VFN Series definition

VFN Series means a Series in which the Related Debt comprises Loan Notes which may, in accordance with their terms, periodically have their Principal Amount Outstanding (as defined in the Security Trust Deed and Cash Management Agreement) increased or decreased at the option of the Loan Note Issuer; and
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VFN Series means Series 2008-A, Series 2010-A and, with the consent of the Required Persons for each outstanding VFN Series, any other Series of variable funding notes.
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VFN Series the holders of those notes, the "VFN NOTEHOLDERS");
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Examples of VFN Series in a sentence

  • The consent of the Security Trustee referred to above shall be given in accordance with a corresponding Term Series Direction in respect of each Term Series of Loan Notes and a corresponding VFN Series Direction in respect of each VFN Series of Loan Notes.

  • Any reference in this Clause 9 to the Security Trustee exercising discretion (or words of similar import) shall, in relation to any Term Series of Loan Notes, be deemed to mean the Security Trustee acting in accordance with a Term Series Direction and, in relation to any VFN Series of Loan Notes, be deemed to mean the Security Trustee acting in accordance with a VFN Series Direction.

  • In relation to each Series of Loan Notes, the Security Trustee shall undertake such duties pursuant to Term Series Directions and VFN Series Directions, as applicable, unless otherwise specified or the context otherwise requires.

  • Each such Mandatory Decrease shall be on a pro rata basis for all Notes, and "Mandatory Decreases" of all VFN Series shall occur on a pro rata basis subject to subsection 3.1(e).

  • Series Funding Allocation Percentage: On any Funding Date, for any Additional Receivables and for any VFN Series in respect of which such Receivable has a positive Collateral Value, the percentage obtained by dividing (i) the Series Invested Amount of such Series by (ii) the aggregate of the Series Invested Amount of all VFN Series for which such Additional Receivable has a positive Collateral Value.

  • Notwithstanding the foregoing, in relation to any Series of Loan Notes, if a Term Series Direction or a VFN Series Direction (as appropriate) is given in relation to any of the above matters, the Security Trustee shall act in accordance with such direction, save that the Security Trustee shall not be obliged to act contrary to its own interests.

  • SCHEDULE 3 ADDITIONAL PROVISIONS IN RELATION TO THE ORIGINATOR VFN SERIES The Originator VFN Series shall be subject to the following provisions set out in this Schedule 3.

  • The remainder of the Servicing Fee shall be paid by the Holders of the Transferor Interest or the Noteholders of other Series (as provided in the related Indenture Supplements) and in no event shall Issuer, Indenture Trustee or the VFN Series 2003-3 Noteholders be liable for the share of the Servicing Fee to be paid by the Holders of the Transferor Interest or the Noteholders of any other Series.

  • Any amendment, waiver or other modification to the Base Indenture, this Series Supplement or the Series Supplement for any other VFN Series shall be subject to the restrictions thereon, if applicable, in the Note Purchase Agreement.

  • To the extent that any of the below provisions is inconsistent with the Security Trust Deed and Cash Management Agreement or the Loan Note Conditions, the below provisions shall prevail with respect to the Originator VFN Series only.


More Definitions of VFN Series

VFN Series means a Series in which the Related Debt comprises Loan Notes which may, in accordance with their terms, periodically have their Principal Amount Outstanding increased or decreased at the option of the Loan Note Issuer.
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VFN Series means any Series of variable funding notes issued pursuant to this Master Trust Indenture.
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Related to VFN Series

  • Extension Series means all Extended Term Loans and Extended Revolving Credit Commitments that are established pursuant to the same Extension Amendment (or any subsequent Extension Amendment to the extent such Extension Amendment expressly provides that the Extended Term Loans or Extended Revolving Credit Commitments, as applicable, provided for therein are intended to be a part of any previously established Extension Series) and that provide for the same interest margins, extension fees, and amortization schedule.

  • Refinancing Series means all Refinancing Term Loans or Refinancing Term Commitments that are established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Refinancing Term Loans or Refinancing Term Commitments provided for therein are intended to be a part of any previously established Refinancing Series) and that provide for the same Effective Yield and amortization schedule.

  • Additional Series or “Additional Series Equipment Notes” means Equipment Notes issued under the Indenture and designated as a Series (other than “Series AA” or “Series A”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Record series means a group of records that may be treated as a unit for purposes of designation, description, management, or disposition.

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Revolver Extension Series has the meaning set forth in Section 2.16(b).

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • CF Shadow Series means a series of Capital Stock that is identical in all respects to the shares of Capital Stock (whether Preferred Stock or another class issued by the Company) issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Stock in an Equity Financing, the Shadow Series would be Series A-CF Preferred Stock), except that:

  • Required Subordinated Amount of Class C Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Series or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof.

  • Required Subordinated Amount of Class B Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Required Subordinated Amount of Class D Notes means, for the Class A(2022-1) Notes for any date of determination, an amount equal to the product of

  • Class Subordination Percentage With respect to any Distribution Date and each Class of Subordinated Certificates, the quotient (expressed as a percentage) of (a) the Class Certificate Balance of such Class of Certificates immediately prior to such Distribution Date divided by (b) the aggregate of the Class Certificate Balances immediately prior to such Distribution Date of all Classes of Certificates.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Series 2020 Bonds means the Series 2020A Bonds and the Series 2020B Bonds.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Series B Notes is defined in Section 1.

  • Division/Series Transaction means, with respect to any Credit Party and/or any of its Subsidiaries that is a limited liability company organized under the laws of the State of Delaware, that any such Person (a) divides into two or more Persons (whether or not the original Credit Party or Subsidiary thereof survives such division) or (b) creates, or reorganizes into, one or more series, in each case, as contemplated under the laws of the State of Delaware.

  • Class B Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class B Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of the close of business on such day; provided, however, that with respect to the first Monthly Period, the Class B Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C(2020-5) Notes, the product of

  • Series C Notes is defined in Section 1.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Class C Note Principal Balance means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class C Noteholders on or prior to such date.