Examples of Privately Offered Notes in a sentence
Privately Offered Notes may solely be issued, transferred and exchanged in the form of Definitive Notes.
Prior to a REMIC conversion no transfer, sale, pledge or other disposition of the Certificate or interest herein shall be made unless the intended transferee certifies in the form of Exhibit H hereto to the Owner Trustee, the Certificate Registrar, and the Indenture Trustee that, in connection with the transfer, it will acquire both the Trust Certificate and a 100% Percentage Interest in each Class of Privately Offered Notes then Outstanding, thus becoming a Single Owner upon completion of the transfer.
The Issuer shall, and shall cause the Securities Administrator and the Indenture Trustee to, treat the Notes (other than the Privately Offered Notes and the Retained Notes during the time they are retained by the holder of the Ownership Certificate) as indebtedness for all federal, state and local tax purposes.
Violations are classified into broad categories of infractions based on progressive degrees of severity.
Interest shall be computed on each Class of Class A Notes on the basis of a 360-day year and the actual number of days elapsed in each Accrual Period and in the case of the Privately Offered Notes, based on a 360-day year consisting of twelve (12) thirty (30) day months.