TRS Noteholding definition

TRS Noteholding means, at any time, the number of Notes held by the TRS Counterparty or any Affiliate at such time, which are designated by the TRS Counterparty on the Issue Date as forming part of the TRS Noteholding ("Designated Notes") and any other Notes which the TRS Counterparty or any Affiliate subsequently purchases and notifies the Issuer and the Repo Counterparty (if any) that such Notes shall form part of the TRS Noteholding ("Notified TRS Notes") less any number of Notes which were Notified TRS Notes or Designated Notes but which the TRS Counterparty or any Affiliate thereof sells to investors and notifies the Issuer and the Repo Counterparty that such Notes shall no longer form part of the TRS Noteholding. Upon delivery by the TRS Counterparty to the Issuer under the Total Return Swap Agreement of the Notes forming the TRS Noteholding following termination of such Total Return Swap Agreement, the TRS Noteholding will be zero.
Sample 1Sample 2
TRS Noteholding means, in respect of any Class of Notes at any time, the Outstanding Nominal Amount of the aggregate amount of Notes of such Class held by the Dealer or any affiliate at such time and designated at such time by the Swap Counterparty as forming part of the "TRS Noteholding".
Sample 1Sample 2
TRS Noteholding means, at any time, the Outstanding Nominal Amount of the Notes held by the Swap Counterparty or any affiliate at such time and designated at such time by the Swap Counterparty as forming part of the "TRS Noteholding".
Sample 1

Examples of TRS Noteholding in a sentence

  • Each Total Return Swap relates to the Notes of the related Class which are held by the Dealer or any affiliate at any time and designated at such time by the TRS Counterparty as forming part of the "TRS Noteholding".

  • TRS Noteholding: shall have the meaning given to it in Condition 2 of the Notes in respect of the Applicable Class.

  • On each Issue Date, the Issuer pays to the Swap Counterparty under each related Total Return Swap an amount equal to the issue amount of the Notes of the related Class purchased by the Swap Counterparty or any affiliate and forming part of the related TRS Noteholding on such Issue Date and not sold by the Swap Counterparty to investors on such date.

  • Each Total Return Swap relates to the Notes of the related Class which are designated at such time by the Swap Counterparty as forming part of the "TRS Noteholding".

  • On each date on which interest is payable under any Class of Notes, the Swap Counterparty will pay to the Issuer under the related Total Return Swap an amount equal to the portion of such interest relating to the related TRS Noteholding as at the relevant Interest Payment Date.

  • Following the TRS Counterparty or any affiliate selling any Notes which form part of the TRS Noteholding on any date after the Issue Date, certain other payments will be made to the Issuer under the Total Return Swap Agreement (as set out under "Description of the Total Return Swap Agreement" below) and the purchase price of the Repurchase Agreement and the notional amount of the Interest Rate Swap Agreement will be adjusted to reflect such sale on the date thereof.

  • Party A will notify the Portfolio Manager and the Portfolio Administrator on the same date on which it notifies Party B of any decrease in the TRS Noteholding in respect of any Class as a result of a sale by Party A of Notes of such Class in accordance with the terms of the relevant Total Return Swap Agreement.

  • On the Maturity Date of the Notes of any Class, the Swap Counterparty will pay to the Issuer under the related Total Return Swap an amount equal to the Final Redemption Amount in respect of the TRS Noteholding of such Class of Notes.

  • Fixed Amount For the purposes of determining the Fixed Amount due from the Currency Swap Counterparty to the Issuer on any Fixed Amount Payment Date, (i) no account shall be taken of any Notes which form part of the TRS Noteholding as at the relevant Fixed Amount Payment Date and (ii) the reference to "scheduled amounts of interest due to be paid" in OCS Sub-Module 2.A.1 shall be deemed to include any Additional Interest Amounts payable by the Issuer under the Notes.

  • Each Total Return Swap relates to the Notes of the related Class which are held by the Swap Counterparty or any affiliate at any time and designated at such time by the Swap Counterparty as forming part of the "TRS Noteholding".


More Definitions of TRS Noteholding

TRS Noteholding means in respect of any Class of Notes at any time, the Notes of such Class held by the TRS Counterparty or any Affiliate at such time, which are designated by the TRS Counterparty on the Issue Date as forming part of the TRS Noteholding ("Designated TRS Notes") and any other Notes of the relevant Class which the TRS Counterparty or any Affiliate subsequently purchases and notifies the Issuer and the Repo Counterparty that such Notes shall form part of the TRS Noteholding ("Notified TRS Notes") less any Notes of the relevant Class which were Notified TRS Notes or Designated TRS Notes but which the TRS Counterparty or any Affiliate thereof sells to investors and notifies the Issuer and the Repo Counterparty that such Notes shall no longer form part of the TRS Noteholding. In respect of any Class of Notes, upon delivery by the TRS Counterparty to the Issuer under the Total Return Swap Agreement of the Notes forming the TRS Noteholding in whole on termination of the Total Return Swap Agreement, the TRS Noteholding in respect of each relevant Class will be zero.Credit Default Swap Agreement: The Issuer will enter into a separate Credit DefaultSwap Agreement with the Credit Default Swap Counterparty in respect of each Class of Notes. Unless otherwise stated in these Terms, any reference to the Credit Default Swap Agreement shall be deemed to be references to each Credit Default Swap Agreement and the terms of the Credit Default Swap Agreement described herein shall apply to each Credit Default Swap Agreement. Credit Default Swap Counterparty:BNP Paribas, London branch (the "Buyer").Reference Portfolio: Terms Sub-Module 2.6.1.1 of Terms Sub-Module2.6 applies in respect of each Credit Default Swap Agreement. The Reference Portfolio with respect to the Senior Notes and the Class F Notes is set out in Schedule 1 to the Credit Default Swap Agreement (see page 129 of this Securities Note). Substitutions within the Reference Portfolio:The Reference Entities in the Reference Portfolio for each Credit Default Swap Agreement are subject to substitution from time to time, as described under "Other information regarding the Issuer's assets" below. Loss Events: Each Credit Event (as such term is defined in the relevant Credit Default Swap Agreement) and each Potential Credit Event shall be a Loss Event under the terms of each Credit Default Swap Agreement.In connection thereto:
Sample 1

Related to TRS Noteholding

  • Class B Noteholder means the Person in whose name a Class B Note is registered in the Note Register.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class E Noteholder means the Person in whose name a Class E Note is registered on the Note Register.

  • Class A-4 Noteholder means the Person in whose name a Class A-4 Note is registered in the Note Register.

  • Class A-1 Noteholder means the Person in whose name a Class A-1 Note is registered on the Note Register.

  • Class A Noteholder means the Person in whose name a Class A Note is registered in the Note Register.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Class A-2 Noteholder means the Person in whose name a Class A-2 Note is registered on the Note Register.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Class A-2a Noteholder means the Person in whose name a Class A-2a Note is registered in the Note Register.

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Class C Noteholders means the holders of any Class C Notes from time to time.

  • Class A-2 Noteholders means the Class A-2a Noteholders and the Class A-2b Noteholders.

  • Class A-3 Noteholder means the Person in whose name a Class A-3 Note is registered on the Note Register.

  • Instituting Noteholders has the meaning set forth in Section 7.6(a) of the Indenture.

  • Class A-2b Noteholder means the Person in whose name a Class A-2b Note is registered in the Note Register.

  • Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

  • Senior Noteholder means the Holder of any Senior Note.

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Senior Noteholders means the holders of the Senior Notes.

  • Class D Noteholder means the Person in whose name a Class D Note is registered on the Note Register.

  • Class A Certificateholder means the Person in whose name a Class A Certificate is registered in the Certificate Register.

  • Class C Noteholder means the Person in whose name a Class C Note is registered in the Note Register.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.