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).