Class S Notes definition

Class S Notes has the same meaning as in the Trust Deed;
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Class S Notes means, the £11,637,000 Class S mortgage backed floating rate notes due 2047, constituted by the Trust Deed or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof and includes the Class S Global Note of each class (or any part thereof) and the Definitive Class S Notes of each class (or any of them);
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Class S Notes means, the £11,637,000 Class S mortgage backed floating rate notes due 2047, hereby constituted or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof and includes the Global Class S Note of each class (or any part thereof) and the Definitive Class S Notes of each class (or any of them).
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Examples of Class S Notes in a sentence

  • The Class E Notes, the Class S Notes and the Class X Notes will not be assigned a credit rating.

  • Prior to an Enforcement Notice, the Class S Notes will on each Notes Payment Date be redeemed in accordance with Condition 6(c) (Redemption of the Class S Notes) with an amount equal to the Available Revenue Funds remaining after all items ranking above item (s) of the Revenue Priority of Payments have been paid in full.

  • If the Class S Notes have been redeemed (in part or in full) and there is a shortfall in the amount available to the Issuer to pay interest and/or principal on the other Classes of Notes, this will result in the other Classes of Notes bearing a greater loss than that borne by the Class S Notes.

  • Upon redemption in full of such Classes of Notes, the Class S Notes are subject to redemption on such Notes Payment Date and on each Notes Payment Date thereafter in accordance with and subject to Condition 6(c) (Redemption of the Class S Notes) and Condition 9(b) (Principal).

  • The Class S Noteholders shall have no further claim against the Issuer for the Principal Amount Outstanding on the Class S Notes after the date on which the Issuer no longer holds any Mortgage Receivables and there is no balance standing to the credit of the Issuer Transaction Accounts and the Issuer has no further rights under or in connection with any of the Transaction Documents.

  • Unless previously redeemed in full, the Issuer will, in accordance with Condition 6(e) (Optional Redemption), have the option to redeem the Notes (but not some only), other than the Class S Notes and the Class X Notes, on each Optional Redemption Date, at their respective Principal Amount Outstanding, subject to, in respect of the Class E Notes, Condition 9(b) (Principal).

  • PML as Administrator (on behalf of the Issuer) will fund the General Reserve Fund from part of the proceeds of the Noteholders' subscription for the Class S Notes in an amount equal to the General Reserve Fund Required Amount as at the Closing Date.

  • The maturity of the Class S Notes and the Class X Notes will further depend on the amount and timing of payment of principal on the Bridge Mortgage Receivables.

  • Unless previously redeemed in full, the Issuer may at its option on each Optional Redemption Date redeem all (but not some only) of the Notes, other than the Class S Notes and the Class X Notes, at their respective Principal Amount Outstanding, subject to in respect of Class E Notes Condition 9(b) (Principal).

  • The remaining part of the proceeds of the Notes, other than the Class S Notes and the Class X Notes, being the Pre-funded Amount will be deposited in the Pre-funded Account on the Closing Date and will be available for the purchase of any New Mortgage Receivables on any Purchase Date during the Pre-funded Period.


More Definitions of Class S Notes

Class S Notes. Class S VFN" and "Notes" have the same meaning as indicated in the Deed of Charge (as defined below).
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Class S Notes has the meaning specified in the recitals to this Agreement.
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Class S Notes has the same meaning as in the Trust Deed; "Class S VFN" has the same meaning as in the Trust Deed;
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Class S Notes has the meaning assigned to it in the fourth WHEREAS clause hereof.
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Class S Notes means the Class S Swingline Asset Backed Notes, ------------- substantially in the form of Exhibit A-3 to the Indenture.
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Class S Notes has the meaning assigned in the third WHEREAS clause hereof.
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Related to Class S Notes

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • B Notes means each of Note B-1 and Note B-2.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Class A-1 Notes means the Class A-1 4.867% Asset-Backed Notes, substantially in the form of Exhibit A-1 to the Indenture.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class A-2 Notes means the Class A-2a Notes and the Class A-2b Notes, collectively.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

  • Class A Certificates As specified in the Preliminary Statement.

  • Class D Certificates “Class E Certificates,” “Class F Certificates,” “Class G Certificates,” “Class H Certificates,” “Class V Certificates” and “Class R Certificates” mean, in each such case, the Certificates designated as “Class A-1,” “Class A-2,” “Class A-SB,” “Class A-3,” “Class A-4,” “Class A-5,” “Class A-S,” “Class X-A,” “Class X-B,” “Class X-C,” “Class B,” “Class PST,” “Class C,” “Class D,” “Class E,” “Class F,” “Class G,” “Class H,” “Class V” and “Class R,” respectively, on the face thereof, in substantially the forms attached hereto as Exhibits A-1 to A-20.

  • Initial Class D Note Balance means $13,564,000.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • Class B Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates.

  • Class A-2a Notes means the Class A-2a 5.05% Asset-Backed Notes, substantially in the form of Exhibit A-2a to the Indenture.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Notes has the meaning assigned to such term in the Indenture.

  • Series D Notes is defined in Section 1.

  • 2022 Notes means the 4.875% Senior Notes due 2022, originally issued by Rowan Companies, Inc., a Delaware corporation.