B Notes definition
Examples of B Notes in a sentence
Interest on the Class B Notes shall accrue at the Class B Rate and shall be computed on the basis of the actual number of days in the related Interest Accrual Period divided by 360.
So long as any Class B Notes are Outstanding, any more junior Class of Notes and the Preferred Shares will receive payments only in accordance with the Priority of Payments.
The Class B Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.
The Indenture Trustee shall upon receipt of the Issuer Order authenticate and deliver the Class A Notes for original issue in an aggregate principal amount of $223,080,000, Class B Notes for original issue in the aggregate principal amount of $65,780,000 and Class C Notes for original issue in the aggregate principal amount of $111,140,000.
The Class A Notes, Class B Notes and Class C outstanding at any time may not exceed such amounts.