Class X means Shares that have been designed to accommodate an alternative charging structure whereby instead of an annual management fee charge to the Fund, the investor is invoiced directly by the ACD as set out in the agreement between the ACD and each Eligible Shareholder.
Class X. Any one of the Class X Certificates as designated on the face thereof substantially in the form annexed hereto as Exhibit C-4, executed by the Trustee on behalf of the Trust and authenticated and delivered by the Certificate Registrar, representing the right to distributions as set forth herein and therein.
Class X. Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.
Examples of Class X in a sentence
Such certificates shall be from companies with a general rating of A and a financial size category of Class X or better, in Best's Insurance Guide.
More Definitions of Class X
Class X. Class X-Y," "Class B," "Cxxxx X," "Xxxxx D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class P," "Class EI," "Class R-I," "Class R-II" and "Class R-III," respectively, on the face thereof, in substantially the form attached hereto as Exhibits A-1 through A-27.
Class X means either Class A, Class B, Class C or Class D. “Mid-point Recovery Value” is calculated based on the relevant In-scope Creditors’ claims multiplied by the Mid-Point Recovery Rate, where: "Mid-point Recovery Rate" means average of (a) weighted average liquidation recovery rate in the high case scenario (“High Case Recovery Rate”) and (b) weighted average liquidation recovery rate in the low case scenario (“Low Case Recovery Rate”), of the relevant In-scope Creditors’ claims provided in the liquidation analysis report prepared by an independent liquidation analysis service provider (the “Independent Liquidation Analysis Service Provider”). The Class Allocation Ratio for each class of In-scope Creditors is set out in the table below. The Class Allocation Ratio for each class of In-scope Creditors may be modified according to the final liquidation analysis report prepared by the Independent Liquidation Analysis Service Provider (the “Liquidation Analysis Report”), provided that the New Debts offered to Class A Creditors shall be no less than US$1,315 million and the New Debts offered to Class A Creditors, Class B Creditors, Class C Creditors and Class D Creditors shall be adjusted accordingly in proportion to the Class Allocation Ratio for each class as modified by the Liquidation Analysis Report. Exchange Rate For purpose of calculating the In-scope Creditors’ claims and the Restructuring Consideration, 1.00 U.S. dollar shall be translated at a fixed rate of 7.82 Hong Kong dollars.
Class X means pertaining to each Class of Class A Certificates, Class M Certificates, Class B and/or Class X Certificates, as the case may be.
Class X means Shares that hav e been designated to accommodate an alternativ e charging structure whereby instead of an annual management fee charged to the Fund, the Shareholder is invoiced directly by the ACD as set out in the agreement betw een the ACD and each Eligible Shareholder.