RCR Notes definition
Examples of RCR Notes in a sentence
Exchanges of Exchangeable Notes for RCR Notes, and vice versa, may occur repeatedly.
RCR Notes receive interest payments from their related Exchangeable Notes at their applicable Class Coupons.
The specific Classes of Exchangeable Notes and RCR Notes that are outstanding at any given time, and the outstanding Class Principal Balances or Class Notional Amounts of those Classes, will depend on payments on or write-ups or write-downs of those Classes and any exchanges that have occurred.
The Noteholder will utilize the "Deposit and Withdrawal System" at DTC to exchange the Exchangeable Notes and/or RCR Notes.
If any RCR Notes are held by Holders, any Tranche Write-up Amount that is allocable to the related Exchangeable Notes will be allocated to increase the Class Principal Balance or Class Notional Amount, as applicable, of the RCR Notes.