Class V Notes definition

Class V Notes means the €17,100,000 Class V Deferrable Mezzanine Floating Rate Notes due 2023 issued by the Issuer;

Class V Notes means the €12,600,000 Class V Deferrable Mezzanine Floating Rate Notes due 2022 issued by the Issuer;

Class V Notes means the €10,500,000 Class V Deferrable Mezzanine Floating Rate Notes due 2021 issued by the Issuer;

Examples of Class V Notes in a sentence

• Except as described below, the Class II Notes are fully subordinated to the Class I Notes; the Class III Notes are fully subordinated to the Class I Notes and the Class II Notes; the Class IV Notes are fully subordinated to the Class I Notes, the Class II Notes and the Class III Notes; the Class V Notes are fully subordinated to the Class I Notes, the Class II Notes, the Class III Notes and the Class IV Notes; and the Class VI Subordinated Notes are fully subordinated to the Rated Notes.

• In this context, the SMM has proved an invaluable asset to the international community, who has come to view the mission as the only trustworthy “eyes and ears” on the ground in Eastern Ukraine.

• With respect to Sequential Principal Distribution Amounts, the Issuer will apply such funds in redeeming the Notes of the most senior class then outstanding (other than the Class X Notes and the Class V Notes) and, to the extent that the same are redeemed in full, the next most senior class then outstanding (other than the Class X Notes and the Class V Notes).

• If there are no Notes or Class V Notes outstanding the Trustee, in performing its duties as Trustee, will take instructions from the Secured Creditors acting together.

• In the case of a resolution in writing that is to have the same effect as an Extraordinary Resolution: not less than three-quarters in aggregate Principal Amount Outstanding of the Relevant Class of Notes or the Principal Amount Outstanding of the Class V Notes then outstanding, as applicable.

• Principal of the Class X Notes and the Class V Notes is paid solely from amounts standing to the credit of the Class X Account and the Class V Account, respectively, and therefore does not rank against any other class of Notes with respect to any amount distributable from the Collection Account to such class.

• The quorum for passing a Basic Terms Modification shall be one or more persons present and holding or representing in the aggregate not less than three-quarters of the aggregate Principal Amount Outstanding of such Class or Classes of Notes then outstanding, or holding or representing in the aggregate not less than three-quarters of the aggregate Principal Amount Outstanding of the Class V Notes then outstanding, as applicable.

• You should obtain your own legal, accounting, tax and financial advice as to the desirability of an investment in the Notes or Class V Notes, and the consequences of such an investment.GLENBEIGH SECURITIES 2018-1 DESIGNATED ACTIVITY COMPANY(Incorporated with limited liability in Ireland under number 637000) Note ClassInitial Principal Amount (EUR)Issue PriceInterest Rate/ Reference Rate The "Step-Up Date" is the Interest Payment Date falling in November 2024.

• In performing its duties as Trustee, subject to the Class V Entrenched Rights, the Trustee will not be required to take into account the interests of the Issuer or any Secured Creditor other than the Noteholders or the Class V Noteholders for as long as any of the Notes or the Class V Notes remain outstanding.

• Principal on the Class V Notes is paid solely from amounts standing to the credit of the Class V Account and such amounts are not otherwise payable or available to the other classes of Notes.See " The Structure of the Accounts" below.B. Interest Each Note will bear interest on its Principal Amount Outstanding from, and including, the Closing Date.