Priority Class Notes definition

Priority Class Notes. Until the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes are reduced to zero and all sums payable to the Holders of the Senior Notes have been paid in full, the Senior Notes; when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes have been reduced to zero and all amounts payable to the Holders of the Senior Notes have been paid in full, the Class Ml Notes; when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes and the Class Ml Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M2 Notes; when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes, the Class Ml Notes and the Class M2 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M3 Notes; when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes, the Class Ml Notes, the Class M2 Notes and the Class M3 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M4 Notes; when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes, the Class Ml Notes, the Class M2 Notes, the Class M3 Notes and the Class M4 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M5 Notes; when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes and the Class Ml Notes, the Class M2 Notes, the Class M3 Notes, the Class M4 Notes and the Class M5 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M6 Notes; and when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes and the Class Ml Notes, the Class M2 Notes, the Class M3 Notes, the Class M4 Notes, the Class M5 Notes and the Class M6 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M7 Notes.
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Priority Class Notes. Until the Class Principal Amounts of the Senior Notes are reduced to zero and all sums payable to the Noteholders of the Senior Notes have been paid in full, the Senior Notes; when the Class Principal Amounts of the Senior Notes have been reduced to zero and all amounts payable to the Noteholders of the Senior Notes have been paid in full, the Class M Notes by Class in alphanumeric order, each until the Class Principal Amount of the applicable Class of Class M Notes has been reduced to zero and all sums payable to the Noteholders of such Class M Notes have been paid in full.
Sample 1Sample 2
Priority Class Notes. Until the Class Principal Amounts of the Senior Notes are reduced to zero and all sums payable to the Holders of the Senior Notes have been paid in full, the Senior Notes; when the Class Principal Amounts of the Senior Notes have been reduced to zero and all amounts payable to the Holders of the Senior Notes have been paid in full, the Class M1 Notes; when the Class Principal Amounts of the Senior Notes and the Class M1 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M2 Notes; when the Class Principal Amounts of the Senior Notes, the Class M1 Notes and the Class M2 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M3 Notes; when the Class Principal Amounts of the Senior Notes, the Class M1 Notes, the Class M2 Notes and the Class M3 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M4 Notes; when the Class Principal Amounts of the Senior Notes, the Class M1 Notes, the Class M2 Notes, the Class M3 Notes and the Class M4 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M5 Notes; when the Class Principal Amounts of the Senior Notes, the Class M1 Notes, the Class M2 Notes, the Class M3 Notes, the Class M4 Notes and the Class M5 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M6 Notes; when the Class Principal Amounts of the Senior Notes, the Class M1 Notes, the Class M2 Notes, the Class M3 Notes, the Class M4 Notes, the Class M5 Notes and the Class M6 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M7 Notes; when the Class Principal Amounts of the Senior Notes, the Class M1 Notes, the Class M2 Notes, the Class M3 Notes, the Class M4 Notes, the Class M5 Notes, the Class M6 Notes and the Class M7 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M8 Notes; when the Class Principal Amounts of the Senior Notes, the Class M1 Notes, the Class M2 Notes, the Class M3 Notes, the Class M4 Notes, the Class M5 Notes, the Class M6 Notes, the Class M7 Notes and the Class M8 Notes have been reduced to zero and all sums payable to the Holders of such Classes have been paid in full, the Class M9 Notes; wh...
Sample 1

Examples of Priority Class Notes in a sentence

  • Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee, or Holders of the Notes representing not less than a majority of the Outstanding Balance of the Priority Class Notes, have declared the Notes to be immediately due and payable in the manner provided in Section 5.02.

  • Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee or Holders of the Notes representing not less than a majority of the Outstanding Balance of the Priority Class Notes, have declared the Notes to be immediately due and payable in the manner provided in Section 5.02.

  • Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, or if the Indenture Trustee or Holders of the Notes representing not less than a majority of the Outstanding Balance of the Priority Class Notes have declared the Notes to be immediately due and payable in the manner provided in Section 5.02.

  • The Holders of Non Priority Class Notes shall have no right to exercise any Noteholders' rights referred to in this Article Five, except to the extent expressly provided herein.

  • The Holders of Non Priority Class Notes shall have no right to exercise any Noteholders’ rights referred to in this Article Five, except to the extent expressly provided herein.

  • The Counterparties shall have no right to enforce such lien under any circumstances except to the extent that an Event of Default has occurred hereunder and the Indenture Trustee or Holders of the Priority Class Notes have declared the Notes to be immediately due and payable as provided herein.

  • Notwithstanding the foregoing, the entire unpaid principal amount of the Notes, together with any unpaid Deferred Amounts in respect thereof, shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee or Holders of the Notes representing not less than a majority of the Outstanding Amount of the Priority Class Notes, have declared the Notes to be immediately due and payable in the manner provided in Section 5.02.

  • Non-Priority Class Note: As of any date of determination, any Outstanding Note other than the Priority Class Notes.

  • Notwithstanding the foregoing, the entire unpaid principal amount of the Notes (other than the Class P Notes) shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee or Holders of the Notes representing not less than a majority of the Outstanding Balance of the Priority Class Notes, have declared the Notes to be immediately due and payable in the manner provided in Section 5.02.

  • Notwithstanding the foregoing, the Class P Notes shall be entitled to any Premium Premiums received by the Trust, to the extent not previously paid, on the date on which an Event of Default shall have occurred and be continuing, if the Indenture Trustee or Holders of the Notes representing not less than a majority of the Outstanding Balance of the Priority Class Notes, have declared the Notes to be immediately due and payable in the manner provided in Section 5.02.


More Definitions of Priority Class Notes

Priority Class Notes. Until the Class Principal Amounts of the Class [ ] Notes are reduced to zero and all sums payable to the Holders of the Class [ ] Notes have been paid in full, the Class [ ] Notes acting as a single Class; when the Class Principal Amounts of the Class [ ] Notes are reduced to zero and all sums payable to the Holders of the Class [ ] Notes have been paid in full, each individual Class of Subordinate Notes consecutively in ascending order, starting with the Class of Subordinate Notes with the lowest numerical designation, until the Class Principal Amounts of such Class of Subordinate Notes are reduced to zero and all sums payable to the Holders thereof have been paid in full.
Sample 1
Priority Class Notes. Until the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes are reduced to zero and all sums payable to the Holders of the Senior Notes have been paid in full, the Senior Notes; when the Class Principal Amounts (or Class Notional Amounts) of the Senior Notes have been reduced to zero and all amounts payable to the Holders of the Senior Notes have been paid in full, the Class M Notes. Prospective Noteholder: Each prospective purchaser and any subsequent transferee of a Note.
Sample 1

Related to Priority Class Notes

  • Subordinated Class means, with respect to the Class A Notes, the Class B Notes.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • B Notes means each of Note B-1 and Note B-2.

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Subordinate Notes means the B Notes and the C Notes, individually or collectively, as the context may require.

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • Super Senior Certificates As specified in the Preliminary Statement.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Requisite Class Lenders means, at any time of determination (i) for the Class of Lenders having Revolving Loan Exposure, Lenders having or holding more than 50% of the aggregate Revolving Loan Exposure of all Lenders, and (ii) for the Class of Lenders having Term Loan Exposure, Lenders having or holding more than 50% of the aggregate Term Loan Exposure of all Lenders.

  • Class B Notes means the Class B 5.03% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

  • Class of Notes means each of the Classes of Notes being:

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Existing Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Subordinate Certificates As specified in the Preliminary Statement.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Noteholder Claims means all Obligations in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder.

  • Senior Certificates As specified in the Preliminary Statement.