Examples of RCR Notes in a sentence
If on the Early Redemption Date a Class of RCR Notes is outstanding, all principal and interest amounts that are payable by Xxxxxx Xxx on the Exchangeable Notes that were exchanged for such RCR Notes will be allocated to and payable on the applicable RCR Notes.
On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Notes (without regard to any exchanges of Exchangeable Notes for RCR Notes for such Payment Date) will be increased by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of the Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(e) above.
The Issuer hereby appoints Xxxxx Fargo, acting through its Corporate Trust Office (and, as may be required by applicable law, any other corporate trust office thereof in the relevant jurisdiction), as Exchange Administrator in respect of the Exchangeable Notes and the RCR Notes, upon the terms and subject to the conditions set forth herein, and Xxxxx Fargo hereby accepts such appointment.
On the Maturity Date, Xxxxxx Xxx shall pay 100% of the Class Principal Balance as of such date to the Holders of each Class of Notes (without regard to any exchanges of Exchangeable Notes for RCR Notes), after taking into account any allocations of any Tranche Write-down Amounts and Tranche Write-up Amounts applicable to such Classes for such Payment Date.
If on the Maturity Date or any Payment Date a Class of RCR Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxx Xxx on Exchangeable Notes that were exchanged for such RCR Notes will be allocated to, and payable on, such RCR Notes.
Exhibit I-1 to the Global Agency Agreement describes the characteristics of the Exchangeable Notes and RCR Notes and the available Combinations of those Notes, as well as the applicable exchange procedures and fees.
The Exchangeable Notes and the RCR Notes, as applicable, shall be exchangeable on the books of DTC for the Exchangeable Notes or RCR Notes, as applicable, at any time on or after the Closing Date, in the combinations set forth on Exhibit I-1 hereto and in accordance with the terms and conditions set forth in, and otherwise in accordance with the procedures specified in, Section 9 hereof.
RCR Notes receive interest payments from their related Exchangeable Notes at their applicable Class Coupons.
Exchanges of Exchangeable Notes for RCR Notes, and vice versa, may occur repeatedly.
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.