Senior Outstanding Class definition

Senior Outstanding Class means Class A Notes, or if no Class A Notes remain outstanding, Class B Notes, or if no Class A Notes or Class B Notes remain outstanding, Class C Notes, or if no Class A Notes, Class B Notes or Class C Notes remain outstanding, Class D Notes, or if no Class A Notes, Class B Notes, Class C Notes or Class D Notes remain outstanding, Intervening Notes, or if no Class A Notes, Class B Notes, Class C Notes, Class D Notes or Intervening Notes remain outstanding, Class E Subordinated Notes.
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Senior Outstanding Class. ’ means the Class A Notes or, following redemption and payment in full of the Class A Notes, the Class AB Notes or, following redemption and payment in full of the Class AB Notes, the Class B Notes or, following redemption and payment in full of the Class B Notes, the Class C Notes or, following redemption and payment in full of the Class C Notes, the Class D Notes or, following redemption and payment in full of the Class D Notes, the Class E Notes or, following redemption and payment in full of the Class E Notes, the Class F Notes or, following redemption and payment in full of the Class F Notes, the Class G Notes.
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Senior Outstanding Class means the Class A Notes, or if no Class A Notes remain outstanding, the Class B Notes, or if no Class B Notes remain outstanding, the Class C Notes, or if no Class C Notes remain outstanding, the Class D Notes, or if no Class D Notes remain outstanding, the Class E Notes, or if no Class E Notes remain outstanding, the Subordinated Notes.
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Examples of Senior Outstanding Class in a sentence

  • As noted above however, the Holders of Class A Notes (or, as the case may be, any other Senior Outstanding Class) may nevertheless not be in a position to determine the outcome of a Controlling Class decision.

  • Remedies pursued by the Trustee at the direction of the holders of the Senior Outstanding Class at any time could be adverse to the interests of the other Classes of Notes.

  • Except in certain circumstances, the Trust Deed imposes no such limitations on the powers of Holders of the Senior Outstanding Class, the exercise of which will be binding on the Holders of all other Classes of Notes, irrespective of the effect upon their interests.

  • In each such circumstance, the Classes of Notes will be redeemed in accordance with the Priorities of Payment, starting with the Senior Outstanding Class of Notes and ending with the Subordinated Notes (subject, in each case, to payment of all prior ranking amounts due and payable by the Issuer pursuant to the Priorities of Payment).

  • However, in such circumstances the Notes may be redeemed (in whole but not in part) at the option of each of the Senior Outstanding Class acting by Extraordinary Resolution and the Subordinated Noteholders acting by Extraordinary Resolution.

  • Subject as provided below, an Extraordinary Resolution passed by the Senior Outstanding Class shall be binding on the Holders of all other Classes of Notes outstanding.

  • However, in such circumstances the Notes may be redeemed (in whole but not in part) at the option of each of the holders of the Senior Outstanding Class acting by Extraordinary Resolution and the Subordinated Noteholders acting by Extraordinary Resolution.

  • If an Event of Default occurs and is continuing, the Trustee may, at its discretion and shall, at the request of the Senior Outstanding Class acting by Extraordinary Resolution, give notice to the Issuer that all the Notes are to be immediately due and payable.

  • No acceleration of the Notes shall be permitted pursuant to this Condition by any Class of Noteholders, other than the Senior Outstanding Class as provided in Condition 10(b) (Acceleration).

  • See "Condition 7(b)(ii) (Redemption at the Option of the Senior Outstanding Class Noteholders and Subordinated Noteholders)".


More Definitions of Senior Outstanding Class

Senior Outstanding Class means the Class A Notes, or if no Class A Notes remain Outstanding, the Class B Notes, or if no Class B Notes remain Outstanding, the Class C Notes, or if no Class C Notes remain Outstanding, the Class D Notes, or if no Class D Notes remain Outstanding, the Subordinated Notes and, for the purposes of this definition, any reference to the Class C Notes, the Class D Notes or the Subordinated Notes includes a reference respectively to the Class R Combination Notes, the Class P Combination Notes or the Class Q Combination Notes (as appropriate) to the extent, respectively, of the principal amount outstanding of the relevant Component of such Notes.
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Senior Outstanding Class means the most senior-ranking Class of Notes Outstanding at the relevant time, being:
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Senior Outstanding Class means the Outstanding Senior Notes or, if no Senior Notes remain Outstanding, the Subordinated Notes then Outstanding.
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Senior Outstanding Class means (subject to Condition 14(b)(vii)) the most senior-ranking Class of Notes, other than the Class S Notes, Outstanding at the relevant time (and for these purposes treating the Class A-1-D Notes, and the Class A-1-T Notes and the Class A-2 Notes as a single Class of Notes). Holders of the Class S Notes will at no time be the Senior Outstanding Class.
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Related to Senior Outstanding Class

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

  • Excess Subordinate Principal Amount With respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Class of Subordinate Certificates then outstanding with the Lowest Priority is to be reduced to zero and on which Realized Losses are to be allocated to such class or classes, the excess, if any, of (i) the amount that would otherwise be distributable in respect of principal on such class or classes of Certificates on such Distribution Date over (ii) the excess, if any, of the aggregate Certificate Principal Balance of such class or classes of Certificates immediately prior to such Distribution Date over the aggregate amount of Realized Losses to be allocated to such classes of Certificates on such Distribution Date as reduced by any amount calculated pursuant to Section 4.02(b)(i)(E). With respect to any Mortgage Pool that is comprised of two or more Loan Groups, the Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date.

  • Existing Class means any Existing Term Loan Class and any Existing Revolving Credit Class.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Aggregate Class A Unpaid Interest Shortfall As to any Distribution Date, an amount equal to the sum of the Class A Unpaid Interest Shortfalls for all the Classes of Class A Certificates.

  • Corresponding Class The class of interests in the Lower-Tier REMIC or Upper-Tier REMIC that corresponds to the class of interests in the other such REMIC or to a Class of Certificates in the manner set out below: Corresponding Corresponding Upper-Tier Corresponding Lower-Tier Class Designation Regular Interest Class of Certificates ---------------------------- ---------------- --------------------- Class LT-A-1 Class A-1 Class A-1 Class LT-A-2a Class A-2a Class A-2a Class LT-A-2b Class A-2b Class A-2b Class LT-A-2c Class A-2c Class A-2c Class LT-A-2d Class A-2d Class A-2d Class LT-M-1 Class M-1 Class M-1 Class LT-M-2 Class M-2 Class M-2 Class LT-M-3 Class M-3 Class M-3 Class LT-M-4 Class M-4 Class M-4 Class LT-M-5 Class M-5 Class M-5 Class LT-M-6 Class M-6 Class M-6 Class LT-B-1 Class B-1 Class B-1 Class LT-B-2 Class B-2 Class B-2 Class LT-B-3 Class B-3 Class B-3 N/A Class X Class X

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Class P Principal Amount As of the Closing Date, $100.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Outstanding Credit Exposure means, as to any Lender at any time, the sum of (i) the aggregate principal amount of its Revolving Loans outstanding at such time, plus (ii) an amount equal to its Pro Rata Share of the aggregate principal amount of Swing Line Loans outstanding at such time, plus (iii) an amount equal to its Pro Rata Share of the LC Obligations at such time.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Controlling Class means (a) the Outstanding Class A Notes, (b) if no Class A Notes are Outstanding, the Outstanding Class B Notes and (c) if no Class B Notes are Outstanding, the Outstanding Class C Notes.

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).