Examples of B Note in a sentence
This 6.379% Credit Card Receivables-Backed Class B Note, Series 2023-2 shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein.
The record date for holders of this 6.379% Credit Card Receivables-Backed Class B Note, Series 2023-2 entitled to receive interest on any Interest Payment Date will be the date that is 15 days prior to the related Interest Payment Date.
The Issuer Trustee has entered into the Trust Indenture and issued this 6.379% Credit Card Receivables-Backed Class B Note, Series 2023-2 in its capacity as the issuer trustee of the Issuer and not in its personal capacity.
Subject to the occurrence of an Amortization Event which has not been rescinded or annulled, the aggregate unpaid principal amount of this 6.379% Credit Card Receivables- Backed Class B Note, Series 2023-2 shall be due and payable on the Maturity Date or, after the occurrence of an Amortization Event, on each Transfer Date until paid, in each case, in accordance with the terms of the Trust Indenture.
The interest payable on each Class B Note on each Interest Payment Date (except for the initial Interest Payment Date) shall be equal to the rate of 6.379% per annum divided by twelve and multiplied by the U.S.$ principal amount of such Class B Note outstanding on such Interest Payment Date prior to the payment of any principal on such Class B Note on such Interest Payment Date.