Restricted Notes definition

Restricted Notes means Initial Notes and Additional Notes bearing one of the restrictive legends described in Section 2.1(d).

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Restricted Notes means any Note for which no Debt-For-Tax Opinion has been rendered on or after the later of (i) the Closing Date and (ii) the most recent date on which such Note was beneficially owned by the Issuer or the single beneficial owner of the Issuer for United States federal income tax purposes.

Restricted Notes means any Notes (i) that were retained by the Issuer or a Person that is considered the same person as the Issuer for U.S. federal income tax purposes as of the Closing Date, and (ii) for which no Debt-For-Tax Opinion has been rendered with respect to such Notes at any time after the Closing Date.

Examples of Restricted Notes in a sentence

• Neither the Indenture Trustee nor the Note Registrar shall have any duty or obligation with respect to the foregoing to ascertain the number of direct or indirect holders of an interest in the Restricted Notes and the Certificates.

• Initial Notes and any Additional Restricted Notes offered and sold to non-U.S. Persons outside the United States of America (the “Regulation S Notes”) in reliance on Regulation S shall be issued in the form of a permanent global Note substantially in the form of Exhibit A including appropriate legends as set forth in Section 2.1(d) (the “Regulation S Global Note”).

• After the Issue Date, to the extent any Initial Notes and Additional Restricted Notes will be resold to AIs (an “Accredited Investor Note”) in the United States of America, such Accredited Investor Note shall be issued in the form of a Definitive Note substantially in the form of Exhibit A including the legend as set forth in Section 2.1(d).

• Any Definitive Note delivered in exchange for an interest in a Global Note that is a Transfer Restricted Note shall, except as otherwise provided by Section 2.2(e) of this Appendix A, bear the Restricted Notes Legend.

• Upon the transfer, exchange or replacement of Notes not bearing a Restricted Notes Legend, the Registrar shall deliver Notes that do not bear a Restricted Notes Legend.

More Definitions of Restricted Notes

Restricted Notes means the Global Notes and all other Series 2021-2 Notes evidencing the obligations, or any portion of the obligations, initially evidenced by the Global Notes, other than certificates transferred or exchanged upon certification as provided in Article II of this Series 2021-2 Supplement.

Restricted Notes. The Notes for which, as of the Closing Date, no opinion has been delivered to the effect that such Notes will be characterized as indebtedness for U.S. federal income tax purposes, until such time as such an opinion is delivered by counsel satisfactory to the Indenture Trustee and the Depositor.

Restricted Notes means the Restricted Global Note(s) and the Restricted Definitive Notes.

Restricted Notes means Initial Notes and Additional Notes bearing one of the restrictive legends described in Section 2.1(d). “Restricted Notes Legend” means the legend set forth in Section 2.1(d)(1).

Restricted Notes means Notes offered and sold in their initial distribution in transactions exempt from the registration requirements of the Securities Act other than pursuant to Regulation S.

Restricted Notes means Global Notes and Definitive Notes issued under this Indenture that bear or are required to bear the Private Placement Legend.

Restricted Notes means Initial Notes and Additional Notes bearing the restrictive legend described in Section 2.01(d).