Class A Noteholders definition
Examples of Class A Noteholders in a sentence
Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to the Class A Noteholders only to the extent permitted by applicable law.
No such event shall alter the voting rights of the Class A Noteholders or the Class B Noteholders under this Indenture or any other Basic Document.
However, so long as any amounts remain unpaid with respect to the Class A Notes, only the Indenture Trustee for the Class A Noteholders will have the right to exercise remedies under this Indenture (but subject to the express provisions of Section 5.4 and to the right of the Class B Noteholders to receive their respective shares of any proceeds of enforcement, subject to the subordination of the Class B Notes to the Class A Notes as described herein).
Consequently, all of the benefits of ownership of the Collateral will inure to the Bank, as Transferor, rather than to the Class A Noteholders.
The total amount of the distribution to Class A Noteholders per $1000 Note Initial Principal Balance.