Examples of VF Notes in a sentence
In addition, any payments of principal or interest received in respect of Issuer Investments and not otherwise reinvested in further Issuer Investments or used to repay Advances under VF Notes will generally be invested in Cash or Cash Equivalents.
There is no assurance that a rating accorded to any of the VF Notes and Rated Notes will remain for any given period of time or that a rating will not be lowered or withdrawn entirely by a Rating Agency if, in its judgment, circumstances in the future so warrant.
The percentage of the Portfolio that is comprised of these types of securities may increase or decrease over the life of the VF Notes and Notes.
The decision by any prospective Holder of VF Notes or Notes to invest in such VF Notes or Notes should be based, among other things, on an evaluation of the Market Valuation Manual and the Over-Collateralisation Tests.
As a result, concentrations of synthetic securities entered into with any one synthetic counterparty subject the VF Notes and the Notes to an additional degree of risk with respect to default by such synthetic counterparty as well as by the reference entity.
The VF Notes and the Notes are limited recourse obligations of the Issuer and are payable solely from amounts received in respect of the Collateral securing the VF Notes and the Notes.
A decrease in the Market Value of the Issuer Investments would also adversely affect the proceeds of sale that could be obtained upon the sale of the Issuer Investments and could ultimately affect the ability of the Issuer to pay in full or redeem the VF Notes or the Notes.
In the event that a rating initially assigned to any of the VF Notes or Rated Notes is subsequently lowered for any reason, no person or entity is required to provide any additional support or credit enhancement with respect to any such VF Notes or Notes and the market value of such VF Notes or Notes is likely to be adversely affected.
Consequently, VF Noteholders and Noteholders must rely solely on distributions in respect of, and liquidation proceeds of, Collateral securing the VF Notes and the Notes for the payment of principal, interest and premium, if any, thereon.
An unsigned check, though received timely, does not constitute acceptable payment and is properly returned by BLM to the offeror.