Class E-2 Notes definition

Class E-2 Notes. The Equipment Contract Backed Notes, Series 2010-A, Class E-2 issued by LEAF Capital Funding SPE A, LLC, pursuant to the Indenture, with a maximum Outstanding Note Balance of $4,945,000, unless increased pursuant to the Optional Commitment Increase.

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Class E-2 Notes has the meaning set forth in the first recital.

Class E-2 Notes and together with the Class E-1 Notes, the “Class E Notes”); U.S.$42,500,000 Class F Deferrable Subordinate Secured Floating Rate Notes due 2035 (the “Class F Notes”); and, together with the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes the “Notes”), in each case to be issued under an Indenture, dated as of June 28, 2005 (the “Indenture”), by and among the Issuer, the Co-Issuer and JPMorgan Chase Bank, National Association, as trustee (together with any successor trustee permitted under the Indenture, the “Trustee”);

Examples of Class E-2 Notes in a sentence

• The Trustee agrees that it shall give to the Holders of the Class B Notes, the Class C Notes, the Class D Notes, the Class E-1 Notes, and the Class E-2 Notes written notice of the events described in clauses (i), (ii), and (iii) of this Section 6.16 promptly upon its receiving notice of such event or a Responsible Officer of the Trustee having actual knowledge thereof (such date of notice, the “Default Notice Date”).

• Principal payable on the Class E-2 Notes shall be payable in accordance with the Indenture; provided that, if as a result of such proration a portion of such principal would be less than $0.01, then such payment shall be decreased to the nearest whole cent, and such portion shall be applied to the next succeeding principal payment.

• Each Class E-2 Note shall represent such of the Outstanding Class E-2 Notes as are specified herein, and represents the aggregate amount of Outstanding Class E-2 Notes from time to time endorsed hereon by the Trustee, or by the Note Registrar at the direction of the Trustee, and the aggregate amount of Outstanding Class E-2 Notes represented hereby may, from time to time, be reduced or increased to represent exchanges and redemptions.

• The Class E-2 Notes are being offered and sold by the Issuer to LEAF Commercial Capital or one of its Affiliates pursuant to the Class E-2 Note Purchase Agreement.

• Each Loan Party has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

• The Collateral secures the Class E-2 Notes issued under the Indenture equally and ratably without prejudice, priority, or distinction between any Class E-2 Note and any other Class E-2 Note by reason of time of issue or otherwise, and also secures the payment of certain other amounts and certain other obligations as described in the Indenture.

• All interest and fees accrued hereunder on the Notes of each Class shall be calculated on the basis of the actual number of days elapsed during the related Interest Accrual Period and a three-hundred-sixty (360)-day year, except for interest on the Class E-2 Notes, which shall be calculated on the basis of a three-hundred-sixty (360)-day year comprised of twelve 30-day months.

• LEAF RECEIVABLES FUNDING 6, LLC By: Name: Title: This is one of the Class E-2 Notes described in the within-mentioned Indenture.

• The Definitive Notes, which shall include the Class E-2 Notes on the Closing Date, shall be typewritten, printed, lithographed or engraved or produced by any combination of these methods, all as determined by the officers executing such Notes, as evidenced by their execution of such Notes.

• Interest shall accrue on the Outstanding Note Balance of the Class E-2 Notes as of the first day of the applicable Interest Accrual Period and (to the greatest extent legally enforceable) on any overdue payment of interest from the date such interest became due and payable (giving effect to any applicable grace periods provided in the Indenture) until fully paid, at the Note Rate for the Class E-2 Notes specified in the Indenture (calculated in accordance with the Indenture).

More Definitions of Class E-2 Notes

Class E-2 Notes means the Class E-2 Deferrable Mezzanine Secured Fixed/Floating Rate Notes due November 5, 2035, issued by the Co-Issuers on the Closing Date, that bear interest at a fixed rate per annum equal to 7.201% for the period from the Closing Date to the last day of the Interest Period ending immediately prior to the Distribution Date in August 2015, and a floating rate per annum equal to LIBOR plus 2.90% at all times thereafter.

Class E-2 Notes means the Second Issuance Notes that are designated Class E-2 Notes with an initial Outstanding Principal Balance not to exceed $11,734,778, and all Notes, if any, issued in replacement or substitution therefor.

Class E-2 Notes means any Class E-2 Notes described in Article II of, and authorized by, and authenticated and delivered under, the Indenture.