Affected Class definition

Affected Class has the meaning specified in Section 2.24(a).

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Affected Class. Any Class of Secured Notes that, as a result of the occurrence of (and due to) a Tax Event, has not received 100% of the aggregate amount of principal and interest that would otherwise be due and payable to such Class on any Payment Date.

Affected Class shall have the meaning assigned to such term in Section 9.19(a).

Examples of Affected Class in a sentence

After a Majority of an Affected Class or a Majority of the Subordinated Notes has directed (by a written direction delivered to the Trustee) a Tax Redemption, the Collateral Manager shall, if necessary to effect such Tax Redemption, direct the Trustee to sell (which sale may be through participation or other arrangement) all or a portion of the Collateral Obligations if the requirements of Article IX (including the certification requirements of Section 9.4(e)(ii), if applicable) are satisfied.
Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders of the Affected Class that accept the applicable Loan Modification Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to such ▇▇▇▇▇▇’s Loans and Commitments of such Affected Class as to which such ▇▇▇▇▇▇’s acceptance has been made.

More Definitions of Affected Class

Affected Class has the meaning set forth in Section 3.07(a).

Affected Class. Any Class of Debt that, as a result of the occurrence of a Tax Event, has not received or will not receive 100% of the aggregate amount of principal and interest that would otherwise be due and payable to such Class on any Payment Date.

Affected Class as defined in subsection 10.1.

Affected Class means any Class of Secured Notes that, as a result of the occurrence of a Tax Event, has not received 100% of the aggregate amount of principal and interest that would otherwise be due and payable to such Class on any Payment Date.

Affected Class shall have the meaning assigned to such term in Section 2.22(a) (Loan Modification Offers).

Affected Class shall have the meaning provided in Section 2.18(a).

Affected Class has the meaning assigned to that term in subsection 10.6.