RC1 Residual Certificates definition

RC1 Residual Certificates means the RC1a Residual Certificates and the RC1b Residual Certificates;

RC1 Residual Certificates means the RC1a Residual Certificates and the RC1b Residual Certificates.

Examples of RC1 Residual Certificates in a sentence

• The RC1 Residual Certificates and the RC2 Residual Certificates are subordinate to all payments due in respect of the Notes and certain other Secured Creditors.

• The RC1 Residual Certificates rank pro rata and pari passu without preference or priority among themselves in relation to RC1 Payments at all times and the RC2 Residual Certificates rank pro rata and pari passu without preference or priority among themselves in relation to RC2 Payments at all times, and are subordinate to all payments due in respect of the Notes, as provided in the terms and conditions of the Residual Certificates (the "Residual Certificates Conditions") and the Transaction Documents.

• No payments will be due in respect of the RC1 Residual Certificates.

• The RC1 Residual Certificates rank pro rata and pari passu without preference or priority among themselves in relation to RC1 Payments at all times and the RC2 Residual Certificates rank pro rata and pari passu without preference or priority among themselves in relation to RC2 Payments at all times, and are subordinate to all payments due in respect of the Notes, as provided in the terms andconditions of the Residual Certificates (the "Residual Certificates Conditions") and the Transaction Documents.