: _____________ CHESAPEAKE FUNDING LLC By: Name: Title: This is one of the Class B Investor Notes issued under the within-mentioned Indenture.
The Issuer’s acceptance of funds in connection with the purchase of Class B Investor Notes on the Series 2010-1 Initial Funding Date shall constitute a representation and warranty by the Issuer to the Class B Note Purchasers as of the Series 2010-1 Initial Funding Date (except to the extent such representations and warranties are expressly made as of another date) that all of the conditions contained in this Section 2.3(f) have been satisfied.
The Series 2010-1 Investor Notes shall be issued in two classes: the first of which shall be designated as Series 2010-1 Floating Rate Asset Backed Variable Funding Investor Notes, Class A, and referred to herein as the Class A Investor Notes, and the second of which shall be designated as the Series 2010-1 Floating Rate Asset Backed Investor Notes, Class B, and referred to herein as the Class B Investor Notes.
Payment of interest on, and principal of, the Class B Investor Notes is subordinated to the payment of interest on, and principal of, the Class A-1 Investor Notes and the Class A-2 Investor Notes as provided in the Series 2002-2 Indenture Supplement.