Most Senior Class of Notes definition

Most Senior Class of Notes means the Class A Notes or, upon redemption in full of the Class A Notes, the Class B Notes.

Most Senior Class of Notes means the Class A Notes or, upon redemption in full of the Class A Notes, the Class B Notes. Following the delivery of a Trigger Notice, without any further action or formality, on the immediately following Payment Date, and on each Payment Date thereafter, all payments of principal, interest and other amounts due with respect to the Notes and to the Other Issuer Creditors shall be made in accordance with the Acceleration Order of Priority. Cross Collateral Events If any of the following events occurs (each a “Cross CollateralEvent”):

Most Senior Class of Notes means the Class A Notes while they remain outstanding and thereafter the Class B Notes while they remain outstanding and thereafter the Class C Notes while they remain outstanding and thereafter the Class D Notes while they remain outstanding and thereafter the Class E Notes while they remain outstanding and thereafter the Class F Notes.

Examples of Most Senior Class of Notes in a sentence

• However, there is no assurance that these subordination provisions will protect the holders of the more senior classes of Notes (including the Most Senior Class of Notes) from all or any risk of loss.

• The power of appointing a new director of the Security Trustee shall be vested in the board of directors of the Security Trustee, but the Security Trustee Management Agreement provides that no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution of the holders of the Most Senior Class of Notes then outstanding in accordance with the Trust Deed.

• The holders of the Most Senior Class of Notes then outstanding shall together have the power, exercisable by Extraordinary Resolution to remove any director of the Security Trustee.

• The Security Trustee shall not exercise any powers conferred upon it by Condition 16.2 (Waiver) in contravention of any express direction by an Extraordinary Resolution of the holders of the Most Senior Class of Notes or of a request or direction in writing made by the holders of not less than 25 per cent.

• For the avoidance of doubt, no such deferral of interest shall be permitted in relation to the then Most Senior Class of Notes, and failure to pay timely interest on the Most Senior Class of Notes shall constitute an Event of Default under the Notes which may result in the Security Trustee enforcing the Security.

More Definitions of Most Senior Class of Notes

Most Senior Class of Notes means, at any time:

Most Senior Class of Notes means (i) the Senior Notes, or (ii) following the redemption in full of the Senior Notes, the Junior Notes.

Most Senior Class of Notes means the Class A1 Notes or, upon redemption in full or cancellation of the Class A1 Notes, the Class B Notes or, upon redemption in full or cancellation of the Class B Notes, the Class J Notes. In the following circumstances:

Most Senior Class of Notes means the Class A Notes for so long as there are any Class A Notes outstanding, thereafter the Class B Notes for so long as there are any Class B Notes outstanding, thereafter the Class C Notes for so long as there are any Class C Notes outstanding, thereafter the Class D Notes for so long as there are any Class D Notes outstanding, thereafter the Class E Notes for so long as there are any Class E Notes outstanding and thereafter the Class F Notes;

Most Senior Class of Notes means the Class A Notes whilst they remain outstanding and thereafter the Class B Notes whilst they remain outstanding;

Most Senior Class of Notes means the Class A Notes for so long as there are any Class A Notes then outstanding and thereafter the Class B Notes for so long as there are any Class B Notes then outstanding and thereafter the Class C Notes for so long as there are any Class C Notes then outstanding and thereafter the Class D Notes for so long as there are any Class D Notes then outstanding and thereafter the Class E Notes for so long as there are any Class E Notes then outstanding and thereafter the Class F Notes for so long as there are any Class F Notes then outstanding;

Most Senior Class of Notes means at any time (a) the Class A Notes or the Class A Noteholders (if at that time any Class A Notes are outstanding); or (b) if no Class A Notes are then outstanding, the Class B Notes or the Class B Noteholders (if at that time any Class B Notes are then outstanding); or (c) if no Class A Notes or Class B Notes are then outstanding, the