CHASEseries Notes definition
Examples of CHASEseries Notes in a sentence
Subject to the terms and conditions of the Indenture Supplement, the Issuing Entity may, from time to time, issue one or more Tranches of CHASEseries Notes.
All payments of principal, interest or other amounts to Holders of the CHASEseries Notes of a single Tranche will be made pro rata based on the Nominal Liquidation Amount of their Notes.
Further, the CHASEseries Noteholders shall agree by acceptance of their CHASEseries Notes that such agreement constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code.
A single Tranche of CHASEseries Notes may be entitled to more than one of the following targeted deposits.
If the aggregate amount available for withdrawal from a Principal Funding Sub-Account for any Tranche of CHASEseries Notes is less than all withdrawals required to be made from that Principal Funding Sub-Account for that Tranche with respect to a Monthly Period, after giving effect to all deposits to be made with respect to such Monthly Period, then the amounts on deposit will be withdrawn and, if payable to more than one Person, applied pro rata based on the amounts of the withdrawals required to be made.
Dollar payments received under Derivative Agreements for principal for any Tranche of CHASEseries Notes will be treated as CHASEseries Available Principal Collections.
On each date on which a payment is required under the applicable Derivative Agreement (or as specified in the applicable Terms Document) with respect to any Tranche of CHASEseries Notes which has a Performing Derivative Agreement for principal, an amount equal to the amount of the payment to be made under the applicable Derivative Agreement will be withdrawn from such Principal Funding Sub-Account and paid to the applicable Derivative Counterparty or as otherwise provided by the applicable Terms Document.
If the Terms Document for a Tranche of CHASEseries Notes specifies a deposit in addition to or different from the deposits described above to be made to the Interest Funding Sub-Account for that Tranche of CHASEseries Notes, the deposit targeted for that Tranche of CHASEseries Notes with respect to such Monthly Period and the applicable Note Transfer Date will be such specified amount.
Each Tranche of CHASEseries Notes will have its own Sub-Account within the Interest Funding Account, the Principal Funding Account and, in the case of the Class C Notes, the Class C Reserve Account.
Payments received under Derivative Agreements for CHASEseries Notes with interest payable in a Foreign Currency will be applied as specified in the applicable Terms Document.