Pari Passu Class definition

Pari Passu Class. With respect to any specified Class of Securities, each Class of Securities that ranks pari passu to such Securities, as indicated in Section 2.3.

Pari Passu Class. With respect to any specified Class of Notes, each Class of Notes that ranks pari passu to such Class, as indicated in Section 2.3.

Pari Passu Class means, with respect to any Class of Notes, each Class of Notes specified as such in Section 2.3.

Examples of Pari Passu Class in a sentence

• With respect to any specified Class or Classes of Secured Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Notes of such Class or Classes, each Priority Class of Secured Notes and each Pari Passu Class of Secured Notes.

• For purpose of exercising any rights to consent, give direction or otherwise vote, any Pari Passu Class will be treated as a single Class in each case except as expressly provided herein.

• With respect to any specified Class or Classes of Rated Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Rated Notes of such Class and each Pari Passu Class and Priority Class.

• With respect to any specified Class or Classes of Rated Notes as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Rated Notes of such Class or Classes, each Priority Class of Rated Notes and each Pari Passu Class of Rated Notes; provided that the Class X Notes will not be included for purposes of calculating the Overcollateralization Ratio.

• With respect to any specified Class or Classes of Secured Notes, as of any date of determination, the percentage derived from: (i) the Adjusted Collateral Principal Amount on such date divided by (ii) the Aggregate Outstanding Amount on such date of the Secured Notes of such Class or Classes and each Priority Class of Secured Notes and each Pari Passu Class of Secured Notes.

More Definitions of Pari Passu Class

Pari Passu Class. With respect to any specified Class of Debt, each Class of Debt that ranks pari passu to such Class, as indicated in Section 2.3.

Pari Passu Class. With respect to any specified Class of Secured Debt, each Class of Secured Debt that ranks pari passu to such Class of Secured Debt, as indicated in Section 2.3.

Pari Passu Class has the meaning given to it in Clause 24.2(b);

Pari Passu Class means all Pari Passu Lenders which have made available Pari Passu Debt under or in connection with the same Pari Passu Document and have equal rights to vote for, or instruct the relevant Pari Passu Agent to, accelerate that Pari Passu Debt.

Pari Passu Class. With respect to any specified Class of Obligations, each Class of Obligations that ranks pari passu to such Class, as indicated in Section 2.3.

Pari Passu Class. With respect to any specified Class of Notes, each Class of Notes that ranks pari passu in Order of Priority to such Class.

Pari Passu Class. With respect to any specified Class of Notes, each Class of Notes that ranks pari passu to such Class, as indicated in Section 2.3. “Partial PIK Obligation”: Any Collateral Obligation with respect to which (i) the related Underlying Instruments require a portion of the interest due thereon to be paid in cash on each payment date therefor and do not permit such portion to be deferred or capitalized, (ii) such Underlying Instruments permit the Obligor thereon to defer or capitalize the remaining portion of the interest due thereon, and (iii) (x) if such Collateral Obligation is a Fixed Rate Obligation, the interest rate applicable thereto required to be paid in cash is greater than the interpolated swap rate, or (y) if such Collateral Obligation is a Floating Rate Obligation, the interest rate applicable thereto