Examples of Series A-1 Notes in a sentence
Interest on the Series A-1 Notes on which Assured is making guarantee payments is payable quarterly at a rate equivalent to three-month LIBOR plus 0.425%.
We have accrued this amount of cumulative interest on the Series A-1 Notes and the Series A-2 Notes in Accounts Payable and Other Liabilities in the Consolidated Balance Sheets.
Orkney Re II Event of Default, Acceleration and Foreclosure Orkney Re II has been unable to make scheduled interest payments on the Series A-1 Notes and Series A-2 Notes on all scheduled quarterly interest payment dates since May 11, 2009.
The following table provides a reconciliation of the aforementioned adjustments: (U.S. dollars in thousands) Orkney Re II Event of Default, Acceleration and Foreclosure Orkney Re II has been unable to make scheduled interest payments on the Series A-1 Notes and Series A-2 Notes on all scheduled quarterly interest payment dates since May 11, 2009.
This amount of cumulative interest on the Series A-1 Notes and the Series A-2 Notes has been accrued by us in “Accounts payable and other liabilities” in the Consolidated Balance Sheets.