Examples of Series of Class A Notes in a sentence
Subordination of Notes Holders of a Series of Class B Notes will bear more credit risk with respect to the Issuer than holders of a Series of Class A Notes and will incur losses, if any, prior to holders of a Series of Class A Notes because of the subordination of the Series of Class B Notes in relation to the Series of Class A Notes.
No payment of interest will be made on each Series of Class B Notes until all of the Issuer’s expenses (including applicable fees for Agents), and all interest on each Series of Class A Notes are paid in full, and no payment of principal will be made on a Series of Class B Notes until the principal amount of each Series of Class A Notes is paid in full.
Thereafter, payments on each Series of Class B Notes will be made from any amounts remaining from the Available Distribution Amount after the payment of principal on each Series of Class A Notes until the Note Principal Amount Outstanding of each Series of Class B Notes equals the Class B Targeted Note Balance.
Thereafter, payments of principal on each Series of Class B Notes will be made from any amounts remaining from the Available Distribution Amount after the payment of principal on each Series of Class A Notes until the Note Principal Amount Outstanding of each Series of Class B Notes equals the Targeted Remaining Class B Note Balance.
The Global Notes will be authenticated manually by or on behalf of the Principal Paying Agent by the signature of any authorised signatory or any other person duly authorised for the purpose by the Principal Paying Agent on the face of such Global Note, and the Global Notes representing the relevant Series of Class A Notes shall be effectuated by the Common Safekeeper acting on the instructions of the Principal Paying Agent.
On any Monthly Payment Date falling within the Revolving Period (to the exclusion of the Closing Date), the FCT shall be entitled to issue further Series of Class A Notes and Class B Notes in order to finance the acquisition of further Eligible Receivables on such relevant Monthly Payment Date or, as the case may be, to repay any outstanding Series of Notes if their Expected Maturity Date falls on such Monthly Payment Date.
This Work Order will be charged against Ranger’s $11 million allocation of the $14 million Contract.
The proceeds of such sale, disposition or liquidation shall be applied on the first Distribution Date following receipt to the repayment of the outstanding Principal Amount of the Class A Notes of such Series (determined after giving effect to any payments on such Distribution Date under Article IV hereof) plus unpaid interest thereon to the date of payment at the Interest Rate for such Series of Class A Notes.
On a given Issue Date falling within the Revolving Period, all Class A Notes issued on that date will constitute one or several Series of Class A Notes, which shall be identified by means of: a four digit number representing the year on which the Series was issued, in the following format: Series "20xx", followed by: the number of such Series in respect of the relevant year, in the following format "y".
During 2017, the Company increased the existing Series of Class A Notes for a total amount of EUR 131.4 million and the Series of Class B Notes for a total amount of EUR 11.8 million.