Deferrable Class means each Class specified as such in Section 2.3, until such Class is the Highest Ranking Class.
Deferrable Class means, with respect to any specified Class of Notes, each Class of Notes for which interest is deferrable, as indicated in Section 2.3.
Deferrable Class. With respect to any specified Class of Debt, each Class of Debt for which interest is deferrable, as indicated in Section 2.3(b) (Authorized Amount; Stated Maturity; Denominations).
Examples of Deferrable Class in a sentence
Deferred Interest on any Deferrable Class shall be payable on the first Payment Date on which funds are available to be used for such purpose in accordance with the Priority of Payments, but in any event no later than the earlier of the Payment Date (i) which is the Redemption Date with respect to such Class of Debt and (ii) which is the Stated Maturity of such Class of Debt.
More Definitions of Deferrable Class
Deferrable Class means each of the Class B Notes, the Class C Notes and, the Class D Notes and the Class E Notes until such Class is the Highest Ranking Class.
Deferrable Class. Each of the Class C Notes, the Class D Notes and the Class E Notes. “Deferrable Security”: An obligation (other than a Partial PIK Obligation) which by its terms permits the deferral or capitalization of payment of accrued, unpaid interest. “Deferred Interest Secured Notes”: Collectively, the Class C Notes, the Class D Notes and the Class E Notes.
Deferrable Class. With respect to any specified Class of Debt, each Class of Debt for which interest is deferrable, as indicated in Section 2.3(b) (Authorized Amount; Stated Maturity; Denominations). "Deferrable Obligation": A Collateral Obligation (including any Permitted Deferrable Obligation) that by its terms permits the deferral or capitalization of payment of accrued, unpaid interest; provided that a Floating Rate Obligation that pursuant to its Underlying Instrument carries a current cash pay interest rate of not less than the Reference Rate plus 4.00% shall not constitute a Deferrable Obligation. "Deferred Interest": With respect to each Deferrable Class, the meaning specified in Section 2.7(a) (Payment of Principal and Interest and Other Amounts; Principal and Interest Rights Preserved). "Deferring Obligation": A Deferrable Obligation (excluding any Permitted Deferrable Obligation) that is deferring the payment of interest due thereon (other than