Most Senior Class definition

Most Senior Class means, the Class A Notes whilst they remain outstanding and thereafter the Class B Notes whilst they remain outstanding and thereafter the Class C Notes whilst they remain outstanding and thereafter the Class D Notes;

Most Senior Class has the same meaning as in the Trust Deed;

Most Senior Class has the meaning ascribed thereto in the Conditions for so long as the Notes remain outstanding, or, after the Notes have been redeemed in full, the Residual Certificates Conditions.

Examples of Most Senior Class in a sentence

• If the Issuer has not appointed a new security trustee prior to the expiry of the notice period given by the Security Trustee, the Security Trustee shall be entitled to nominate a replacement, being a Trust Corporation provided such appointment will not take effect unless approved by Extraordinary Resolution of the Most Senior Class.

• The holders of the Most Senior Class may, by Extraordinary Resolution, remove all trustee or trustees (but not some only) for the time being of this Deed and the Trust Deed.

• The power of appointing a new security trustee shall be vested in the Issuer, provided that such appointment must be approved by an Extraordinary Resolution of the holders of the Most Senior Class and in writing by each Secured Creditor (such approval not to be unreasonably withheld or delayed).

More Definitions of Most Senior Class

Most Senior Class. The Class A Notes, or after the Class A Notes have been paid in full, the Class of Subordinate Notes then outstanding with the lowest numerical designation.

Most Senior Class. . . . . . . . . . . . . . . . means (i) so long as any Class A-1 Bond or Class A-2

Most Senior Class means the Class A Bonds for so long as there are any Class A Bonds outstanding and thereafter the Class B Bonds for so long as there are any Class B Bonds outstanding and thereafter the Subordinated Bonds for so long as there are any Subordinated Bonds outstanding.

Most Senior Class. The Class A Bonds or after the Class A Bonds have been paid in full, the Class of Mezzanine Bonds then Outstanding with the lowest numerical designation.

Most Senior Class means, in respect of the Notes, the Class A Notes or, if there are no Class A Notes then outstanding, the Class Z Notes or, if there are no Class A or Class Z Notes then outstanding, the Class X Notes;

Most Senior Class means the Class A Notes or, if there are no Class A Notes then outstanding, the Class B Notes then outstanding or, if there are no Class A Notes or Class B Notes then outstanding, the Class C Notes then outstanding.

Most Senior Class means, in respect of the Notes, the Class A Notes or, if there are no Class A Notes then outstanding, the Class Z Notes or, if there are no Class A or Class Z Notes then outstanding, the Class X Notes; Non-DD CMF 2024-1 Collection Account means the account with account number and