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

Examples of Most Senior Class of Notes in a sentence

• In exercising its discretion as to whether or not to give an Enforcement Notice to the Issuer in respect of the Most Senior Class of Notes, the Security Trustee shall not be required to have regard to the interests of the holders of any Class of Notes ranking junior to the Most Senior Class of Notes.

• 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.

• Interest Deferral Interest due and payable on the Most Senior Class of Notes will notbe deferred.

• If there is a conflict of interest between any Classes of Noteholders, the Security Trustee shall have regard only to the interests of the holders of the Most Senior Class of Notes.

• 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.

More Definitions of Most Senior Class of 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 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.

Most Senior Class of Notes means at any time:

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 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

Most Senior Class of Notes means the Class A Notes while they remain outstanding; where no Class A Notes are outstanding, the Class B Notes while they remain outstanding; where no Class B Notes are outstanding, the Class C Notes while they remain outstanding; and where no Class C Notes are outstanding the Class D Notes while they remain outstanding.

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