Examples of Tranche A-1 Notes in a sentence
The Company will authorize the issue and sale of (i) $20,000,000 aggregate principal amount of its 7.98% Series 2001-A1 Senior Notes due May 15, 2008 (the "TRANCHE A1 NOTES"), and (ii) $55,000,000 aggregate principal amount of its 8.39% Series 2001-A2 Senior Notes due May 15, 2011 (the "TRANCHE A2 NOTES" and together with the Tranche A1 Notes, the "SERIES 2001-A NOTES").
The Tranche A1 Notes and the Tranche A2 Notes shall be substantially in the forms set out in Exhibits 1-A and 1-B, respectively, with such changes therefrom, if any, as may be approved by the Purchasers and the Company.
Each Tranche A1 Notes Guarantee ranks equally with all other secured and unsubordinated obligations of the Guarantor from time to time outstanding and senior in right of payment to all obligations of the Guarantor that are expressly subordinated in right of payment to the Tranche A1 Notes (including the Tranche A2 Notes and the Tranche B Notes).
This US Tranche A1 Note and the other US Tranche A1 Notes issued pursuant to the Credit Agreement are amendments and replacements of the “US Notes” issued pursuant to the Original Credit Agreement and are not intended by the parties to be, and shall not be construed to be, a novation of the Indebtedness outstanding under the Original Credit Agreement or the “US Notes” issued thereunder or an accord and satisfaction in regard thereto.
The Tranche A2 Notes constitute direct and unconditional obligations of the Issuer, are secured in the manner set out in Condition 5 and are subordinated to the Tranche A1 Notes.
Each Tranche A1 Notes Guarantee constitutes a direct, unconditional and unsubordinated obligation of each Guarantor and is secured in the manner set out in Condition 5.
The Tranche A1 Notes will at all times rank pari passu without any preference among themselves, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application.
In accordance with Clause 9.1 (Ranking, Priority and Application of Moneys), any payments under this Condition 7 on the Tranche A2 Notes and the Tranche B Notes are subject to the payment in full of any outstanding payments under the Tranche A1 Notes and any payments on the Tranche B Notes are subject to the payment in full of any outstanding payments under the Tranche A2 Notes.
This Canadian Tranche A1 Note and the other Canadian Tranche A1 Notes issued pursuant to the Credit Agreement are amendments and replacements of the “Canadian Notes” issued pursuant to the Original Credit Agreement and are not intended by the parties to be, and shall not be construed to be, a novation of the Indebtedness outstanding under the Original Credit Agreement or the “Canadian Notes” issued thereunder or an accord and satisfaction in regard thereto.
Each Tranche A2 Notes Guarantee constitutes a direct and unconditional obligation of each Guarantor, is secured in the manner set out in Condition 5 and is subordinated to the Tranche A1 Notes Guarantee of such Guarantor.