Examples of Group 1 Notes in a sentence
If the Issuer elects to exercise the Group 1 Early Redemption Option with respect to the Group 1 Notes or the Group 2 Early Redemption Option with respect to the Group 2 Notes, the Issuer shall give written notice by an Authorized Officer of its intention to exercise such option to the Global Agent of the principal amount of the related Notes to be so redeemed in accordance with the Terms applicable to such Notes.
On such Payment Date, Xxxxxx Mae shall pay 100% of the outstanding Class Principal Balance of each Class of Group 1 Notes, plus accrued and unpaid interest on such Notes, together with any related unpaid fees and expenses of the Global Agent.
Group 1 Notes ...........................................................
Upon the occurrence of Credit Events affecting the Reference Obligations in Group 1 and to the extent that losses are realized with respect thereto, the Class Principal Balances of the Group 1 Notes will be subject to write-downs as further described under "Allocation of Tranche Write-down Amounts—Group 1" below.
Concurrently, the ratings assigned to outstanding Senior Secured Group 1 Notes issued by Vukile have remained unchanged and affirmed at AAA(ZA)(EL).GROUP BORROWINGS SUMMARYThe group’s funding strategy is to optimise funding costs while minimising refinance risk.
In the event that any of the Group 1 Notes, Group 2 Notes or Group 3 Notes constitutes an Undercollateralized Group (or Groups) on any Payment Date following the Senior Credit Support Depletion Date, an Undercollateralization Payment will be made from the excess of the Available Funds from the Overcollateralized Group (or Groups) remaining after all required amounts have been paid to the related Class or Classes of Offered Notes of such Overcollateralized Group.
The Group 1 Noteholder in respect of Group 1 Notes held in the Central Securities Depository in uncertificated form shall vote at any such meeting on behalf of the holders of Beneficial Interests in such Group 1 Notes in accordance with the instructions to the Central Securities Depository’s Nominee from the holders of Beneficial Interests conveyed through the Participants in accordance with the Applicable Procedures.
The Group 1 Notes, the Group 1 Certificates (other than the Class 1X-2 Certificates) and REMIC ID Regular Interest IO.
On a poll every Group 1 Noteholder, present in person or by proxy, will be entitled to to one vote in respect of each ZAR1.00 in Group 1 Notes held.
Loss Allocation Framework General Upon the occurrence of Modification Events affecting the Reference Obligations in Group 1 and to the extent that losses are realized with respect thereto, the interest entitlements of the Group 1 Notes will be subject to reduction and the Class Principal Balances thereof will be subject to write-downs as further Connecticut Avenue Securities, Series 2015-C04 CONFIDENTIAL PRELIMINARY TERM SHEETdescribed under "Allocation of Modification Loss Amounts—Group 1" below.