Class H Notes definition

Class H Notes. The Class H Ninth Priority Floating Rate Capitalized Interest Term Notes, due 2041, issued by the Issuer and the Co-Issuer pursuant to this Indenture.

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Class H Notes means the U.S.$20,700,000 aggregate principal amount of Class H Floating Rate Deferrable Interest Notes due 2041.

Class H Notes means those certain Promissory Notes issued by the Company to Aggregator with payments corresponding to obligations under the Class H Aggregator Units (as defined in the Aggregator LLCA), with terms of four (4), five (5), six (6), seven (7), and eight (8) years, respectively.

Examples of Class H Notes in a sentence

• For the avoidance of doubt, the Note Administrator shall make computations, distributions and reports with respect to the Class H Notes without regard to the Class H Subcomponents and the payments described in this Section 2.18.

• Federal Income Tax Accounting Applicable to Sub-REIT’s Treatment of the Class H Notes.

• Transfers of the Class H Notes and restrictions on the transfer of the EHRI shall also be subject to Section 2.5(o).

• The holders of the Class H Notes may contribute additional Cash and/or Eligible Investments to the Expense Reserve Account at any time.

• The Class H-X Subcomponent shall have a subcomponent notional balance from time to time equal to the Aggregate Outstanding Portfolio Balance minus the Aggregate Outstanding Amount of all Classes of Notes (other than the Class H Notes) (the “Class H-X Notional Amount”).

• The Class H-P Subcomponent shall have a subcomponent note balance from time to time equal to the Aggregate Outstanding Portfolio Balance minus the sum of: (i) the Aggregate Outstanding Amount of all Classes of Notes (other than the Class H Notes) and (ii) the subcomponent note balances, if any, of the sum of the Class H-X Subcomponent and the Class H-R Subcomponent.

• For so long as (i) FS Credit REIT (or any of its Affiliates) is the Advancing Agent and (ii) any of FS Credit REIT’s affiliates owns the Class H Notes, FS Credit REIT hereby agrees, on behalf of itself and its affiliates, to waive its rights to receive the Advancing Agent Fee and any Reimbursement Interest.

• The subcomponent note rate on the Class H-X Subcomponent will equal the difference between (1) the Collateral Net WAC and (2) the total interest accrued on all Classes of Notes (other than the Class H Notes) with respect to such Payment Date, such aggregate expressed as an annualized rate at which interest would have to accrue on the Class H-X Notional Amount on an actual/360 basis in order to produce the aggregate amount of interest described in clause (2) to accrue on the Class H-X Notional Amount.

• Notwithstanding the foregoing, at any time when the Retention Holder holds 100% of the Class H Notes, the Retention Holder may designate all or any portion of the available funds that would otherwise be distributed by the Paying Agent for payment on the Class H Notes, for deposit into the Payment Account as a contribution to the Issuer.

• Furthermore, the Note Administrator shall not be responsible for any tax filings or reporting in respect of the Class H Notes.

More Definitions of Class H Notes

Class H Notes. The Class H Income Notes Due 2043, issued by the Issuer pursuant to this Indenture.

Class H Notes means the Class H Income Notes due December 2037, issued by the Issuer on the Closing Date in respect of which the Holders are entitled to receive any Interest Proceeds remaining after all other amounts payable therefrom.

Class H Notes. The Co-Issuers’ $4,500,000 Class H Floating Rate Secured Deferrable Interest Notes, Due March 2046.

Class H Notes. The Class H-FL Notes and the Class H-FX Notes collectively.

Class H Notes. As defined in the Indenture.

Class H Notes means the Series 2007-08 EUR 33,000,000 Floating Rate Portfolio Credit Linked Notes due 2012 issued by the Issuer pursuant to a series prospectus dated 3 May 2007;