Original Notes definition
Original Notes means the Initial Notes and any Exchange Notes issued in exchange therefor.
Original Notes means all Notes other than Exchange Notes.
Original Notes means (i) the Class M-1, Class M-2 and Class M-3 Notes, which are modifiable and combinable with the MAC Notes as described in the Exchange Administration Agreement, and (ii) the Class B Notes.
Examples of Original Notes in a sentence
The Issuer has duly authorized the execution and delivery of the Indenture to provide for the issuance on the date hereof of $400,000,000 aggregate principal amount of the Issuer’s 6.000% Senior Notes due 2033 (the “Original Notes”) issued therefor as provided herein (the Original Notes and any Additional Notes (as defined below) together referred to herein as the “Notes”).
More Definitions of Original Notes
Original Notes has the meaning assigned to such term in the recitals to the Indenture.
Original Notes means the Notes issued on the Issue Date and any Notes issued in replacement thereof.
Original Notes. The Class M-1, Class M-2, Class M-3 and Class B Notes. Origination Rep and Warranty Settlement: Any settlement (which settlement only relates to claims arising from breaches of origination representations and warranties) that ▇▇▇▇▇▇▇ Mac enters into with a seller or servicer in lieu of requiring such seller or servicer to repurchase a specified pool of Mortgage Loans which include, among others, one or more Reference Obligations, as a result of breaches of origination representations or warranties whereby ▇▇▇▇▇▇▇ Mac has received the agreed-upon settlement proceeds from such seller or servicer. For the avoidance of doubt, any settlement that ▇▇▇▇▇▇▇ Mac may enter into with a servicer in connection with a breach by such servicer of its servicing obligations to ▇▇▇▇▇▇▇ Mac with respect to Reference Obligations will not be included in any Origination Rep and Warranty Settlement. Origination Rep and Warranty Settlement Amount: (I) with respect to the Payment Date in the month after the calendar month in which an Origination Rep and Warranty Settlement occurs, the lesser of (a) the product of (i) the aggregate of the Credit Event Amounts of the Origination Rep and Warranty Settlement Reference Obligations for such Payment Date and all prior Payment Dates, less the aggregate of the Reversed Credit Event Amounts of the Origination Rep and Warranty Settlement Reference Obligations for such Payment Date and all prior Payment Dates; and (ii) the Applicable Severity of such Payment Date; and (b) the Origination Rep and Warranty Settlement Loan Allocation Amount (Cap); and, (II) with respect to each Payment Date thereafter, the lesser of (a) the product of (i) the aggregate of the Net Credit Event Amounts of the Origination Rep and Warranty Settlement Reference Obligations for such Payment Date; and (ii) the Applicable Severity of such Payment Date; and (b) the maximum of (i) 0; and (ii) the Origination Rep and Warranty Settlement Loan Allocation Amount (Cap), less the Origination Rep and Warranty Settlement Amount for all prior Payment Dates. Origination Rep and Warranty Settlement Loan Allocation Amount (Cap): With respect to any Origination Rep and Warranty Settlement, an amount equal to the product of (a) the settlement proceeds received by ▇▇▇▇▇▇▇ Mac in connection with such Origination Rep and Warranty Settlement and (b) the percentage expressed as a fraction, (i) the numerator of which is the settlement proceeds that ▇▇▇▇▇▇▇ Mac has received for Origination Rep...
Original Notes shall have the meaning set forth in the preamble to this Indenture.
Original Notes has the meaning set forth in the recitals hereto.
Original Notes. The Class M-1, Class M-2 and Class M-3 Notes.
Original Notes has the meaning set forth in the introductory paragraph hereto.