Examples of Deferred Interest Notes in a sentence
Regardless of whether any Priority Class is Outstanding, to the extent that funds are not available on any Payment Date (other than the Redemption Date with respect to, or Stated Maturity of, the applicable Class of Rated Notes) to pay Deferred Interest on the applicable Class of Deferred Interest Notes, such Deferred Interest will not be due and payable on such Payment Date and any failure to pay such Deferred Interest on such Payment Date will not be an Event of Default under the Indenture.
Deferred Interest Notes: The Notes specified as such in Section 2.3.
Theaggregate principal amount of the Secured Notes, Class A Loans and the Subordinated Notes that may be authenticated and delivered under this Indenture is limited to U.S.$516,300,000 aggregate principal amount of Secured Notes and Subordinated NotesDebt, except for Deferred Interest with respect to the Deferred Interest Notes, Additional NotesDebt issued or incurred pursuant to Section 2.4 Section 2.4 and Notes issued pursuant to supplemental indentures in accordance with Article VIIIArticle VIII.
Deferred Interest on any Class of Deferred Interest Notes shall be added to the principal balance of such Class of Deferred Interest Notes.
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