Examples of Class E Trust in a sentence
The ten Classes of Trust Notes which will be issued are the Class A1a Trust Notes, the Class A1b Trust Notes, the Class A1c Trust Notes, the Class A2 Trust Notes, the Class B Trust Notes, the Class C Trust Notes, the Class D Trust Notes, the Class E Trust Notes, the Class F Trust Notes and the Class G Trust Notes.
The rights of Liberty Funding as the Class F Trust Note Holder to receive interest will be subordinated in priority of payments to the rights of Liberty Funding as the Class A Trust Note Holder, the Class B Trust Note Holder, the Class C Trust Note Holder, the Class D Trust Note Holder and the Class E Trust Note Holder to receive interest.
The rights of the Class F Trust Note Holder to receive principal repayments will be subordinated to the rights of the Class A Trust Note Holder, the Class B Trust Note Holder, the Class C Trust Note Holder, the Class D Trust Note Holder and the Class E Trust Note Holder to receive principal payments.
The rights of Liberty Funding as the Class E Trust Note Holder to receive interest will be subordinated in priority of payments to the rights of Liberty Funding as the Class A Trust Note Holder, the Class B Trust Note Holder, the Class C Trust Note Holder and the Class D Trust Note Holder to receive interest.
The Class E Trust Note Holder will not receive any interest unless Secure Funding has sufficient funds to make all payments ranking in order of priority ahead of the payment of interest to the Class E Trust Note Holder.
The rights of the Class E Trust Note Holder to receive principal repayments will be subordinated to the rights of the Class A Trust Note Holder, the Class B Trust Note Holder, the Class C Trust Note Holder and the Class D Trust Note Holder to receive principal payments if the Step Down Requirements are not satisfied on a Payment Date or following the occurrence of a Trust Event of Default and enforcement of the Trust Charge.
The rights of Liberty Funding as the Class G Trust Note Holder to receive interest will be subordinated in priority of payments to the rights of Liberty Funding as the Class A Trust Note Holder, the Class B Trust Note Holder, the Class C Trust Note Holder, the Class D Trust Note Holder, the Class E Trust Note Holder and the Class F Trust Note Holder to receive interest.
The rights of the Class G Trust Note Holder to receive principal repayments will be subordinated to the rights of the Class A Trust Note Holder, the Class B Trust Note Holder, the Class C Trust Note Holder, the Class D Trust Note Holder, the Class E Trust Note Holder and the Class F Trust Note Holder to receive principal payments.
In addition, Principal Draws, Liquidity Draws and the Guarantee Fee Reserve Account are available to ensure the timely payment of interest to the Holders of the Class A Trust Notes, the Class B Trust Notes, the Class C Trust Notes, the Class D Trust Notes, the Class E Trust Notes and the Class F Trust Notes.