Examples of Interest Only RCR Notes in a sentence
The interest payment on each of these Classes of Interest Only RCR Notes for a Payment Date represents a portion of the interest payment on the Class of Exchangeable Notes included in the related Combination for that Payment Date.
The interest payment on this Class of Interest Only RCR Notes for a Payment Date represents the portion of such interest attributable to a notional principal contract and does not constitute interest in respect of the REMIC regular interest component of the related Class or Classes of Exchangeable Notes or RCR Notes.
The interest payment on each of these Classes of Interest Only RCR Notes for a Payment Date represents a portion of the interest payments on the Classes of RCR Notes included in the related Combination for that Payment Date.
The interest payment on this Class of Interest Only RCR Notes for a Payment Date represents the portion of such interest attributable to a notional principal contract and does not constitute interest in respect of the REMIC regular interest component of the related Class of Exchangeable Notes or RCR Notes.
For any Payment Date for which SOFR is less than the applicable Negative SOFR Trigger set forth below, the interest payment on the specified Class of Interest Only RCR Notes will be calculated as the lesser of (x) the amount calculated based on the class coupon set forth above for that Class and (y) the aggregate of the interest amounts payable on the Classes of RCR Notes included in the same Combination that were exchanged for the specified Class of Interest Only RCR Notes for that Payment Date.
The interest payment on each Class of Interest Only RCR Notes for a Payment Date will be as set forth on Schedule I hereto.
Holders of RCR Notes (other than the Interest Only RCR Notes) will be entitled to exercise all the election rights with respect to the related Projected Recovery Amount or Liquidation Recovery Amount that are otherwise allocable to the related Exchangeable Notes.
Class of Interest Only RCR Notes Negative LIBOR Trigger Class M-7-X Notes .............................
Class of Interest Only RCR Notes Negative LIBOR Trigger Class 2A-I1 Notes ..............................
Class of Interest Only RCR Notes Negative SOFR Trigger Class 1A-I1 Notes .............................