New Class B Notes definition

New Class B Notes means Notes that are issued as new Class B Notes in connection with a Refunding of the Original Class B Notes, in the original principal amount and maturities and bearing interest as specified in the applicable Indenture Refunding Amendment.
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New Class B Notes means the new subordinate notes to be issued by us as part of the consideration delivered to holders of Existing Subordinate Notes that participate in the Concurrent Offers under the Indenture, secured on a subordinate basis by the Eligible Underlying Assets that previously secured Outstanding Securities that are the subject of the related Resecuritization Process, as described herein.
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Examples of New Class B Notes in a sentence

  • This will then revert to 12 months of cash tax in 2019 and beyond at a level approximately the same as the charge in the income statement.Capital structure and financing Secured NotesThe Group’s principal source of long–term debt financing is the New Class A Notes and the New Class B Notes.

  • In light of the current trading prices for the Notes, there is a significant likelihood that the New Class A Notes and the New Class B Notes will be treated as re-issued with OID.

  • At 25 December 2015, £230,810,000 (2014: £238,904,000) of the principal of the New Class A Notes and£356,402,000 (2014: £356,402,000) of the principal of the New Class B Notes was outstanding.For further details of security over the New Notes see note 16.

  • Consequently, the issue price of the New Class A-7 Notes should be the fair market value of the New Class A-7 Notes on the date of the deemed exchange (i.e., on the date the amendment becomes effective), and the issue price of the New Class B Notes should be the “stated principal amount” of the New Class B Notes.

  • The New A Notes are repayable in instalments ending in December 2034.The New Class B Notes carry interest at 4.6956% payable half yearly in arrears.

  • We expect the New Class A-7 Notes should be characterized as publicly traded and the New Class B Notes should not be characterized as publicly traded, and we expect, and the remainder of this discussion assumes, that the stated interest on the New Notes will meet the requirements for “adequate stated interest” under the Treasury Regulations.

Related to New Class B Notes

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

  • Initial Class B Note Balance means $163,150,000.

  • 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 B Note Balance means, at any time, the Initial Class B Note Balance reduced by all payments of principal made prior to such time on the Class B Notes.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

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

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Series B Notes is defined in Section 1.

  • 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.

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

  • Initial Class A-3 Note Balance means $380,000,000.

  • Initial Class A-4 Note Balance means $115,000,000.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Initial Class C Note Balance means $152,941,000.

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Initial Class A-2 Note Balance means $235,000,000.

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

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

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

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

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