Special Indebtedness definition
Examples of Special Indebtedness in a sentence
Each Series 2014-2 Special Indebtedness Interest shall be substantially in the form attached as Exhibit E to the Indenture.
As promptly as practicable after the end of each Applicable Quarter, the Company’s Chief Financial Officer will execute and deliver a certificate to the Trustee stating and certifying the ratio of the Company’s Special Indebtedness to the Company’s Consolidated EBITDA with respect to each such Applicable Quarter.
Neither the Bond Administrator nor the Indenture Trustee shall have any responsibility regarding notations of payment on a Special Indebtedness Interest and shall be responsible only for maintaining its records in accordance with this Indenture.
Amounts distributed to each Class of Series 2014-2 Special Indebtedness Interests hereunder shall be payable in respect of individual Special Indebtedness Interests in proportion to the ratio obtained by dividing (i) the then outstanding principal balance of such Special Indebtedness Interest of such Class of Special Indebtedness Interests by (ii) the then outstanding Class Principal Balance of such Class of Special Indebtedness Interests.
Any transfer of the Series 2014-2 Special Indebtedness Interests shall only be in the authorized denominations set forth herein.
The Issuer shall pay any wiring or similar administrative charges that are imposed in connection with the remitting of any payments under the Series 2014-2 Special Indebtedness Interests.
The ownership and beneficial ownership of the Series 2014-2 Notes are irrevocably linked to the Series 2014-2 Special Indebtedness Interests and may not be sold, assigned, pledged or subjected to any form of a lien independently of one and another.
Both the Series 2014-2 Notes and the Series 2014-2 Special Indebtedness Interest shall have their principal balances reduced by the amount of such payments made on the Series 2014-2 Special Indebtedness Interests.
Absent manifest error, the records of the Bond Administrator shall be controlling as to payments in respect of the Series 2014-2 Special Indebtedness Interests.
Unless such designation for payment by electronic funds transfer is revoked, any such designation made by such Special Indebtedness Interestholder with respect to such Special Indebtedness Interest shall remain in effect with respect to any future payments in respect of such Special Indebtedness Interest.