New Notes definition
Examples of New Notes in a sentence
If the Controlling Note is involved in any resizing contemplated by this Section 32, the applicable Noteholder shall be entitled to designate any one of the related New Notes as the Controlling Note, and the definitions of “Controlling Note” and “Controlling Noteholder” shall be deemed to have been revised accordingly.
In connection with any resizing of an Owned Note, the related Noteholder may allocate its rights hereunder among the New Notes in any manner in its sole discretion.
Any New Note that is created in a resizing contemplated by this Section 32 and is not the Controlling Note shall be deemed to be a Non-Controlling Note under this Agreement, the definitions of “Non-Controlling Note” and “Non-Controlling Noteholder” shall be deemed to have been revised accordingly to include such New Notes, and the applicable Noteholders of such Non-Controlling Notes shall have the same rights and responsibilities as all other Non-Controlling Noteholders.
If the Lead Securitization Note Holder so requests, the Original Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified.
If the Controlling Note is involved in any resizing contemplated by this Section 32, the applicable Note Holder shall be entitled to designate any one of the related New Notes as the Controlling Note, and the definitions of “Controlling Note” and “Controlling Note Holder” shall be deemed to have been revised accordingly.