Series B Noteholders definition
Examples of Series B Noteholders in a sentence
In the event that the conditions precedent set forth in this Section 2 are not fulfilled to each Consenting Series B Noteholder’s satisfaction on or prior to the Termination Date, each of the consents of the Consenting Series B Noteholders set forth in Section 1 hereof shall be null and void and of no force and effect.
The Indenture Trustee shall pay any amounts due under this Section 2.11 to the Series B Noteholders as part of the Series B2 Increased Costs out of the Available Collections Amount on each Payment Date as provided in Section 3.13 of the Indenture and Section 3.02 hereof.
Notwithstanding any other remedy for an Event of Default hereunder or otherwise, the Series A Notes shall have a first priority claim to the funds in any such trust account segregated for the benefit of Series A Noteholders until the Series A Notes are paid in full and the Series B Notes shall have a first priority claim to the funds in any such trust account segregated for the benefit of Series B Noteholders until the Series B Notes are paid in full.