Examples of Series 2017-2 Notes in a sentence
Payments on the NotesThe Series 2017-2 Issuer will pay (a) amounts due on the Series 2017-2 Notes from collections it receives backed by its interest in the Eligible Trust excluding collections that relate to any excess concentration amounts, and (b) amounts due on the ECN from collections it receives backed by its interest in the Eligible Trust that relate to any excess concentration amounts.
Any credit rating assigned to the Series 2017-2 Notes may be revised, suspended or withdrawn at any time.
Furthermore, a failure by the Seller to comply with the U.S. Risk Retention Rules could negatively affect the value and secondary market liquidity of the Series 2017-2 Notes.
In fact, I still have my Kan- tronics KAM from those days, although I don’t use it anymore – now just using my homebrewed sound card interface instead.Flash forward to today.
In particular, the Series 2017-2 Issuer will fund its Contribution from the proceeds of the Series 2017-2 Notes and the ECN (described further below).
ECN Facility The ITN Issuer will make available to the Series 2017-2 Issuer acommitted Sterling denominated variable funding note purchase facility to fund certain excess concentrations that may arise during the term of the Series 2017-2 Notes.
Upon the occurrence of an Insolvency Event with respect to the Series 2017-2 Issuer, the Series 2017-2 Notes shall be automatically declared to be immediately due and payable (without any requirement for the giving of notice).
Moreover, there are certain structural, legal, insolvency, tax and regulatory risks relating to the Purchased Receivables and the Series 2017-2 Notes.
Reliance on Rating Agency Ratings Revised capital regulations were issued by the US banking regulators in July 2013 which removed reliance on credit agency ratings and otherwise altered the capital requirements imposed on depository institutions and their holding companies including in respect of investments by such institutions in asset-backed securities like the Series 2017-2 Notes.
Change of law The structure of the Transaction as described in this Prospectus and, among other things, the issue of the Series 2017-2 Notes and the ratings which are to be assigned to the Rated Notes are based on the law and administrative practice in effect as at the date of this Prospectus as it affects the parties to the Transaction and the Purchased Receivables, and having regard to the expected tax treatment of all relevant entities under such law and practice.