Class J Notes definition

Class J Notes. The Class J Tenth Priority Floating Rate Capitalized Interest Term Notes due 2035, issued by the Issuer and the Co-Issuer pursuant to this Indenture.

Class J Notes means the U.S.$18,000,000 aggregate principal amount of Class J Floating Rate Deferrable Interest Notes due 2041.

Class J Notes or “Junior Notes” means the €71,844,000.00 Class J Asset Backed Variable Return Notes due July 2045 issued by the Issuer in the context of the Securitisation.

Examples of Class J Notes in a sentence

• Junior Notes Conditions Except for Junior Notes Conditions relating to theinterest/return payable on the Junior Notes, the denomination and the early redemption of the Junior Notes through the disposal of the Portfolio following full redemption of the Rated Notes, the terms and conditions of the Class J Notes are the same, mutatis mutandis, as the Rated Notes Conditions.

• The payment of interest and principal on this Note (a) as among the other Class A Notes, shall be paid in the manner and in the relative priority set forth in the Indenture, and (b) shall be senior to the payments of the principal of and interest on the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes, the Class G Notes, the Class H Notes, the Class J Notes, the Class K Notes, the Class L Notes and the Income Notes.

• Holders of the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes, the Class G Notes, the Class H Notes, the Class J Notes and the Class K Notes shall have no right to institute proceedings for the enforcement of any such payment until such time as no Class of Secured Note that is senior to such Class of them remains Outstanding, which right shall be subject to the provisions of Section 5.8, and shall not be impaired without the consent of any such Holder.

• Any purported transfer that is not in compliance with this Section 2.4 or the legends on the Indenture Issued Notes will be void ab initio, and will not operate to transfer any rights to the transferee, notwithstanding any instructions to the contrary to the Co-Issuers (in the case of the Indenture Issued Notes other than the Class H Notes and the Class J Notes) or the Issuer (in the case of the Class H Notes and the Class J Notes), the Trustee or any intermediary.

• If any Event of Default has not been cured or waived and acceleration occurs in accordance with Article 5, including as a result of an Event of Default specified in Section 5.1(f) or 5.1(g), the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes, the Class G Notes, the Class H Notes and the Class J Notes shall be paid in full before any further payment or distribution is made on account of the Class J Subordinate Interests.

More Definitions of Class J Notes

Class J Notes or “Junior Notes” means the €19,581,000.00 Class J Residential Mortgage Backed Variable Return Rate Notes due October 2060 issued by the Issuer on the Issue Date.

Class J Notes means the €89,450,000 Class J Residential Mortgage Backed Variable Return Rate Notes due June 2051 issued by the Issuer on the Issue Date.

Class J Notes means the € 20,000,000 Class J Asset Backed Partly Paid Notes due March 2036. "Class J Notes Incremental Instalment" means an amount equal to the balance between:

Class J Notes means the €170,400,000 Class J Asset Backed Variable Return Rate Notes due July 2050 issued by the Issuer on the Issue Date.

Class J Notes or “Junior Notes” means the €47,520,000 Class J Asset Backed Variable Return Notes due July 2045 issued by the Issuer on the Issue Date.

Class J Notes. The Co-Issuers’ $24,000,000 Class J Fixed Rate Secured Deferrable Interest Notes, Due March 2046.

Class J Notes means the Class J1 Notes and the Class J2 Notes.