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 particular, payments in respect of the Class I Notes are generally higher in the Priorities of Payment than those of the Class II Notes, the Class III Notes, the Class IV Notes, the Class V Notes and the Class VI Subordinated Notes.
Part of the subscription of Class V Notes was carried out through the payment in Class III Notes, with a face value of $ 20,622.
On January 30, 2014, the Company issued Class V Notes, in two Series: Series I for $ 101,800, maturing on July 31, 2015, and Series II, for $ 78,200, maturing on January 31, 2017, both with interest paid on a quarterly basis from April 30, 2014.
Payments of principal and interest (if any) on the Class V Notes will rank pari passu in right of payment as between themselves but will be subordinated in right of payment of principal and interest to each of the other Priority Notes and senior in the right of payment to payments of principal and interest on the Subordinated Notes except in circumstances where there is a breach of the Class V Par Value Test.
Payments of principal and interest (if any) on the Class I-B Notes will rank pari passu in right of payment as between themselves but will be subordinated in right of payment to payments of principal and interest on the Class I-A Notes and senior in right of payments to payments of principal and interest on the Class II Notes, the Class III Notes, the Class IV Notes, the Class V Notes and the Subordinated Notes.
The Class X Notes and Class V Notes will not otherwise be subject to redemption prior to theirmaturity, mandatory redemption or the enforcement in full of the Notes, unless (a) the principal balance of the Loan has been reduced to zero or (b) after payment in full of the Class A Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes and Class F Notes.
The successful bidder’s transport vehicles shall be weighed empty at the beginning of the contract period and a numbered decal shall be assigned and placed on each transport vehicle (to shorten the weighing process).
Payments of principal and interest (if any) on the Class II Notes will rank pari passu in right of payment as between themselves but will be subordinated in right of payment to payments of principal and interest in respect of the Class I Notes and senior in right of payment to payments of principal and interest on the Class III Notes, the Class IV Notes, the Class V Notes and the Subordinated Notes.
Payments of principal and interest (if any) on the Class III Notes will rank pari passu in right of payment amongst themselves but will be subordinated in right of payment to payments of principal and interest in respect of the Class I Notes and the Class II Notes and senior in right of payment to payments of principal and interest on the Class IV Notes, the Class V Notes and the Subordinated Notes.