Examples of Series of Class B 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.
Each Series of Class B Notes will be issued in denominations of Euro 1,000.
On each Payment Date, to the extent of the respective Available Distribution Amount in accordance with the Order of Priority of distributions set forth below, the Issuer will pay to the holders of any Series of Class B Notes which are an Amortising Series of Class B Notes an aggregate amount in respect of principal equal to the Class B Amortisation Amount.
Each Global Note for any Series of Class B Notes shall be deposited with a Common Depositary for Clearstream, Luxembourg and Euroclear and be held in book-entry form only (each such nominee, respectively, the "Registered Holder").
Each Global Note for any Series of Class B Notes shall be deposited with a Common Depositary for Clearstream, Luxembourg and Euroclear and be held in book-entry form only.
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.
With respect to the obligation of the Issuer to pay interest on the Notes, the Conditions provide that the Class A Notes will rank pari passu and without any preference or priority among themselves; each Series of Class B Notes will rank pari passu and without any preference or priority among themselves but will be subordinated to the Class A Notes.
Issue Dates A Series of Class A Notes or Class B Notes may be issued on any Payment Date falling (i) in the case of Further Notes of an existing Series of Class A Notes or an existing Series of Class B Notes prior to (but excluding) the Series Revolving Period Expiration Date applicable to such Series, or (ii) in the case of Further Notes of a different Series on any Payment Date prior to the Programme Maturity Date (each such Payment Date a "Further Issue Date").
With respect to the obligation of the Issuer to repay principal on the Notes, the Conditions provide that the Class A Notes will rank pari passu and without any preference or priority among themselves; each Series of Class B Notes will rank pari passu and without any preference or priority among themselves but will be subordinated to the Class A Notes.