RC2 Residual Certificates definition

RC2 Residual Certificates means the RC2a Residual Certificates and the RC2b Residual Certificates;

RC2 Residual Certificates means the RC2a Residual Certificates and the RC2b Residual Certificates.

Examples of RC2 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.

• To the extent that the Issuer does not have sufficient funds to satisfy its obligations to all its creditors, the holders of the lower ranking Notes and the RC2 Residual Certificates will be the first to see their claims against the Issuer unfulfilled.

• 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.

• 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.

• To the extent that the Issuer does not have sufficient funds to satisfy its obligations to all of its creditors, the holders of the lower ranking Notes and the RC2 Residual Certificates will be the first to see their claims against the Issuer unfulfilled.

• 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 Certificates (the "Certificates Conditions") and the Transaction Documents.