Controlling Class of Notes definition

Controlling Class of Notes means, on any date of determination, until the Class A Notes have been paid in full, the Class A Notes, and thereafter, the Class B Notes.
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Controlling Class of Notes means the Class A Notes or, following redemption and payment in full of the Class A Notes, the Class B Notes or, following redemption and payment in full of the Class B Notes, the Class C Notes or, following redemption and payment in full of the Class C Notes, the Class D Notes or, following redemption and payment in full of the Class D Notes, the Class E Notes or, following redemption and payment in full of the Class E Notes, the Subordinated Notes.
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Examples of Controlling Class of Notes in a sentence

  • In such circumstances, the Classes of Notes will be redeemed in accordance with the Priorities of Payment, starting with the Controlling Class of Notes and ending with the Subordinated Notes (subject, in each case, to payment of all prior ranking amounts in respect of each Class of Notes due and payable by the Issuer pursuant to the Priorities of Payment).

  • Controlling Class Noteholders means the holders of the Controlling Class of Notes.

  • Prepare memorandum for distribution to each party involved, outlining special procedures required for coordination.

  • BPCA does not currently have a list of future projects that will be managed by the on-call construction managers.

  • If Noteholders representing at least 10% of the aggregate Principal Amount Outstanding of the Controlling Class of Notes then outstanding have notified the Issuer in writing that such Noteholders do not consent to the modification, then such modification will not be made unless passed by an Extraordinary Resolution of the Noteholders of the most senior Class of Notes then outstanding in accordance with Condition 12 (Meetings of Noteholders, Modification, Waiver and Substitution).

  • In such circumstances, the Classes of Notes will be redeemed in accordance with the Priorities of Payment, starting with the Controlling Class of Notes and ending with the Class E Notes (subject, in each case, to payment of all prior ranking amounts due and payable by the Issuer pursuant to the Priorities of Payment).

  • For so long as the relevant Controlling Class is not the Controlling Class of Notes, such Controlling Class, and not the Controlling Class of Notes, will be entitled to direct the acceleration of the Notes upon the occurrence of an Event of Default.

  • Each rectangle encloses block, each text with subscript is heading and each subscript number represents depth of block in the hierarchy.

  • The Trustee hereby provides notice that, by written notice dated as of June 29, 2015, which is attached hereto as Annex A (the “Issuer Notice”), the Issuer notified the Trustee that Holders of at least 66-2/3% in Aggregate Outstanding Amount of the Controlling Class of Notes have directed the Issuer to propose Dock Street Capital Management LLC (“Dock Street”) as successor collateral manager (“Replacement Manager”) under the Management Agreement.

  • See Condition 9 (Taxation).The Notes are subject to redemption at the option of the Controlling Class of Notes and the Subordinated Noteholders, in each case, acting by Extraordinary Resolution upon the occurrence of a Note Tax Event, all subject to, and in accordance with, the terms of Condition 7(d) (Redemption for Tax Reasons).

Related to Controlling Class of Notes

  • Controlling Class means (a) the Outstanding Class A Notes, (b) if no Class A Notes are Outstanding, the Outstanding Class B Notes and (c) if no Class B Notes are Outstanding, the Outstanding Class C Notes.

  • Class of Notes means each of the Classes of Notes being:

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Existing Class means any Existing Term Loan Class and any Existing Revolving Credit Class.

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Controlling Class Representative shall have the meaning assigned to the term “Directing Certificateholder” in the Lead Securitization Servicing Agreement.

  • Voting Classes means Classes 4 and 5.

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Outstanding Notes shall have the meaning set forth in Section 7.9(ii).

  • Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Non-Lead Securitization Subordinate Class Representative means the holders of the majority of the class of securities issued in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class Representative.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Majority in Interest of Noteholders means, as of a particular date of determination and subject to Section 2.16 of the Indenture, the holders of at least a majority in aggregate unpaid principal amount of all Equipment Notes outstanding as of such date (excluding any Equipment Notes held by the Company or any Affiliate thereof, it being understood that a Pass Through Trustee shall be considered an Affiliate of the Company as long as more than 50% in the aggregate face amount of Pass Through Certificates issued by the corresponding Pass Through Trust are held by the Company or an Affiliate of the Company or a Pass Through Trustee is otherwise under the control of the Company or such Affiliate of the Company (unless all Equipment Notes then outstanding are held by the Company or any Affiliate thereof, including the Pass Through Trustees which are considered Affiliates of the Company pursuant hereto)); provided that for the purposes of directing any action or casting any vote or giving any consent, waiver or instruction hereunder, any Noteholder of an Equipment Note or Equipment Notes may allocate, in such Noteholder’s sole discretion, any fractional portion of the principal amount of such Equipment Note or Equipment Notes in favor of or in opposition to any such action, vote, consent, waiver or instruction.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Class E Note Balance means, at any time, the Initial Class E Note Balance reduced by all payments of principal made prior to such time on the Class E Notes.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Initial Class D Note Balance means $13,564,000.