ERISA Restricted Notes definition

ERISA Restricted Notes means the Class E Notes and the Subordinated Notes.

ERISA Restricted Notes. The Subordinated Notes.

ERISA Restricted Notes means the Class B-2L, the Class B-3L Notes and the Subordinated Notes.

Examples of ERISA Restricted Notes in a sentence

• No transfer of any ERISA Restricted Note (or any interest therein) will be effective, and the Collateral Trustee will not recognize any such transfer, if after giving effect to such transfer 25% or more of the total value of each class of the ERISA Restricted Notes would be held by Persons who have represented that they are Benefit Plan Investors, disregarding ERISA Restricted Notes held by Controlling Persons.

• Each Person who becomes an owner of an ERISA Restricted Note in the form of a Certificated Note will be required to make the representations and agreements set forth in Exhibit B-5 (or in the case of the initial purchasers of the ERISA Restricted Notes on the 2023 Closing Date an investor representation letter).

• ERISA Restricted Notes in the form of Global Notes may not be acquired or transferred to Benefit Plan Investors or Controlling Persons, other than in the case of an ERISA Restricted Notes acquired on the 2023 Closing Date from the Issuer or the Initial Purchaser where such Benefit Plan Investor or Controlling Person has provided a representation letter to the Issuer certifying as to its status as a Benefit Plan Investor or a Controlling Person.

More Definitions of ERISA Restricted Notes

ERISA Restricted Notes. Each Class of Notes identified as "ERISA Restricted" in Section 2.3(b) (Authorized Amounts; Stated Maturity; Denominations).

ERISA Restricted Notes. Any Note that does not satisfy the applicable rating requirement under the Underwriter’s Exemption.

ERISA Restricted Notes. Any of the Class IN, Class IX, Class IIN, Class IIX, Class R and Class R-4 Notes.

ERISA Restricted Notes. Each Class of Notes identified as "ERISA Restricted" in Section 2.3(b) (Authorized Amounts; Stated Maturity; Denominations). "ESG Prohibited Obligation": Any Collateral Obligation of an obligor whose Principal Business is directly derived from any of the following activities of such obligor: (a) the production or marketing of controversial weapons (including antipersonnel landmines, cluster weapons or nuclear, chemical or biological weapons) or the development of nuclear weapons programs, (b) the production or marketing of thermal coal, (c) the exploration, production or transportation of oil from oil sands or unconventional oil and gas extraction, (d) the production of tobacco, (e) the production of or trade in pornography or prostitution, (f) the trade in endangered or protected wildlife or (g) the provision of services related to payday lending. "EU Securitization Regulation": The European Union Regulation 2017/2402 as amended, varied or substituted from time to time, including (i) any technical standards thereunder as may be effective from time to time and (ii) any guidance relating thereto as may from time to time be published by an EU regulator. "EU/UK Retained Interest": The meaning assigned in the Risk Retention Letter. "EU/UK Retention Holder": Barings Private Credit Corporation. "Euroclear": Euroclear Bank S.A./N.V. "Event of Default": The meaning specified in Section 5.1 (Events of Default). "Excepted Property": The meaning assigned in the Granting Clauses hereof. "Excess CCC Adjustment Amount": As of any date of determination, an amount equal to the excess, if any, of: (a) the Aggregate Principal Balance of all Collateral Obligations included in the CCC Excess; over

ERISA Restricted Notes. Means the Issuer-Only Notes.

ERISA Restricted Notes. The Class E Notes, the Class F Notes, the Subordinated Notes and the Reinvesting Holder Notes.

ERISA Restricted Notes. The Subordinated Notes. “ESG Collateral Obligation”: Any debt obligation or debt security where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is any of the following: (i) the production of or trade in controversial weapons or the production of or trade in components or services that have been specifically designed or designated for military purposes for the functioning of controversial weapons; (ii) firearms; (iii) the manufacturing or trade in tobacco or tobacco-related products; (iv) opioid drug manufacturing and distribution; (v) the production of or trade in pornography, adult entertainment or prostitution; (vi) the extraction of thermal coal, fossils fuels from unconventional sources (including artic drilling, tar sands, shale oil and shale gas) or other fracking activities, or coal mining and/or coal based power generation;