Series 2 Class M Notes definition

Series 2 Class M Notes means the (euro)[45,000,000] Series 2 Class M floating rate notes due March 2044;

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Series 2 Class M Notes means the A53,500,000 Series 2 Class M floating rate notes due June 2044;

Series 2 Class M Notes means the $[58,600,000] Series 2 Class M floating rate notes due September 2044;

Examples of Series 2 Class M Notes in a sentence

Repayment of principal in respect of the Controlled Amortisation Amount on the Series 1 Class M Notes, the Series 2 Class M Notes and the Series 3 Class M Notes will be made in no order of priority among them but in proportion to the respective Controlled Amortisation Amounts due on the Class M Notes.
Among the Series 2 Notes, payments of interest on the Series 2 Class A Notes will be made ahead of payments of interest on the Series 2 Class B Notes, the Series 2 Class M Notes and the Series 2 Class C Notes, payments of interest on the Series 2 Class B Notes will be made ahead of payments of interest on the Series 2 Class M Notes and the Series 2 Class C Notes and payments of interest on the Series 2 Class M Notes will be made ahead of payments of interest on the Series 2 Class C Notes.
If any Class A Notes are outstanding and the Issuer Arrears Test, the Issuer Reserve Requirement and the Subordinated Principal Test (as specified in the Current Issuer Cash Management Agreement) are not satisfied on the relevant Payment Date, no amount of principal will be payable in respect of the Class B Notes, the Series 2 Class M Notes or the Class C Notes.
However, repayment of principal in respect of the Controlled Amortisation Amount on the Class B Notes will be made ahead of repayment of principal in respect of the Controlled Amortisation Amount on the Series 2 Class M Notes.
These payments of interest will be made ahead of payments of interest on the Series 2 Class M Notes and the Class C Notes of each series.
It is possible that all or any part of any interest due on the Class B Notes, the Series 2 Class M Notes or the Class C Notes, as the case may be, may never be paid if there are insufficient funds available (subject to and in accordance with the relevant Current Issuer Priority of Payments) to fund the payment of such interest after paying amounts of a higher priority.
These payments of interest will be made ahead of payments of interest on the Series 1 Class B Notes, the Series 2 Class B Notes, the Series 2 Class M Notes and the Class C Notes of each series.
Payments of interest on the Series 2 Class M Notes will be made ahead of payments of interest on the Class C Notes of each series.
Repayment of principal in respect of the Controlled Amortisation Amount on the Series 2 Class M Notes will be made ahead of repayment of principal in respect of the Controlled Amortisation Amount on the Class C Notes.
Party B exercises its option to redeem the Series 2 Class M Notes in whole in accordance with the provisions of Condition [5(E)] of the Offered Issuer Notes." In connection with this Additional Termination Event, Party B shall be the sole Affected Party and all Transactions shall be Affected Transactions.

More Definitions of Series 2 Class M Notes

Series 2 Class M Notes means the $57,900,000 Series 2 Class M floating rate notes due September 2044;

Series 2 Class M Notes means the notes each comprising the (euro)45,000,000 Floating Rate Notes due March 2044 constituted by the Current Issuer Trust Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and for the time being outstanding or, as the case may be, a specific number thereof and including any replacement Series 2 Class M Notes issued pursuant to Condition 13 and (except for the purposes of Clause 3.1 (Global Note Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the Current Issuer Trust Deed) the Series 2 Class M Global Note Certificate for so long as it has not been exchanged in accordance with the terms thereof;

Series 2 Class M Notes. ’ means the A45,000,000 Series 2 Class M floating rate notes due March 2044;