VFN Series definition

VFN Series means a Series in which the Related Debt comprises Loan Notes which may, in accordance with their terms, periodically have their Principal Amount Outstanding (as defined in the Security Trust Deed and Cash Management Agreement) increased or decreased at the option of the Loan Note Issuer; and
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VFN Series means Series 2002-A and, with the consent of the "Required Persons" for each outstanding VFN Series, any other Series of variable funding notes.
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VFN Series the holders of those notes, the "VFN NOTEHOLDERS");
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Examples of VFN Series in a sentence

  • The consent of the Security Trustee referred to above shall be given in accordance with a corresponding Term Series Direction in respect of each Term Series of Loan Notes and a corresponding VFN Series Direction in respect of each VFN Series of Loan Notes.

  • The Security Trustee shall give such consent referred to above if it receives a corresponding Term Series Direction in respect of each Term Series of Loan Notes and a corresponding VFN Series Direction in respect of each VFN Series of Loan Notes.

  • Notwithstanding the foregoing, in relation to any Series of Loan Notes, if a Term Series Direction or a VFN Series Direction (as appropriate) is given in relation to any of the above matters, the Security Trustee shall act in accordance with such direction, save that the Security Trustee shall not be obliged to act contrary to its own interests.

  • Each “Increase” with respect to all VFN Series shall be allocated to each respective VFN Series as instructed by the Issuer in its sole discretion.

  • The Security Trustee shall only give a notice of crystallisation in respect of the floating charge and/or appoint an administrative receiver thereunder if it has been instructed so to do by a Term Series Direction or by a VFN Series Direction, as appropriate, for each outstanding Series of Loan Notes and has been indemnified and/or secured and/or prefunded to its satisfaction for its costs of so doing.

  • The Security Trustee shall give such approval referred to above if it receives a corresponding Term Series Direction in respect of each Term Series of Loan Notes and a corresponding VFN Series Direction in respect of each VFN Series of Loan Notes.

  • In relation to each Series of Loan Notes, the Security Trustee shall undertake such duties pursuant to Term Series Directions and VFN Series Directions, as applicable, unless otherwise specified or the context otherwise requires.

  • Any reference in this Clause 9 to the Security Trustee exercising discretion (or words of similar import) shall, in relation to any Term Series of Loan Notes, be deemed to mean the Security Trustee acting in accordance with a Term Series Direction and, in relation to any VFN Series of Loan Notes, be deemed to mean the Security Trustee acting in accordance with a VFN Series Direction.

  • This Clause 12.2.2 imposes no limitations on the powers of the Priority Secured Creditor in respect of any VFN Series, the exercise of which will be binding on each other Secured Creditor in respect of such Series irrespective of the effect on their interests.

  • The Spread Account shall be under the sole dominion and control of Indenture Trustee for the benefit of the VFN Series 2003-3 Noteholders and the Holder of the Transferor Interest.


More Definitions of VFN Series

VFN Series means any Series of variable funding notes issued pursuant to this Master Trust Indenture.
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VFN Series means a Series in which the Related Debt comprises Loan Notes which may, in accordance with their terms, periodically have their Principal Amount Outstanding increased or decreased at the option of the Loan Note Issuer.
Sample 1

Related to VFN Series

  • Extension Series means all Extended Term Loans or Extended Revolving Credit Commitments (as applicable) that are established pursuant to the same Extension Agreement (or any subsequent Extension Agreement to the extent such Extension Agreement expressly provides that the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, provided for therein are intended to be a part of any previously established Extension Series) and that provide for the same interest margins, extension fees, if any, and amortization schedule.

  • Refinancing Series means all Refinancing Term Loans or Refinancing Term Commitments that are established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Refinancing Term Loans or Refinancing Term Commitments provided for therein are intended to be a part of any previously established Refinancing Series) and that provide for the same Effective Yield and amortization schedule.

  • Additional Series or “Additional Series Equipment Notes” means Equipment Notes issued under the Indenture and designated as a Series (other than “Series AA” or “Series A”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Record series means a group of records that may be treated as a unit for purposes of designation, description, management, or disposition.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Revolver Extension Series has the meaning set forth in Section 2.16(b).

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • CF Shadow Series means a series of Capital Stock that is identical in all respects to the shares of Capital Stock (whether Preferred Stock or another class issued by the Company) issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Stock in an Equity Financing, the Shadow Series would be Series A-CF Preferred Stock), except that:

  • Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

  • Series or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class B Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed to the class B noteholders on that distribution date.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Class Subordination Percentage With respect to any Distribution Date and each Class of Subordinated Certificates, the quotient (expressed as a percentage) of (a) the Class Certificate Balance of such Class of Certificates immediately prior to such Distribution Date divided by (b) the aggregate of the Class Certificate Balances immediately prior to such Distribution Date of all Classes of Certificates.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Series 2020 Bonds means the West Virginia Hospital Finance Authority Refunding Revenue Bonds (Thomas Health System, Inc.), Series 2020 A to be issued as a combination of tax-exempt and taxable non-rated fixed rate bonds by the Issuer, subject to its authority and discretion, in the aggregate principal amount of $60,100,000, to (i) refund and retire the Series 2008 Bonds at a discount to the current par amount outstanding, (ii) fund a debt service reserve fund for the Series 2020 Bonds, (iii) fund the Operating Reserve Fund, if necessary, as described in Article IV.C.1 of the Plan and (iv) finance costs of issuance of the Series 2020 Bonds.

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Class A-3 Component The Component having such designation.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Class B-1 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-1 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-1 Certificates on such Distribution Date pursuant to Paragraph fifth of Section 4.01(a).

  • Division/Series Transaction means, with respect to any Person that is a limited liability company organized under the Laws of the State of Delaware, that any such Person (a) divides into two or more Persons (whether or not the original Person survives such division) or (b) creates, or reorganizes into, one or more series, in each case, as contemplated under the Laws of the State of Delaware.