Fixed Rate Secured Notes definition

Fixed Rate Secured Notes. Any Secured Notes that bears interest at fixed rates, which on the Closing Date, will be the Class B-2 Notes.
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Examples of Fixed Rate Secured Notes in a sentence

  • The restriction under Section 7.5(viii)(c) of the Existing Credit Agreement limiting the magnitude of the Insurance Subsidiaries' Investments in the securities of any single issuer is hereby waived through April 30, 2002 solely for the purpose of allowing PXRE Reinsurance to continue to own certain Fixed Rate Secured Notes, due September 10, 2010, issued by FSL Funding Ltd.

Related to Fixed Rate Secured Notes

  • Fixed Rate Security means a Security which provides for the payment of interest at a fixed rate.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.

  • Floating Rate Notes means the Class A-2b Notes.

  • Fixed Rate Note means a Note on which interest is calculated at a fixed rate payable in arrear on a fixed date or fixed dates in each year and on redemption or on such other dates as may be agreed between the Issuer and the relevant Dealer(s) (as indicated in the applicable Final Terms);